Axtria Releases Annual Incentive Compensation Benchmarking Studies for the Life Sciences Industry
BERKELEY HEIGHTS, N.J., Nov. 16, 2023 /PRNewswire/ -- Axtria Inc., a global leader in award-winning cloud software and data analytics in the life sciences industry, released findings from its annual incentive compensation (IC) benchmarking studies undertaken for the US and Ex-US markets.
- BERKELEY HEIGHTS, N.J., Nov. 16, 2023 /PRNewswire/ -- Axtria Inc., a global leader in award-winning cloud software and data analytics in the life sciences industry, released findings from its annual incentive compensation (IC) benchmarking studies undertaken for the US and Ex-US markets.
- Incentive compensation in the life sciences industry is a form of variable compensation where the earnings of a salesperson are calculated based on a variety of factors, such as sales performance, manager ratings, activity data, and patient-based metrics, among other things.
- Incentive compensation management is the strategic use of incentives to drive sales growth and promote desired behaviors.
- The two studies, viz: 2023 US Incentive Compensation Benchmarking Study and 2023 Global (Ex-US) IC Benchmarking Study, are now available for demonstration and discussion.