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Announcing Sales Recruiting 2.0 – How to Find Top Performing Salespeople, Fast

EXCITING NEWS: We are about to launch our latest book, SALES RECRUITING 2.0 – How to Find Top Performing Sales People, Fast

That’s half of today’s news. We are putting on a FREE 30 minute, high impact workshop to preview the advice and insight in the book.

If you are a sales manager or business leader who is serious about:
• building HIGH PERFORMANCE SALES TEAMS
•  consistently achieving BIG SALES TARGETS
•  getting 100% OF YOUR REPS AT TARGET, and
• getting to 0% TURNOVER on your team
…then this workshop is for you

PROVEN SYSTEMS: Peak Sales® Recruiting Partner, Blogger and Author, Eliot Burdett brings more than 20 years success in building companies and sales teams. In this presentation, he will share systems that work: they are applied to successfully find hundreds of top performers for Peak Sales® customers each year.

We have a limited number of spots available for this event so sign up early to secure your space.

WHEN: Join us on Thursday May 27th at 11:00 EST to discover how you can apply these approaches to build better sales teams that drive bigger results.

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Eliot Burdett

CEO at Peak Sales Recruiting
Before Peak, Eliot spent more than 20 years building and leading companies, where he took the lead in recruiting and managing high performance sales teams. He co-founded Ventrada Systems (mobile applications) and GlobalX (e-commerce software). He was also Vice President of Sales for PointShot Wireless.Eliot received his B. Comm. from Carleton University and has been honored as a Top 40 Under 40 Award winner.

He co-authored Sales Recruiting 2.0, How to Find Top Performing Sales People, Fast and provides regular insights on sales team management and hiring on the Peak Sales Recruiting Blog.

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What Top Sales Reps Do Outside of the Office

After a few years of managing high achieving salespeople, I noticed that there are key differences between the best sales reps and the rest in how they conduct themselves. One of the most noticeable differences is what they did outside of the office.

Simply put, the top performing reps kept working while the majority of reps, come 5pm, would leave the office and not touch any work until 9am the following morning. While unplugging at the end of the day isn’t necessarily a bad thing, I noticed the best reps were unique in the sense that they did at least one and usually all of these 5 things outside the office.

  1. Watch their email and voicemail – the best reps operate with the highest sense of urgency. They accept the credos to “strike while the iron is hot” and that “time kills deals”. They don’t leave anything to tomorrow if it can be done today. At night, they’re watching for messages from prospects, and checking for updates on deals. They understand the importance of momentum and respond to all communications within five minutes, literally 24/7.
  2. Planning – the best sales reps don’t plan their day in the morning, they do so in the evening prior. They review their daily activities and identify what goals have been met and are still outstanding. They scrutinize these activities and identify the ones that best contributed to achieving their goals. They use this information to help set priorities and schedule for the coming day so they can get up early and hit the ground running.
  3. Personal development – on-the-job training is critical but oftentimes there are additional skills that can only be acquired during personal time. Whether spending time with a mentor, researching online or reading books, the best sales reps spend considerable time working to make themselves better professionally and personally.
  4. Rest – it takes an immense amount of energy to actively hunt and close new business. The highest achieving sales representatives understand that getting a sufficient amount of rest is critical in maintaining their edge. Whether playing sports, going to a museum, enjoying down time with family or catching up on much needed sleep, top performers make sure to recharge the batteries to get the fuel they need to be successful.
  5. Keep their commitments – Trust is a key factor in selling success and the best reps understand that staying true to their commitments extends outside of the boardroom. High achievers work hard to be able to over deliver on their promises and often it takes work outside regular business hours to make this happen.

Success is seldom accidental – the best sales representatives have just as much discipline and commitment to achieving their goals when they’re not in the office as when they are.

To your success!

Photo by Joshua Earle.

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Connect:

Eliot Burdett

CEO at Peak Sales Recruiting
Before Peak, Eliot spent more than 20 years building and leading companies, where he took the lead in recruiting and managing high performance sales teams. He co-founded Ventrada Systems (mobile applications) and GlobalX (e-commerce software). He was also Vice President of Sales for PointShot Wireless.Eliot received his B. Comm. from Carleton University and has been honored as a Top 40 Under 40 Award winner.

He co-authored Sales Recruiting 2.0, How to Find Top Performing Sales People, Fast and provides regular insights on sales team management and hiring on the Peak Sales Recruiting Blog.

Connect:

Hire Your Sales Dream Team: Tips From The Experts

Sales Recuiting Tips from the Experts

Achieving big sales is no easy feat and doing it consistently is rare. A significant piece of the sales management success recipe and one of the most challenging aspects of driving superior sales results is hiring the the right sales people.

We extracted what the top sales experts had to say on sales hiring and building a high performance sales force. Their wisdom and insights bring stunning clarity for anyone interested in hiring the right sales people.

Engage Selling

Colleen Francis @engagecolleen

“You say it to your sales team all the time: “ABC. Always be closing.” Well, as a sales leader, I’d recommend that you adopt a slightly different mantra for yourself: ABR: Always be recruiting. Many sales managers settle into complacency when their team is performing well, or recruiting falls by the wayside when there’s too much else on their plates. But in reality, it’s essential to constantly have recruiting on your to-do list.”

Source – Recruiting Great Salespeople

 

Cameron HeroldCameron Herold @CameronHerold 

“When you’re hiring – HIRE.  Business is a full contact sport.  Don’t ‘hope’ great people join the company.  If you have them in your sights – land them.  NOW.”

Source – Don’t Make This Mistake

 

Miller Heiman Joe Galvin @joegalvin 

“World-Class Sales Organizations recognize the value of the talent they acquire and the importance of continued development. They have a core competency in identifying and hiring talent that will thrive in their environment. They also recognize that professional development is crucial to improving sales performance and helping them retain the best people.”

Source  – Talent Management : Making Good Better

 

20 GarhardGerhard Gschwandtner  @gerhard20  

“How can sales leaders mitigate the danger of making an unwise hiring investment? One of the best ways to find out what’s really behind a stellar resume and great interview skills is to talk with people the rep has actually worked for or with.”

Source – Stop Hiring the Wrong Sales Rep

 

Konrath JillJill Konrath @jillkonrath

“Many people are under the mistaken belief that salespeople are born, not made. I wholeheartedly disagree – and I speak from personal experience. I’m an introvert who initially detested salespeople and their manipulative techniques.”

