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C5: Elements of Sales Compensation (Canada)

Learning Options

Elements of Sales Compensation
Certification Course: C5

Take an In-depth Look at Sales Compensation

This basic-level course presents the fundamentals for the design and implementation of sales compensation plans tailored to a company’s business strategy. Emphasis is placed on the special terminology and issues that make sales compensation unique from other incentive plans. Participants are presented with several design options and related information in order to assess which sales compensation approaches may be appropriate for a given company. Participants are also introduced to critical implementation factors including financial modeling of the proposed plan, employee communication and plan assessment over time.

  • Discuss sales compensation rationale, value and uniqueness
  • Identify the key influences to all sales compensation plans
  • Discover the six key components of a basic sales incentive
  • Find out how to introduce a new or revised incentive plan to the sales force
  • Review why sales incentive plans fail and ways to determine if your plan is working properly

Who Should Attend

The course is designed for compensation and sales administration personnel relatively new to the sales compensation field and who are involved in designing, implementing and administering sales compensation plans.

What You Will Learn

Sales Compensation Terms and Definitions

  • The total rewards model
  • The purposes of sales compensation
  • Uniqueness of sales compensation
  • Key sales compensation terms
  • Incentive payment methods

Influences on Sales Compensation Design

  • Drivers of sales compensation design
  • Go-to-market strategy
  • Sales channels
  • Direct sales channel
  • Indirect sales channel

Design Components

  • Eligibility
  • Target cash compensation
  • Pay mix
  • Calculation methods
  • Performance measures
  • Performance and payout arrangements

Plan Refinement and Testing

  • Calculating formulas
  • Quotas
  • Testing through financial modeling
  • Special considerations

 

 

Plan Implementation

  • Plan terms and conditions
  • Plan qualifiers
  • Employee administration
  • Integration with other programs
  • Handling plan changes
  • Employee communications
  • Tracking and payment administration

Assessing Plan Effectiveness

  • Plan evaluation
  • Failing plans
  • Assessing the plan
  • Sample analysis


Credits
CCP: Elective through Dec. 31, 2009 Under Current Certification Requirements (compare current and new CCP requirements)
Recertification: 2 course, .5 Exam
CEUs: 1.5 Course, .3 Exam
CPEs: 16
CPT: 12 points

PHR/SPHR/GPHR recertification hours: 16

Faculty
Course book amendments
Test your knowledge

Consider Bringing This Course to Your Location
This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.

Fees and Registration Registration Policies

Classroom

Course and Certification Exam
2008:
$1,895 CAD*   |  Members $1,270 CAD
2009: $1,810 USD   |  Member $1,220 USD

Schedule/Registration
Course only
2008: $1,790 CAD*  |  Members $1,240 CAD
2009: $1,700 USD*   |  Member $1,130 USD

Schedule/Registration
Course Binder and Exam
About this option
Course binder only
$690 USD  |  Member: $460 USD (plus shipping and handling)
Add to Cart
Course Binder & Computer-Based Certification Exam Package
$1,225 USD*   |  Member $850 USD (plus shipping & handling.)
Add to Cart
Computer-Based Certification Exam Only
$645 USD   |  Member $500 USD
Add to Cart

Please note: If you are purchasing course materials for the purpose of self-study or a computer-based exam, it is recommended that you schedule your exam within 45 days of purchase to ensure the course materials and exam are current. These exams must be completed within one year of purchase. Instructions for scheduling your computer-based exam will be provided at purchase. Learn more at www.worldatwork.org/cbt. Self-study binder purchases are nonreturnable.

Many WorldatWork classroom locations are now offering e-binder technology to participants. For these courses, which include all public education options and several Local Network sponsored events and international events, your certification course binder (and BAII calculator, if applicable) will be available for pick up on site the day of the course. The WorldatWork classroom participants will now have the opportunity to access the course binder electronically for two-day courses, as an e-binder PDF. The e-binder will be accessible two weeks prior to the course start date or upon registration if you register within two weeks of the course.

To help you prepare for your course, please visit www.worldatwork.org/seminars to download course book amendments, view class rosters and to find out what to bring to your class.


For Virtual CourseCast and Virtual CourseCast On-Demand, registrants will receive a course binder no sooner than 5-7 days after registration. The CourseCast On-Demand will become available 1 week after the last course day and access will end 90 days from registration.


**Participants attending from the same computer. Limit three per computer connection. If registering more than one attendee, please contact Customer Relationship Services toll-free at 877/951-9191.
*Join now and receive the best value. This includes both a one-year WorldatWork membership and course registration. Add the course to your cart and then click "Join Now" before proceeding to check out.

 

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