Marketing Strategies on Sales Compensations
Q1. Read the below paragraph and write your opinion whether you agree or disagree?
Note: 150 words with intext citations and references must
Compensation determination play key role for any employee since they trade in their time and efforts along with high level skill set which they have tutored over year to get their desired position in their professional career. The compensation have various sections which an individual needs to keep in mind while negotiations with the employer. First it’s very important to apply the apt position which suits the years of experience we hold and the projects we have launched in all the position we came through in the past. Secondly keeping the industry we are in mind is very crucial since that what decides our wage level and it makes it easy to decide a base pay according to the market.
Q2. Read the below paragraph and write your opinion whether you agree or disagree?
Note: 150 words with intext citations and references must
” Sales compensation is the combination of salary, commission, and other incentives to motivate sales reps. Learn our best practices and management tips.” (Xactly, 2019)
Factors Affecting compensation:
Experience Education: more experience and instruction an applicant has, the higher their normal pay. Along these lines, in case you’re wanting to draw in occupation searchers with graduate degrees or over 5 years’ experience, you need be prepared to remunerate likewise.
Industry: Labors with comparative, or even a similar occupation title can expect boundlessly various wages relying upon what industry they’re in. There are numerous purposes behind this disparity – sometimes their work capacity might be basic to a specific industry, or it might just involve one industry being extensively bigger than the others.
Demand & Sales: It’s critical to know about the accessibility of significant ability in the geographic locale where you’re enlisting. In case you’re selecting in a region where the interest for a specific range of abilities and experience exceeds the stock, you ought to hope to pay more to pull in ability.