Source – Interview Questions

 

Stein DaveDave Stein @davestei

“I insist on background checks for sales (and any other) candidates. I don’t care how much they’ve sold, whom they worked for, who recommends them, and how well they do during the recruitment and selection process.”

Source – I’ll Never Make That Hiring Mistake Again. Ever.

 

Bertuzzi Trish Trish Bertuzzi @bridgegroupinc

“Hiring great Inside Sales reps has never been harder. Increased competition for top talent and supply lagging behind demand means that when we land that great rep we have to make their experience with us outstanding! It is as much about retention as recruitment, right? Sales and Marketing leaders are making a strategic investment in their hiring process and then undermining it with a tactical on-boarding process.”

Source – 8 Key Ingredients in Hire- Revenue On-boarding

 

Barry Trailer & Jim Dickie @BarryTrailer & @jimdickie Trailer Barry  Dickie Jim

“A question we should be asking and answering honestly is, “Are the people we have in sales today here because of what we did for them over the past two years, or in spite of what we did for them?” If you cannot tick off a half-dozen things you did to enable sales reps to sell in tough markets—increased levels of sales ready leads, on-demand and improved training, access to new sales tools, etc.,—you may have created an environment that will make your experienced, productive reps ready to consider alternative jobs when recruiters start calling.”

 

James GeoffreyGeoffrey James @Sales_Source 

“Study your best employees to determine the characteristics that differentiate them from the average ones. Find out what drives your best people to be the best. Discover which talents and skills are crucial to success in your unique business environment. Then create interview questions that will reveal whether the candidate can be exceptional in your specific organization.”

Source – How to Hire Extraordinary Employees – 7 Rules

 

Alexander GregGreg Alexander @GregAlexander 

“Top sales candidates are discerning. To land them, you have to know what turns them off. If they encounter certain signals, they may cross your company off the list. The hiring process contains many factors- any one of which could be negatively perceived. Then you lose the candidate.”

Source – Why Top Sales Candidates Bail From Your Hiring Process

 

Suster MarkMark Suster @msuster

“Sales people are sales people. They are the lifeblood of many companies yet they are different than the traditional technology start-up DNA so the ways that you hire, motivate, compensate and assess performance of these individuals will be different.”

Source – Helping Start-Ups Understand Salespeople and the Sales Culture

 

Ross AaronAaron Ross @motoceo

“Follow a multi-step process. It will keep you sane, ensure you don’t make dumb mistakes, and create a better experience for everyone involved – candidates, you and your team.  Most importantly, it can help you avoid impulsive / impatient hiring.”

Source – A Neat Recruiting Process Paul Fifield of Ceros Used to Hire Sales Stars & Speed Up Results

 

Zoltners AndyAndy Zoltners @ZSAssociates

“When it comes to hiring sales talent, most companies prefer to “buy” instead of “build.” But experience alone is not a sufficient predictor of who will be successful in a sales role. You can develop competencies with the right training, mentoring, coaching, support, and motivation programs. But to get characteristics, you have to hire the right individuals. In the words of one sales leader, “You can’t send a duck to eagle school.” According to another, “Although you can teach a turkey to climb a tree, it’s much easier to hire a squirrel.”

Source – In Sales hire For Personality , Then Train for Skill

 

Adler LouLou Adler @LouA  

“When writing job postings and emails, capture the magic in the job by emphasizing what the person will be learning and doing and what he or she could become if successful. This is how you attract the best people.”

Source – How to Write Job Postings that Compel the Best to Apply

 

Young ChrisChris Young @theRainmaker 

“Many small to mid-sized companies live in “La-La Land” when it comes to hiring salespeople.  They hire from the gut until they are forced by competition or frustration to hire quality sales talent on a consistent basis.”

Source – What Bad Sales Hiring Decisions Really Cost You

 

Salz LeeLee Salz @SalesArchitects

“Think you just hired a great salesperson? You didn’t. You hired a salesperson with the potential to be great on your sales team. That potential is only achieved when a structured on-boarding program is in place.”

Source – Sales Onboarding and Enablement For Your New Employees

 

Sales BenchMark IndexDan Perry @DanPerrySBI

“Hiring ‘A’ players is difficult.  But the reward is worth the pain.  We estimate the cost of mis-hiring can range from $150,000 to $750,000.  Using a defined method for hiring reduces this pain to hire.   And don’t reinvent the wheel. Use a proven method for your hiring process.”

Source – The One Thing You Cannot Skip When Hiring an “A” Player

 

Mache ChuckChuck Mache @chuckmachecomm 

“Define your value proposition. Why should someone consider working for your firm? The better candidates have options these days, so you need to determine how to differentiate your firm from the competition. Can your firm pass the comparison test?”

Source – 5 Essentials for Recruiting Success

 

Werth JacquesJacques Werth  @JacquesWerth

“In most of the companies that I have managed, or consulted for, the top 5% percent of sales producers sold upwards of 35% of all revenues. Thus, *hiring* just one more super-star is worth the fee of a head-hunter that knows the industry. Before they are hired, get a behavioral profile to be sure that the salesperson will be entirely compatible with the company’s culture. On average, the performance of the candidates that were profiled and hired have been upwards of the top 85% of the sales force.”

Source – What have you found to be the best methods for finding superstar salespeople?

 

Shane GibsonShane Gibson @shanegibson 

“Organizations that really have their sales performance strategy together will be driving forward with both training and coaching working synergistically. Each plays an important role in maintaining competitiveness, motivation and retaining star players.”

Source – Sales Training VS Sales Coaching OR Cut Them Both?

 

Lee KendraKendra Lee @KendraLeeKLA

“Do your homework. Salespeople are a big investment. Even a great performer who hits the ground running is going to take up a certain amount of your time and available cash. With that in mind, don’t skimp on relevant background information like skills assessments, references, W2s, and even outside interviewers.”

Source – How Many Salespeople Do You Have to Hire to Find the Right One?

 

Robertson KelleyKelley Robertson @Kel_Robertson

“It is not uncommon for sales managers to race through the recruiting process in an effort to quickly hire someone because they need a rep in place. After all, hiring reps is seldom a task that managers enjoy. In these situations, managers focus on the positive aspects of the applicant and neglect to see their possible shortcomings. This often leads to “hiring remorse” once they discover that the rep is not entirely suitable.”

