In this episode of The Advanced Selling Podcast, Bryan Neal interviews Chris Dornfeld from WeWhistle about the science and strategy behind effective sales incentives and compensation. Chris shares insights on how companies often overpay to motivate employees, with a significant portion of incentive budgets failing to drive desired outcomes. He emphasizes the importance of rewarding behaviors in a timely manner, advocating for frequent, smaller incentives over less frequent, larger ones. The discussion covers the drawbacks of gift cards and checks compared to cash incentives, the complexities of team versus individual goals, and the limited impact of non-cash compensation like trips on daily motivation. Chris offers practical advice for sales leaders to align incentives with specific behaviors, utilize real-time rewards, and consider automation to enhance motivation and drive better sales results.
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