video1.0<iframe src="https://www.loom.com/embed/0e79db44b303497eb7bab9717f42c502" frameborder="0" width="2304" height="1728" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>17282304Loomhttps://www.loom.com17282304https://cdn.loom.com/sessions/thumbnails/0e79db44b303497eb7bab9717f42c502-b9e0fcc2f011256d.gif564.277In this video, I walk you through the step-by-step process of creating and modifying next year's compensation plans. We cover best practices like duplicating existing plans, updating quotas, and adjusting earnings components to ensure everything aligns with the new fiscal year. I also emphasize the importance of adding new team members and their respective rates, as well as utilizing the modeling tab to test performance scenarios. Please make sure to follow these steps carefully and check all details before finalizing your plans. Let’s ensure we set our teams up for success!