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Featured Article
Why Don't Your Prospects Want to Talk to You?
We spend a significant amount of our sales and marketing effort on filling the pipeline with prospects and following up with them. With a full pipeline and consistent follow-up, you are bound to make plenty of sales, right? Well, much of the time that's true. Finding the right people to contact, and actually making those contacts, will in many cases produce results. But sometimes, it's not enough.
To close a sale, you need to get your prospective clients to agree to some sort of presentation. It may happen in person or over the phone, take five minutes...
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Bill Weeks is one of the insurance industry’s leading authorities on field compensation and distribution. He has done consulting projects with over 100 companies and 200 positions covering all types of roles and distribution channels. He has been an independent consultant for over 10 years, interrupted by 4 years as Vice President of Sales Compensation for Prudential Financial. At Prudential, he was responsible for all of its sales and sales management compensation plans including its Individual (including Multiple Line), Institutional, and International Divisions. While there, he helped design some 80 new sales and sales management compensation plans. These included a performance based stock incentive plans covering all sales related positions, and another performance based plan covering 16,000 non-exempt incentive employees. While at Prudential, he also served as Relationship Manager between Human Resource’s Corporate Compensation and Prudential’s largest division. As a member of a select design team, he also helped develop and implement a new performance pay plan which revised all compensation for Prudential Financial’s 20,000+ employees. Previously Bill was a regional officer for [the former] Connecticut Mutual Life Insurance Companies. Widely published in a variety of industry and compensation publications, he is a frequent speaker at industry events and compensation seminars. Recent articles include “Levelized Commissions, Revisited” and “The Pending Revolution” (which focuses on the impact of commission disclosure). He has over 25 years of industry experience and holds a Master’s degree from Syracuse University. He lives with his wife, 3 cats and a New Holland Tractor in central Connecticut. |
Random articles by Bill Weeks No one liked the compensation plan design you had prior... Read More >> |
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