Moral is down and we need to figure out an incentive plan for our sales team every time they have a deal close. This will give them the extra confidence they need to push through activation.
Risk
- It takes months to actually recognize a deal being activated.
- The current average time is 45 days.
- Most deals have free trials for 30 or 60 days.
- Average of 4 months until anything hits the AE’s paycheck
Reward
- one-time payout when sales pipeline deal is marked closed-won
- paid out on next pay cycle (or whatever is easiest for Finance)
Employee compensation based on tier
Tier 1
AEs: $500 one time
BDRs: $250 one time
Tier 2
AE’s: $250 one time
BDRs: $100 one time
Tier 3
AE’s $100