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Checklist
Comp Plan Effectiveness Checklist for Banks & Financial Institutions
Last updated 
March 12, 2025
Comp Plan Effectiveness Checklist for Banks & Financial Institutions
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How well are your plans working? Use this straightforward checklist to evaluate compensation plan effectiveness for your teams on variable compensation.

Designing sales compensation plans for banking and financial services teams is complicated, especially with multiple business lines and strict regulatory requirements. If your company has been using the same plan for over a year or two, or if you're worried about its effectiveness in the coming months, use our checklist to see if it’s still working as it should.

Follow our tips and best practices to get the most out of your compensation plans!

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