Source – 15 Hiring Mistakes for Sales Manages to Avoid

 

Hart GaryGary Hart @SalesDuJour

“Sales people are money machines. Without sales you have no company. You need good salespeople. And like good technology and equipment, good sales people cost money. Focus on the big pictures, your vision to be a successful company. Build a top performing sales team. Build a money machine. Build it wisely with an intelligent compensation package and give the support they need to be the best sales team in your industry.”

 

Richardson LoriLori Richardson @scoremoresales 

“Keep assessment tools in mind when hiring – they are getting easier and are less costly with quicker results and a very high rate of accuracy.”

Source  – Listen to Your Gut : Statistics in Sales

 


Toman Nick
Dixon MattNick Toman & Matt Dixon @nick_toman & @matthewxdixon 

“Here’s an idea to consider: what if I told you that the best salespeople for today’s complex sale are currently employed as teachers, engineers, or other knowledge workers? In fact, they have no inclination towards sales, but they love to share ideas, they love to challenge others’ thinking, they love to see the outcomes of their work, and help others. What if I told you that those characteristics rarely co-exist in the candidates you’re currently screening who are opting into sales roles? Would you believe me? It kind of gets you thinking doesn’t it?”

Source – 10 Trends Every Sales Exec, Leader and CEO Must Know for 2013

 

Adamson BrentBrent Adamson @brentadamson

“In a recent survey most sales leaders reported that only two-thirds of sellers in their organizations have the potential to adopt insight selling behaviors. When you couple this with the issue of an aging sales force, hiring quality sales talent has become a pressing issue for most organizations. However, before you even get started on hiring Challengers, you first need to encourage them to apply. Most sales organizations’ job postings today fail to attract Challengers as they do not reflect the right skill sets or employee value propositions that attract candidates with Challenger potential.”

Source – Want to Hire Challengers? Redesign Your Job Postings

 

Hoffman Jeffrey M.MJ Hoffman @mjhoffman

“I always ask for reference checks, but never of people who they worked for or with. Rather, I ask for references from people they closed. I will ask for the names and numbers of three people they closed in the past year to find out what type of sales person the candidate is. I have never had a hire who gave me customer references and a history of achievement who didn’t end up being a great hire.”

Source – Strictly Sales : Hiring Top Sales Talent and Advice on Entry Level Sales Jobs

 

Rosen KeithKeith Rosen @KeithRosen 

“Ironically, the very thing which has been proven time and time again to have the greatest impact on people’s motivation, trust, commitment, loyalty and work ethic is what people want most, even more than money. That is, recognition, acknowledgement, being part of something, being included, having a purpose; even more responsibility around something they value and feel is important to the company and to themselves. There’s no reason to be stingy with our acknowledgment.”

Source – Motivating People Through Specific Supportive Praise

 

Riesterer TimTim Riesterer @TRiesterer

“What you need is a bit of excitement or sizzle in your sales training and on-boarding curriculum. Salespeople are very emotional. They love to be fired up. They took a new job for something fresh. Give them a new set of skills that will challenge them and get them engaged with telling your story right away.”

 

Ruff RichardRichard Ruff @saleshorizons 

“One of the main reasons top sales performers leave organizations is the lack of opportunities for personal development. This is particularly true among younger sales professionals in the Millennial generation.”

Source – Are You Coaching You Tops Sales Reps?  – An STC Classic

 

Hopkins TomTom Hopkins @TomHopkinsSales

“In the first year of employment, the most common reason for turnover on a sales team is that expectations are not met. Either the salespeople quit or you let them go. On-boarding helps to minimize those instances, which impacts both the top and bottom line of the company.”

Source – 9 Results you Can Expect From Sales Onboarding

 

Weinberg MikeMike Weinberg @mike_weinberg

 “One of the best ways to improve your interviewing results is to team up with someone with a complementary (read opposite) personality and approach. Partner up with someone you trust who is more analytical and less trusting than you are. While one of you asks questions, the other observes, takes notes, and then asks follow up questions. You will be amazed at what you uncover.”

Source – Stop Fooling Yourself into Bad Sales Hire (Guest Post From A-Player Talent Guru)

 

Duncan ToddTodd Duncan @toddstweets

“My experience as a recruiter and leader of sales professionals has taught me that your vision must be the centerpiece of your recruiting strategy. Vision highlights your long-term strategy as it relates to culture, key areas of development and major goals. Focusing your recruiting message on your vision and finding loan officers that are a match for your long-term strategy (rather than benefits alone) will decrease employee turnover and quickly connect new team members to your branch’s overall purpose.”

 

Heinz MattMatt Heinz @HeinzMarketing

“When hiring a new sales manager, it’s easy to gloss over a candidate’s resume and LinkedIn profile and get excited about his or her past experience. But hidden in most resumes and online profiles are red flags that can eliminate candidates before the interview process even begins.”

Source – 5 LinkedIn Tips to Hire Better Sales Managers

 

Waldschmidt DanDan Waldschmidt – @DanWaldo

“Hire for attitude and fire sales executives who don’t “get it”.  Make new hires interview with your entire team.”

Source – How to Avoid Hiring Super Star Sales Losers

 

Shamus BrownShamus Brown @ShamelessShamus

“Don’t hire sales people too early.  In the early days, the founders should be able to sell (and should be selling).  Don’t hire several sales people at once.  Your goal is to figure out the “pattern” of what kinds of people are best based on what you’re selling and who you’re selling it to.  You need some feedback from the system so you can continue to iterate on your hires.”

Source  – Building Start-up Sales Teams: Tips for Founders

 

Slayton DoyleDoyle Slayton @SalesBlogcast

“Studies show a quarter of salespeople shouldn’t be involved in selling at all, and almost half should be in a different type of sales. It’s tough to tell salespeople apart when so many look similar from the outside. Resilience is one of the biggest factors in a hunter’s success. The best way to determine resiliency is to have the candidate demonstrate the skill.”

Source – Sales Thoroughbreds: The Key to Winning New Business

 

Blount JebJeb Blount @SalesGravy

“Choose your recruits carefully – make sure they are a “fit” for direct selling. Don’t compound the bad reputation of MLM companies by “recruiting” anyone who breathes. Select people carefully who really are a good fit for that business model. You will reduce your headaches by choosing people who are outgoing, self-starters, and have a track record of success.”

