target audience: TECH BUYER Publication date: Aug 2024 - Document type: IDC Perspective - Doc Document number: # US52537124
The Power of Nonmonetary Incentives for Sales Reps: Why They Matter
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Abstract
This IDC Perspective highlights the significance of nonmonetary incentives in motivating sales reps, emphasizing their role in fostering long-term engagement, building a positive workplace culture, aligning with intrinsic motivations, and encouraging continuous improvement. It argues that while financial rewards are crucial, recognizing and supporting sales reps through recognition, professional development, work-life balance, career advancement, and team-building activities can lead to a more motivated, fulfilled, and high-performing sales team.
"Unlocking sales potential goes beyond cash rewards," says Michelle Morgan, research manager, Sales Force Productivity and Performance at IDC. "It's about tapping into what truly motivates and fulfills your team."