Motivation (Xactly Express)

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Insights on Motivation

Transcript of Motivation (Xactly Express)

Page 1: Motivation (Xactly Express)

Insights on Motivation

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43% of the sales team achieves

80-120% of their quota target

Did You Know That…

17% of the sales team achieves over 120% of

their quota target

40% of the sales team achieves less than 80% of their

quota target

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How To Know How To Motivate

ACADEMIC  Necessary,  but  insufficient  

EMPIRICAL  Real  informa=on  coming  out  of  an  automated  system.  Intelligence  that  turns  into  the  right  mo=va=ons  and  behaviors.  

EXPERIENTIAL  Risky  if  nothing  more  

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“ Motivational Intelligence™

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… of employees would work harder if they were better recognized

69%!

Did you know that…

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… employees are not satisfied with their current level of recognition

52%!

Our data tells us that…

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World  at  Work  survey  

62%!

… companies take more than one month to calculate sales commissions!

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It takes more than one factor to motivate performance

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REWARD

COMPETITION

MOTIVATION

STATUS

ACHIEVEMENT

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REWARD

COMPETITION

MOTIVATION

STATUS

ACHIEVEMENT

1.  Cash  Incen=ves  •  Begin  with  the  basics  •  Focus  your  quotas  on  the  important  •  Visible  as  the  sales  process  unfolds  

         2.  Healthy  Compe==on  •  Good  sales  people  enjoy  compe=ng  •  Make  sure  you  have  leader  boards  

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REWARD

COMPETITION

MOTIVATION

STATUS

ACHIEVEMENT

3.  Achievement  •  Dashboards  that  show  progress  •  Es=mators  showing  how  far  to  go  •  Social  Selling  (www.hitquota.com)  

       4.  Status  •  SPIFS  (Special  Performance  Incen=ves)  •  President’s  Club  •  Social  media  chaXer  

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When Incenting Right…

>2x

7%

36% 37%

25%

FASTER REVENUE GROWTH

MORE REPS MAKE

QUOTA

SHORTER SALES

CYCLES

QUICKER SALES

LOWER SALES

TURNOVER

SOURCE:    Aberdeen  Dec  2011  

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