Source – 3 Ways to Rocket Forward in Sales

 

Rosenberg CraigCraig Rosenberg @funnelholic

“The people make a sales team. Process supports them, but human execution is the key factor. Even if I am at a large organization, I want my team to be disruptive, admired and remembered for over-achievement. That means I have to assemble a team of “A” players.  The “Andreessen Three” as I call them have become my guiding principals.”

Source –The 3 Keys to Hiring Success: Thank You  Marc Andreesse

 

Daly JackJack Daly @ironmanjack

“Prepare the desk, chair, computer, supplies and tools well before the new hire arrives. Save the HR paperwork for a few days and instead adorn the space with balloons and greeting cards from the rest of the team. A lunch celebration, and maybe even a welcome bottle of wine or suitable gift from the boss, is sure to add to an amazing first day memory that will get the employment journey off on the right foot.”

Source – How New Employees Succeed From Day One

 

Altschuler MaxMax Altschuler  @MaxAlts   

“It’s always good when you find somebody who has a chip on their shoulder and they can use it in the right way. You want that hunger without the vengeance though. The best sales people and entrepreneurs are those who came from nothing, with that chip on their shoulder, and have nothing to lose and everything to prove.”

Source – How to Network Like a True Sales Hacker with Max Altschuler

 

Barrows JohnJohn Barrows @johnmbarrows

“Harvard did a study a while back on the characteristics of great sales professionals, interviewing the best ones in the country and their hiring managers. One of the characteristics they identified was ‘impeccable honesty.’ This might seem at odds with most non-sales people’s perception of “sales reps” but it is absolutely necessary to be truly successful in this great profession.”

Source – Impeccable Honesty

 

Bellah ButchButch Bellah @salespowertips

“Check references-I am continually surprised at how many people don’t bother to check references. ALWAYS check. Even if the other party requires a request in writing for legal reasons, do it.”

Source – Power Tips for Hiring Superstars

 

Brock DaveDavid Brock 

“If ever there was a time to be prepared, if ever there was a time for a top notch sales call plan, it’s in the interview process. So that’s why I ask for their sales call plan. If they haven’t thought enough to prepare for the most important sales call they could make, what are they going to do in their job for me? Are they going to prepare, are they going to be impactful?”

Source – Can You Show Me Your Plan For This Interview?

 

Brown HowardHoward Brown @howardbrown 

“Being able to pitch well doesn’t necessarily make a sales rep great. The best inside sales reps are terrific at listening to prospects’ pain points and understanding them before launching into a sales pitch. That means that often the best sales reps are the ones who talk the least. As a litmus test, see if reps just talk about themselves during an interview or if they ask questions and listen intently to your answers.”

Source – 5 Inside Sales Hiring Tips for Growing Companies

 

Calvert DebDeb Calvert @peoplefirstPS

“In hiring front-line sellers, organizations may flounder and fail when hiring practices are left up to a single department. Sales Managers frequently take short cuts. Recruiters and HR Business Partners often miss the mark because it’s challenging for them to assess selling skills. When selection responsibilities reside with one or the other department, costly mistakes are made.”

Source – Improve Your Sales Hiring with a Shared Selection Process

 

Caskey BillBill Caskey @billcaskey

“Sales vets who seize the power of the new technology are willing to adapt it for her use – get her on the phone. If a sales veteran has a track record of learning and adapting their skill set to the current reality, give them a chance.”

Source –Addressing a Prior Post On Hiring Seasoned Vets

 

Cohen ElayElay Cohen @elaycohen

“A great best practice I witnessed was making hiring a team sport. Have multiple members of a sales team interview a prospective new sales candidate. Give everyone on the team a role in the hiring process and an area to go deep and investigate.”

 

Farrington JonathanJonathan Farrington @topsalesworld

“The aim of the decision making process is to rank the candidates on the best balance of all the requirements. What is the best method of achieving this objective? Quite simply, straight overall comparison between candidates, the total score for the weighted profile and the results of any scientific assessment from psychometric tests.”

Source – How to Recruit and Select Successfully

 

Feigon JosianeJosiane Feigon @josianefeigon

“Finding good talent is getting harder – especially with the growing demands of the inside sales role. If you’re looking for your next sales superhero, then you need to be asking the right questions that get you deeper into the candidate’s character and reveal their secret identity.”

Source –25 Superhero Questions

 

Hunter MarkMark Hunter @thesaleshunter 

“Allow the candidate to control the conversation so that you can get a feel for their communication skills.  Ask open and general questions to see how the candidate volunteers information.   One item I’m looking for is not only the type of questions the candidate asks me as the interviewer, but also the number of questions they ask.  This reveals the level of pre-work they’ve done prior to the interview.”

Sources – The right Approach to Find the Right Salespeople

 

Keating SteveSteve Keating @leadtoday

“If your people feel, even a little bit, like they are merely the objects you use to build your own success then they will not commit to you or your organization. That’s why it’s so incredibly vital that you show them how important they are as people. Not only as employees, not only as “team members” but as individual people.”

Source – Ordinary Leadership Mistakes

 

Marsh BobBob Marsh  @bobmarsh5

“Social matters when recruiting and hiring. When a savvy sales manager goes to hire a salesperson, they’ll check the candidate’s social media channels to monitor activity. They’ll not only look at the quality of the content posted and the frequency of how often that person engages, but will also consider their influence.”

Source –What Has Changed in Sales? The Sales Manager

 

McCord PaulPaul Mccord @paul_mccord

“Recruiting top talent doesn’t happen overnight and doesn’t come easily—even for the top companies.  Unless you are willing to offer a phenomenal package, recruiting the top sales talent requires building relationships that lead to bringing the individual into your company.  Sometimes, when the employment gods are particularly kind, this process can be almost immediate.  More often, the process requires time, patience and effort.”

Source – Boost Your Sales: “Establish a Recruiting Program to Bring on Top Sales Talent” by Paul McCord

 

Ostrow PeterPeter Ostrow  @peterostrow

“Much as popular athletes and movie stars are often forgiven for bad behavior, superstar salespeople often seem immune to the professional standards to which the rest of us are held accountable. Is this the right way to manage our revenue stream? Does it optimize the customer’s experience?”

Source – Would You Fire a High Performing Sales Jerk?

