Next month, Phone Works will publish the 2010 Compensation Report on sales development (lead generation) and inside sales (quota-carrying) reps, as well as managers. Survey respondents will receive the report first. It should be no surprise that, in most companies, inside sales — selling and qualifying leads by phone and Internet — is a rapidly growing function, given market factors such as increasing customer preferences for online education and communications, increasing cost of sales, and greater focus on sales productivity. If your company is starting up or expanding inside sales or evaluating your sales model, you’ll be interested in the survey results.
Here’s a preview of our findings:
- average target compensation increased 8% for reps compared with last year
- average target compensation increased 5% for managers
- 80% of reps receive some form of incentive pay on closed sales
- average growth, as measured by the number of reps on teams, compared with last year is 47%
- average target compensation is virtually the same for reps compared with last year
- average target compensation increased 20% for first-line managers
- average target compensation increased 5% for senior managers
- average target compensation for hybrid (inside/field) reps is 17% higher than inside-only reps
- average growth, as measured by the number of reps on teams, compared with last year is 30%
Top Three Priorities for Improving Performance
- New technology, tools
- Process improvement
Top Challenges for 2011
- Improve sales effectiveness
- New customer acquisition
- Increase sales productivity
How do the metrics, priorities and challenges reported compare to your team’s? In what other metrics are you interested?
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