Compensation Plan Design

Tag Archive for 'Callidus Software'

The Haunted Winchester Mystery House

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I spent last Thursday in sunny California (it probably ended up being a bit colder there than in Ottawa), to attend the Callidus Survive and Thrive: Secrets to Selling More Executive Briefing Series. I had the chance to finally meet Jason Angelos from Accenture and Mark Smith, CEO of Ventana Research in person, as well as Steve Apfelberg, Jock Breitwieser and several other people from Callidus Software I only knew virtually.

Jason’s presentation about trends in Performance Management, factors driving motivation, and best practices was very similar to the webinar I covered here. I’ll let you read that post if you want to refresh your memory Accenture’s point of view on what are the 3 factors driving behavior (Ability, Motivation and Context) and what are the levers to achieve performance objectives.

But this time, Jason started his presentation with a story about the Winchester Mystery House.

Here are a few facts about this Winchester Mystery House:

  • The mansion is located in San Jose, California
  • It took 38 years and $5.5 million dollars to build it (construction stopped in 1922)
  • The house has 160 rooms, 24,000 square foot, 10,000 windows, 2,000 doors, 6 kitchens, 40 bedrooms, 13 bathrooms, 47 fireplaces…
  • 149 builders were involved in its construction
  • No architect were involved and 0 blueprints or master plan were ever created
  • 65 of the house’s doors lead to blank walls
  • 13 staircases lead nowhere
  • 24 skylights are covered by floors

That sounds just like a large scale incentive compensation implementation; the implementation is broken down in many phases with a scope more or less defined, many contractors are involved on the project over its lifecycle, development is often an ongoing effort, the number of components involved often becomes very large and the project can be more complex than anyone had foreseen.

To avoid making a Winchester Mystery house of your implementation, we should learn that we need to plan very carefully before implementing any large scale project. You don’t want your SPM implementation to have ‘staircases’ going nowhere and ‘doors’ leading to blank walls. And you especially don’t want to become an ‘attraction’ for other companies to visit only to see how ‘messed-up’ your implementation is!

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Callidus Software Launches Executive Briefing Series, “Survive and Thrive: Secrets to Selling More

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It’s not in my habit to promote SPM vendor’s events outside of my event calendar, but I wanted to highlight this one because I will be attending the June 18th session in Palo Alto, CA. If you are in Palo Alto on the 18th, it’s not too late to registerLet me know if you are planning to attend, I would be happy to connect in person.

Speakers:
Jason Angelos, senior executive, CRM Sales Transformation, Accenture
Jason Jordan, co-founder of Go To Market Partners
Mark Smith, CEO and executive vice president of research, Ventana Research
Steve Apfelberg, senior vice president, marketing and business development, Callidus Software

When and Where:
– June 10th New York, NY
– June 11th Atlanta, GA
– June 18th Palo Alto, CA
– October 6th Chicago, IL
– October 7th Minneapolis, MN

Register

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A review of Callidus Software’s New MBO Solution: TrueMBO

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Before I left on vacation, I wrote a few posts on Management by Objectives (MBO), but I didn’t have time to post the solution reviews before leaving. I will now resume this series by posting a quick review of one of Callidus Software’s latest on-demand offering called TrueMBO.

As I mentioned in the previous posts, administering the MBO process can be very time consuming. TrueMBO eliminates the need for back and forth e-mails between employees and managers when objectives are being decided upon, and also later when employees are assigned a performance achievement for each objective. It can also be used as a central point to administer MBOs company-wide.

When a manager logs in TrueMBO, he or she will see 3 sections; one section displays the MBO programs currently setup, another is the Inbox section where managers and employees can exchange messages related to MBOs, and the last section is for the many pre-configured and customized reports.

Clicking on the name of the MBO Program opens up a new tab with additional information and options. In this tab, a manager will be able to set objectives for the program, to score these objectives, and to notify the team of their performance. The Organization Hierarchy panel shows the manager’s subordinates. Finally, the Team Status provides the most useful information to the manager by illustrating the MBO phase in which each team member is.

Setting up objectives is also a very intuitive task, where objectives are being given a name and a weight (which must total 100%), and a target payout (how much money is earned if the objective is met). These objectives can also be picked from previously used objectives, or from a library which can be defined by an administrator.

The employee’s interface is even simpler than the manager’s, and provides the employee with the ability to exchange messages with his or her manager, to participate to setting up and accepting their objectives, to approve the ‘scores’ and associated bonus received, and to view various reports related to their performance.

If you are looking for a simple on-demand solution to administer your performance evaluation process, TrueMBO could be the right solution for you. TrueMBO will appeal in particular to companies already using Callidus Software’s solutions because of the possible synergies with the Callidus Sales Performance on-demand applications (hierarchy maintenance, performance calculations, etc), but it can also be used as a standalone MBO solution. TrueMBO is available for 5$ per employee per month until the end of June 2009.

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Webinar: Demystifying the Complexity of Sales Performance Management – Business vs Technology

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February 25, 2009
12:00 pmto1:00 pm

Host: Callidus Software and Arcadia Solutions

In the current economic conditions, many companies are being asked to do more with less resources. Learn how to optimize your Sales Performance program, and:

  • reduce the risk of missing corporate objectives
  • identify critical initiatives that will reduce time and cost
  • identify bottlenecks across technology, business process, and complex compensation plans
  • ensure your compensation plans are effective – focusing on transparency and traceability
  • get the most out of reporting and analytics
  • identify and balance business objectives with technological challenges to reduce your total cost of ownership

Who should attend:

Executives, Sales or Sales Operations Directors, and Compensation Professionals responsible for their company’s sales performance program and are looking to:

  • switch technologies;
  • have just implemented a new platform and are not receiving the forecast ROI; or
  • optimize existing technology

Click here to register

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