 

Riggs KellyKelly Riggs @kellyriggs

“Struggling sales managers often develop three core beliefs, which, as it turns out, are really three big lies. 1) You can’t find good people. 2) I can improve our sales Performance by working harder, 3) I don’t have time for training. First off, there are plenty of good people out there; plenty of top-quality, high-performance candidates that could dramatically impact your team’s performance. However, you don’t have a process for identifying and hiring those players – or you wouldn’t recognize them if they glowed – so you never seem to hire great players.”

Source – Sales Managers’Three Big Lies

 

Krogue KenKen Krogue @kenkrogue

“Before you hire your first employee, identify a “success profile,” a list of characteristics that will make a successful part of your sales team. Hire only people that match your success profile.”

 

Schiffman StephanStephan Schiffman

“I have been working the best ways to recruit the best sales people for small to mid-sized companies, and have discovered in that effort why people do not stay even after they are hired, trained and begin working. Retention seems to be the biggest problem although it is usually blamed on the hiring process.  There are several factors sales people are faced with once the smaller company hires them. The new hire needs to deal effectively with these factors or they will not stay, so if you can find a way to overcome some of these you might be better off than trying a million hiring techniques.”

Source  – Sales Alert: How Do You Recruit the Best Sales People for Your Company?

 

Seley AnnekeAnneke Seley @annekeseley

“If you are building a new inside sales team or expanding an existing one, you know that recruiting good people can feel about as easy as qualifying for the Olympics. Given today’s challenging market for senior reps, it can take months of recruiting time to lure someone with this ideal background. You can spend the time, compete for the same reps as everyone else… or you can get creative. Consider this alternative: Hire a recent college graduate with a sales degree.”

 

Shore JeffJeff Shore @jeffshore

“Start recruiting before you need to hire. The time to look for new talent is long before you have a gaping hole in your organization. Look for new recruits as a part of your regular routine, not as the rare exception to the norm. This simple habit helps you avoid the dreadfully painful experience of hiring substandard talent because you ran out of time to properly recruit a rock star.”

Source  – 10 Steps for Hiring Your Next Rock Star

 

Wortmann CraigCraig Wortmann  @craigwortmann

“Hiring a professional salesperson too early is like pressing Go on a GPS without first entering an address. How can you expect someone to take you to your destination when you’re not even sure where you’re going yet? Entrepreneurs generally have good reasons for hiring professionals. They don’t like to sell themselves. They need time to work on the company. They figure professionals have special secret sales-guy moves. But if the product and the sales strategy are still in flux, a professional can do more harm than good.”

Source – Don’t Hire Salespeople Yet.

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Eliot Burdett

CEO at Peak Sales Recruiting
Before Peak, Eliot spent more than 20 years building and leading companies, where he took the lead in recruiting and managing high performance sales teams. He co-founded Ventrada Systems (mobile applications) and GlobalX (e-commerce software). He was also Vice President of Sales for PointShot Wireless.

Eliot received his B. Comm. from Carleton University and has been honored as a Top 40 Under 40 Award winner.

He co-authored Sales Recruiting 2.0, How to Find Top Performing Sales People, Fast and provides regular insights on sales team management and hiring on the Peak Sales Recruiting Blog.

Connect:

Skill Sets Only the Best Sales Managers Possess

A recent Gallup poll found that 82 percent of the time, companies fail to choose the candidate with the right talent for a management position. The research looked at managers for a wide range of industries, and in a wide range of roles and found the data was fairly even across the sample. “If great managers seem scarce,” Gallup writes, “It’s because the talent required to be one is so rare.”

The key attributes a top performing manager possesses includes the ability to engage team members and customers, a knack for keeping high achieving staff from leaving for another employer, and the ability to create a culture that embraces high productivity.

In sales, managers are responsible for key metrics that drive a business forward. Getting the right person who can consistently meet and exceed the position’s expectations can make or break whether an organization achieves its revenue goals.  So what makes a great sales manager?

Here are 3 of the top sales management skills:

1. Ability to Engage the team

Many attributes of great managers and inspiring leaders are difficult to measure, but a group of neuroscientists at the Cleveland Clinic Foundation are beginning to work on ways to discover how our brains are wired when it comes to leadership. An article in the Ivey Business Journal titled Neuroscience and the Link between Inspirational Leadership and Resonant Relationships outlines initial findings of tests they conducted. Executives volunteered for functional Magnetic Resonance Imaging (fMRI) tests to see how their brain centers would activate on hearing statements about feelings and episodes they’d had at work. The testing revealed that resonant leaders had the ability to unlock the part of our minds that are open to new ideas, while dissonant leaders actually deactivate the part of our mind that accepts new ideas.

Demonstrating that we are hard wired to be inspired by optimism and repelled by pessimism gives us a good starting point for identifying potential leaders and managers. Peak’s experience having recruited high performing sales managers over the years tells us that some managers can seem fantastic on paper, but they may also be loners or less inspiring as managers. Companies that place an importance on hiring great managers recruit master motivators who boost a team’s confidence during sales slumps and rally them to work together in the pursuit of profit— and fulfilment. Our experience in the field tells us that it’s easy enough to train an employee who has the right personality on how to do the job – but almost impossible to make an uninspiring manager alter his personality.

2. Ability to Retain Employees

Hiring an inspiring, motivating manager is the first, and arguably the most important, step in retaining top performing sales people. Gallup’s research revealed that managers account for at least 70 percent of variance in employee engagement scores across business units. “This variation is in turn responsible for severely low worldwide employee engagement,” notes the article, adding supporting statistics from other Gallup research which states that only 30 percent of U.S. employees are engaged at work, and only 13 percent are engaged worldwide. Mangers who can engage employees will have a much better opportunity to retain them when recruiters start calling.

Retaining employees, particularly in sales positions, requires more than just a good manager. As a recent report by the Society of Human Resources Managers found, it’s easier to retain employees who become embedded in their jobs and their communities. This supports Peak’s own experience in recruiting sales people for marquee employers.

Employees find it difficult to leave a job where they have friends and mentors, where they feel they fit well, and where they feel valued. A world-class manager will foster all of these traits within their team, but it’s also important to have corporate support all the way around – great manager’s work hard to rally for all the extras the sales team might need in order to foster a greater sense of belonging in team members. They try to get more budget for team building outings, for example, or better funding for team meals and entertainment.

Successful sales managers also know when to reach out to leaders within the company to help retain an employee – for instance working with HR to develop better incentive packages for top performers. And, following the old adage, if you love something, set it free, a good manager knows when it’s time to move a top performer up the ladder rather than out the door.

