West Virginia University

Compensation, Expenses and Quotas

Emily C. Tanner, Ph.D.
Suzanne C. Bal
Michael F. Walsh, Ph.D.

Instructors: Emily C. Tanner, Ph.D.

4,993 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.4

(32 reviews)

10 hours (approximately)
Flexible schedule
Learn at your own pace

Details to know

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Assessments

5 quizzes

Taught in English

Course

Gain insight into a topic and learn the fundamentals

4.4

(32 reviews)

10 hours (approximately)
Flexible schedule
Learn at your own pace

See how employees at top companies are mastering in-demand skills

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Build your subject-matter expertise

This course is part of the Sales Operations/Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 4 modules in this course

This module focuses on sales force compensation. In this segment, we will identify the goals of a sales force compensation plan. We will compare the different viewpoints that managers and salespeople have towards compensation. We will discuss the various steps in developing a compensation plan and identify how managers determine overall levels of compensation for their sales force. We will describe the basic methods used today in compensating the sales force and discuss the pros and cons of each. Finally, we will discuss indirect monetary compensation and its role in sales force compensation.

What's included

12 videos1 reading1 quiz2 peer reviews

This week we will discuss the role of expenses in sales force compensation. We will describe the goals of a sales expense plan and the various issues relating to sales force expense management such as IRS rules and regulations. Finally we will provide a discussion on the importance of providing well defined policies with regard to expense reimbursement. A well-defined sales force expense policy should be used as a tool to aid sales in their efforts to develop and grow customer relationships.

What's included

7 videos1 reading1 quiz1 discussion prompt

This week we will focus on Expense Control. We will discuss alternative methods available to sales managers in controlling sales force expenses. We will discuss the pros and cons of each method. Next we will discuss the use of automobiles as a transportation expense used by the salesforce to travel to their customers. We will evaluate the option of providing a company car for each salesperson to use in their daily contact with customers. If the firm chooses to provide a company car, which alternative is best for the firm: lease or purchase? Finally, we will look at sales transportation costs using the salesperson’s personal vehicle and what type of reimbursement options may be used with this approach.

What's included

8 videos2 readings1 quiz1 peer review

This week our discussion will focus on Sales Quotas. We will define what we term a “sales Quota” and discuss the purpose of sales quotas in measuring sales performance. We will discuss various options in setting sales quotas and evaluate each in terms of its potential benefits and shortcomings. Finally we will assess different approaches to setting quotas such as territory potential, through the use of historical data or a by asking for the salesperson’s own insight into quota estimation.

What's included

8 videos2 quizzes

Instructors

Emily C. Tanner, Ph.D.
West Virginia University
5 Courses31,562 learners

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4.4

32 reviews

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TS
5

Reviewed on Oct 7, 2020

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4

Reviewed on Apr 27, 2019

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4

Reviewed on Aug 22, 2020

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