Call them changemakers. Call them rule breakers. We call them Redefiners. And in this provocative podcast, we explore how daring leaders from across industries and around the globe are redefining their organizations—and themselves—to create extraordinary impact in today’s rapidly changing world. In each episode, Russell Reynolds Associates Leadership Advisor Hoda Tahoun and former CEO Clarke Murphy host engaging, purposeful conversations with leaders in and out of the business world who shar ...
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The Art & Science of Quota Setting: Get It Right or Lose Your Team | 30MPC Playbook (Lead)
MP3•Episode home
Manage episode 468691893 series 2782528
Content provided by Armand Farrokh & Nick Cegelski, Armand Farrokh, and Nick Cegelski. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Armand Farrokh & Nick Cegelski, Armand Farrokh, and Nick Cegelski or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
PLAYBOOK TAKEAWAYS:
- Aim for 70% attainment and 70% participation to create a winning culture.
- Avoid feast-or-famine environments where only a few reps succeed.
- Use historical data to set quotas based on pipeline, win rates, and deal size.
- Every quota increase must be backed by an investment in pipeline, win rates, or deal size.
- Revisit quotas once per year, unless there’s a massive skew in attainment.
- Communicate quota changes with transparency and clear justification.
- Avoid high attainment with low participation, which creates resentment and turnover.
- Quota planning should be a business decision, not just a sales decision.
- Keep top reps busy before adding more headcount to avoid diluting pipeline.
- Simple, fair comp plans drive engagement and motivation.
RESOURCES DISCUSSED:
483 episodes
MP3•Episode home
Manage episode 468691893 series 2782528
Content provided by Armand Farrokh & Nick Cegelski, Armand Farrokh, and Nick Cegelski. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Armand Farrokh & Nick Cegelski, Armand Farrokh, and Nick Cegelski or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
PLAYBOOK TAKEAWAYS:
- Aim for 70% attainment and 70% participation to create a winning culture.
- Avoid feast-or-famine environments where only a few reps succeed.
- Use historical data to set quotas based on pipeline, win rates, and deal size.
- Every quota increase must be backed by an investment in pipeline, win rates, or deal size.
- Revisit quotas once per year, unless there’s a massive skew in attainment.
- Communicate quota changes with transparency and clear justification.
- Avoid high attainment with low participation, which creates resentment and turnover.
- Quota planning should be a business decision, not just a sales decision.
- Keep top reps busy before adding more headcount to avoid diluting pipeline.
- Simple, fair comp plans drive engagement and motivation.
RESOURCES DISCUSSED:
483 episodes
All episodes
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