3. Ability to Create a Positive Work Culture

While it’s important for a manager to successfully oversee the large issues associated with managing a sales team, it’s a manager’s ability to successfully and consistently manage the everyday issues that will determine the long-term success of both the manager and the sales team. The Gallup poll outlines the mix of abilities a manager should possess in order to rally a team day-by-day. These managers have the ability to motive and they have an assertiveness to drive outcomes. They create a culture of accountability that’s easy to understand, and they build relationships with employees, co-workers and clients that foster an open dialogue. Finally, they make decisions based on what’s good for the company rather than what’s politic at the moment.

This is absolutely consistent with our own experience. The right culture leads to the right results and sales managers that understand this and can cultivate the environment for success are the exception to the rule.

It’s a tall order to find a manager who can shoulder the responsibilities that make a team excel, but there is hope. Gallup’s research showed that for every one manager in ten who possesses a natural talent for managing, there is another two people in ten who can function at a high managerial level if given the right kind of coaching and training. And with the right recruiting engine, these are not insurmountable odds.

Want more information on how to hire top performing sales managers? Check out these posts:

Useful Resources For Sales Managers:

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Eliot Burdett

CEO at Peak Sales Recruiting
Before Peak, Eliot spent more than 20 years building and leading companies, where he took the lead in recruiting and managing high performance sales teams. He co-founded Ventrada Systems (mobile applications) and GlobalX (e-commerce software). He was also Vice President of Sales for PointShot Wireless.Eliot received his B. Comm. from Carleton University and has been honored as a Top 40 Under 40 Award winner.

He co-authored Sales Recruiting 2.0, How to Find Top Performing Sales People, Fast and provides regular insights on sales team management and hiring on the Peak Sales Recruiting Blog.

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Hiring Salespeople: A Core Process You Must Perfect

Effective Sales Hiring Tips

If you haven’t built a team of highly qualified and skilled sales professionals, don’t waste your time and money investing in sales processes, training, compensation plans, technology, marketing support, or strong products and services.

Depending on the industry, somewhere between 20 and 33 percent of salespeople aren’t capable of being successful at their jobs. It’s a frightening statistic, but scarier still is understanding that a bad hire—a salesperson who lasts less than a year—can cost your company anywhere from $250K to $800K (or more), including lost business opportunity.

In today’s hyper-competitive buyers’ market, “mis-hiring” has become an epidemic, forcing sales leaders to rethink their approach to hiring. They have learned, all too painfully, that yesterday’s hiring methods no longer apply. These lessons include:

  • A salesperson with a past record of stellar performance won’t automatically perform in the future.
  • Accuracy in salespeople’s resumes has declined, so rigorous reference checking is required.
  • A candidate who interviews well enough to get the job may not be good enough to deliver the numbers after they are hired.

To change the mis-hiring paradigm, many sales leaders are casting aside their informal, gut-instinct approach and building high-performance sales teams by implementing a formal hiring process.

A formal process provides an objective assessment of each candidate, which is one of the most critical success factors in hiring.

Key elements of an effective sales hiring process include:

1. Forming an internal hiring team comprised of multiple stakeholders. For a small company, those stakeholders might include the CEO, VP of sales, and VP of marketing. A larger company might enlist the regional VP of sales, HR representative, and local sales manager.

2. Stakeholder agreement on how the position and company will be described to the candidate. Hiring is a balance between buying (candidates selling themselves) and selling (convincing the candidate to join your team). Highly qualified candidates are more likely to join your team if everyone they meet articulates a consistent story.

3. Establishing a benchmark against which the process will be measured. Data points might include the average salesperson’s performance against quota, their average tenure, the time to first sale, etc.

4. Building a profile for each unique sales position that defines the critical skills and traits required for success. Each skill and trait should be prioritized and scaled to measure the degree of candidate compliance. The profile for a sales “hunter,” for example, is quite different than the profile for a “farmer.” In the example below, stakeholders have determined that a reasonably high level of business knowledge is required for this particular position. A full profile usually contains 12-20 skills and 6-12 traits.

Effective Sales Recruiting Process

 

5. Writing an accurate job description. Don’t include profile details in the job description because a candidate could potentially identify what the interviewer is looking for and prepare “perfect” answers.

6. Providing recruiters and HR staff with a simple document that filters out “fatally flawed” candidates. For example, if a candidate must have at least five years of sales success in your industry, anyone who does not meet that criterion is eliminated. Screening against specific criteria allows internal hiring team members to dedicate their time to more qualified candidates. Technology solutions that perform much of this screening are readily available.

7. Engineering a set of first-round interview questions. Used as directed, these questions will enable internal team members to probe for required skills and traits based on the profile. Interviewer observations as well as the candidate’s answers are recorded and analyzed later.

8. Training the hiring team on how to perform structured interviews. It is essential that interviewers follow the questions, which have been specifically designed to generate responses that reveal whether the candidate possesses the traits and skills required for job success.

9. Educating interviewers about the importance of objectivity. Structured interviewing reduces the natural tendency to view a candidate subjectively, which could lead to overlooking weaknesses.

10. Devising a set of second round interview questions to facilitate further exploration for critical skills and traits, and to enable the interviewer to identify and quantify weaknesses uncovered in the previous interview.

11. Validating the candidate’s claims and uncovering inconsistencies through a rigorous reference checking procedure. Effective reference checking requires persistence and skill, because many companies are reluctant to provide information about former employees. The best reference checks are conducted with people not provided by the candidate. Sales leaders with a wide network can often find “blind” references who will offer an honest appraisal of a candidate, if they are confident that the discussion remains between them and the person doing the hiring.

12. Requiring sales position candidates to substantiate assertions about their past performance with tax or other formal documentation. If they claim they made $500k a year for the past five years, they should be able to prove it.

13. Requiring final candidates to participate in sales call and presentation simulations. Evaluate the candidates against required skills and personality traits derived from the profile.

14. Implementing psychometric testing and background checking. These tests rarely lead to hiring someone you have no enthusiasm for and often “expose” candidates who have managed to hide deficiencies through the interview process.

15. Engineering individual ramp-up or on-boarding plans to ensure that the gaps between the profile and the candidate’s proven skill set are closed during the first thirty to ninety days of employment.

16. Implementing a continuous improvement component. In order for this process to continue working into the future, there must be a mechanism that provides stakeholders with feedback and includes the flexibility to make adjustments.

