SIRS® Sales Compensation Survey, Medical Devices
The SIRS® Sales Compensation Survey, Medical Devices offers competitive pay information for a select group of sales benchmark jobs in the medical devices industry. In 2007, the survey covered more than 10,000 incumbents from 33 medical devices companies. The survey follows the same format as the SIRS® Benchmark Survey, using benchmarks, levels, and modifiers as the standard of comparison. The report contains two major sections: Benchmark Data (broken out by Product Line and Sales Volume) and General Practices.
Key Features
Benchmark Data
Data is collected for select sales benchmark jobs and is broken out by sales volume and the following product lines:
Primary Product Lines
- Anesthesiology
- Cardiac Rhythm Management (CRM)
- Cardiovascular Surgical Tools and
- Systems
- Clinical Chemistry (includes diagnostic products)
- Coronary Vascular
- Dental
- Endovascular
- ENT (Ear, Nose and Throat)
- Gastroenterology and Urology
- General Hospitals
- General Supplies
- Heart Valves
- Hematology/Pathology/Histology
- ICU/Critical care
- Immunology/Microbiology
- Neurology
- Obstetrics/Gynecology
- Ophthalmic Products
- Orthopedic Products
- Perfusion Systems
- Peripheral Vascular
- Radiology/Imaging
- Respiratory Therapy
- Specialty Surgery
Secondary Product Lines
- Capital Equipment
- Consumables/Disposables
- Durable Goods
- Implantable Devices
General Practices
Data is collected online for the following topics:
- Company/Organization Profile
- Short-term Sales Incentive Plan Design
- Total Compensation Components
- Guarantees and Draws
- Base/Incentive Target Mix
- Individual/Team Variable Pay Mix
- Sales Bonus Buyout
- Car Practices
- Turnover
- Cost-of-Living Differential
- Cellular Phones
- Personal Computers