You may initially think that this kind of formal process will “take too much time,” but you’ll quickly discover that the number of candidates who make it to the final stages is limited. The process works like a sales funnel; candidates “qualify out” all along the way. As a result, the hiring team has time to focus only on the most qualified candidates. Additionally, candidates get impression that your company is serious and well-managed. Finally, both candidate and company become aware of the gaps between the candidate’s capabilities and what’s required to get the job done, as well as how those gaps will be filled.

Dave Stein is an internationally-recognized expert in B2B sales performance. Read his blog at davestein.biz and follow him on Twitter: @davestei

Image courtesy of Tim Caynes.

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What I Wish I Knew Before Becoming a Sales Manager

When I became the leader of a sales team for the first time in the mid 90’s, I did not have the luxury of selling for many years and being mentored by someone who could teach me the ropes. Instead, I was a company founder who filled a need that we had at the time to build our sales team, and I kind of made things up as I went along. As I think back to those days, I realize how much I struggled to achieve my goals, and while I was successful, I can’t deny that it probably had as much to do with luck and timing as it did with my will and effort.

It was a time of great learning but there are a few lessons that would have served me well if I had known them in advance. Here are the top things I wish I had known before becoming a sales manager.

Process is critical

Without many years in sales myself and having to take over leadership of a sales group, I didn’t appreciate the value of a structured selling process. I told my sales reps to call-qualify-develop and close and left them to their own devices beyond this, which meant that each rep sold in their own unique way. Beyond ensuring that customers received different experiences from my sales team, it made it very difficult for me to coach and develop my reps. It also made it difficult for me to forecast and/or proactively address problems because I had no system for breaking down a rep’s pipeline of opportunities and/or looking at whether they were focusing on activities that would lead to success. In short, without a structured process in place, some of the characteristics of a dysfunctional sales team were beginning to reveal themselves.

Get the Right People on the Bus

Not all sales people can sell. This is an obvious lesson to me now, but as a first time sales manager I assumed that with enough effort and coaching, any rep could be successful. I now know that it is the small minority of reps that consistently exceed quotas. Most reps are at best mediocre and a significant percentage of the sales population will never achieve their goals no matter how much training and management you throw at them. Trying to achieve your own targets with a sales force of mediocre reps is like boxing with one hand tied behind your back.

Hire Slowly, Fire Fast

In my early times as a sales manager, I had a tendency to let reps miss their quarterly targets indefinitely without any repurcussions. This was partly due to the fact that I didn’t know how to manage failing reps and partly because I didn’t like firing people, but I quickly came to realize that accountability is a very powerful lever. A sales force that is not held accountable for meeting its goals is a sales force that won’t regularly meet its goals. So, from that point forward, when reps fell behind, I would work with them to make sure they were performing the tasks that would lead to success. I can tolerate bad luck, but not poor habits. If a rep couldn’t deliver the right results or the right behavior, I quickly parted ways and found another rep who would.

Wining Culture

Early in my career I assumed that a culture of success would naturally occur over time. I had it backwards. To achieve success, a sales leader has to actively create a winning culture, which starts with their own actions and by helping the team establish the habit of achieving increasingly larger goals. This is very powerful. When the team uses the language of success, behaves in ways that leads to success, helps each other be successful, expects to be successful, and has a low tolerance for failure, success is far more likely.

Learning these valuable lessons made life a whole lot easier and probably saved me from losing my hair, but more importantly enabled me to achieve much great success as a sales manager.

Photo Credit: Asim Bijarani via Compfight cc

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Eliot Burdett

CEO at Peak Sales Recruiting
Before Peak, Eliot spent more than 20 years building and leading companies, where he took the lead in recruiting and managing high performance sales teams. He co-founded Ventrada Systems (mobile applications) and GlobalX (e-commerce software). He was also Vice President of Sales for PointShot Wireless.Eliot received his B. Comm. from Carleton University and has been honored as a Top 40 Under 40 Award winner.

He co-authored Sales Recruiting 2.0, How to Find Top Performing Sales People, Fast and provides regular insights on sales team management and hiring on the Peak Sales Recruiting Blog.

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Is Your Sales Team Comprised of Order Takers or Order Makers?

Order Taker in Sales

Describe cold calling to someone outside of sales and they will cringe at the notion of contacting an unknown person and likely hearing that they don’t want to speak. Even sales people who claim to embrace hunting will often avoid cold calling if given the choice.

There is no doubt that prospecting for new customers is hard work and all but a few personality types have the disposition to embrace the practice and do it well. The practice, however, remains one of the most powerful ways for sales teams to achieve superior sales results (check out these stats!).

But if you were to take a stroll through the average sales team across the country, as we often do at Peak Sales Recruiting, you would find that many of the sales people responsible for acquiring new customers are not only not suited to, but actually not doing the work that would lead to finding new customers. This is particularly the case on sales teams where the responsibilities of the sales reps include a mix of managing existing accounts and finding new accounts, since this scenario allows the sales person to compensate for the lack of new business by delivering sales from existing accounts.

The Downside of Order Taking

While pursuing easy sales sounds like a smart thing for sales teams to do, there is a huge risk involved without some degree of balance between sales from the existing customer base and new customers. Sales might be strong in the short-term, but will suffer in the long-term as the sales team looks for low hanging fruit and becomes reactive rather than continually staying ahead of the competition and regularly bringing aboard ideal customers that can contribute to long term growth and profitability.

Many sales managers don’t like to admit that their sales teams may be relying too much on existing accounts, but the numbers won’t lie. If there is a problem with the prospecting machine, it will show up in the sales results from new customers, before it shows up in the overall sales numbers.

ORDER TAKERS ORDER MAKERS
Focus on any customer that is in buying mode regardless of whether the customer or transaction is ideal or not

Find themselves in competitive scenarios where size of discounts often dictate who wins the business

Wait for the phone to ring

Do whatever they can to avoid making outbound calls – preferring to network and get referrals

Sell what the customer asks for and leave money on the table because they are not conditioned to probe for higher value solutions

Excel in the accounts that offer less opportunity and are less desirable to competitors

Regularly fall short of sales targets

Target ideal customers whether they are in buying mode or not

Spend working time penetrating and developing opportunities that will contribute to quota attainment

Avoid competitive scenarios by speaking to prospects about needs before they have been identified and/or acknowledged

Win business based on value not price

Create long term relationships by offering solutions to real customer needs

Transaction sizes are larger as a result of shaping transaction with the customer rather than simply selling what the customer asks for

Consistently achieve or exceed sales targets

#tablepress-3 from cache

Which type of salespeople is your team made up of?

For more on sales hunters, check out these articles:
Job Description of an Account Executive / Sales Hunter / New Business Developer
• Sales Compensation – Hunters vs. Farmers
How to Hire Hunters

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Eliot Burdett

CEO at Peak Sales Recruiting
Before Peak, Eliot spent more than 20 years building and leading companies, where he took the lead in recruiting and managing high performance sales teams. He co-founded Ventrada Systems (mobile applications) and GlobalX (e-commerce software). He was also Vice President of Sales for PointShot Wireless.

Eliot received his B. Comm. from Carleton University and has been honored as a Top 40 Under 40 Award winner.

He co-authored Sales Recruiting 2.0, How to Find Top Performing Sales People, Fast and provides regular insights on sales team management and hiring on the Peak Sales Recruiting Blog.

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How to Write a Sales Manager Job Description

sales manager jd

The key to writing a great Sales Manager job description: articulate specific performance objectives and highlight how a candidate will advance their career at your organization. 

High performing sales managers are gainfully driving revenue for their employers and not perusing job ads. So if you need to hire one, you are going to have to be more creative than the average employer and your job ads will need to stand out.

No longer is it good enough to list an exhausting, yawn inducing set of requirements and experience levels in your job description. Instead, a job description must position the opportunity, intrigue the reader, and present an irresistible challenge to an achievement oriented individual, yet still include the skills and experience required to excel in your unique sales environment, as well as the performance objectives, and a ‘sales DNA’ profile that the successful candidate must possess in order to qualify for the role.

As hiring expert Lou Adler correctly states, including sections that articulate specific performance objectives not only has the direct benefit of differentiating your JD, but also has the indirect benefit of potentially becoming “the cornerstone of ongoing performance-management process by comparing real job requirements to what the person has actually achieved”.

Since job descriptions are a key ingredient in the recruiting process, here are the 6 must have sections that every sales manager job description should be comprised of, in addition to several examples of the responsibilities sales managers typically have.

Overview

The job description should begin with a brief overview of the company. It should include the organization’s recent successes, growth, culture, values, and why it is a great place to advance a career. Since high achieving sales people tend to be money driven, it must also include information on the compensation package being offered, including base salary, on-target variable elements, and company benefits.

Goals

Your organization’s strategic goals for the new hire should come immediately after the overview section since they are the ultimate benchmark in determining whether or not the prospective candidate would be up to the task. Begin the section with the key metrics that indicate how your company measures performance in this role. Adding specific information such as numbers and percentage goals to the description will not only help potential candidates understand how challenging the role will be for them, but will force your hiring team to clarify the expectations attached to the new hire.

Meet revenue guidelines and develop strategies for maintaining profit goals on a quarterly and annual basis.

• Responsible for overall sales growth of __%.
• Maintain sales costs within __% of the target identified by the executive team.
• Increase sales in direct and online distribution channels by $__.

Responsibilities

Responsibilities outline what the opportunity will be like on a day-to-day basis for the potential candidate. A compelling  job description states measurable tasks that are tied to the organizations’ sales strategy.
Qualified candidates for a sales manager position expect that they’ll be accountable for key performance metrics, so consider taking an opportunity in this section to add numbers that will demonstrate how challenging and exciting the opportunity is.

• Work with the senior management team to set revenue and sales goals on a monthly, quarterly, or annual basis.
• Create and implement a comprehensive sales training program within __ months that will keep your sales team at the forefront of the industry and help each salesperson to reach their goal.
• Become a mentor to the sales team and nurture relationships with each associate in order to help them achieve their goals.
• Work with senior management to devise and implement innovative go-to-market strategies.
• In the next __ days, work with the sales team to upgrade lead-scoring criteria.
• Demonstrate an advanced understanding of our market, our competitors, and other economic indicators to steer our sales department with your forward-thinking vision.
• Create new programs to meet the needs of our channel partners and help them exceed revenue expectations with our products.
• Increase customer satisfaction ratings by __% and create innovative programs for upselling.
• Ensure accurate reporting on lead generation and sales efforts, including pulling data and metrics to provide detailed information about pipeline status.
• Lead (daily, weekly, monthly) sales meetings to motivate your work force, providing new and innovative training and information on an ongoing basis.
• Provide frequent updates to senior leadership and other departments as needed or requested, including high-level reports for our annual meeting and for our board of directors.
• (Daily, weekly, or as required) travel to meet with potential and existing clients, as well as field sales staff.

Experience

Hiring managers frequently use experience as a selection criteria when evaluating sales candidates. Relevant experience gives some indication of a particular candidate’s ability to perform certain tasks and can encompass a number of elements including buyer groups, technology, geography or territory, sales cycles, and deal sizes.
Companies seeking the very best sales management talent focus on experience that is aligned with the desired selling and management tasks stated in the responsibility section of the job description.

• Successful experience selling _______ (product/service or related product/service) to _____ (buyer/group).
• Successful experience closing __-figure deals.
• Successful experience monitoring and evaluating sales rep progress against stated expectations, in addition to aligning and changing behavior with performance expectations.
• Successful experience managing a team of __ + salespeople.
• Successful experience utilizing a CRM to manage team sales tasks, pipeline, and closing data.
• Successful experience hiring and onboarding sales representatives.
• Successful experience building and managing a territory (include geography if necessary).
Proven experience working within a __ (small, medium, large) company environment.

Skills

Successful sales managers have skills that set them apart from other average and below-average sales leaders so it is vital that a job description list the key skills required to be successful in your unique selling environment.

• Demonstrated ability to hire high performing sales people
• Strong ability to coach sales reps to higher performance
• Ability to accurately forecast future sales volumes
• Excels at selling intangible solutions into the B2B market
• Proficient at Target Account Selling
• Ability to analyze, establish and execute presales strategy
• Excellent qualification skills
• Skilled at building rapport, opening doors, and understanding business requirements of senior decision makers.
• Skilled at providing market recommendations and customer feedback to the executive team.
• Ability to elicit needs from key decision makers.
• Strong written and oral communication skills.
• Ability to influence others.
• Strong time management, qualification and negotiation skills.
• Ability to manage, optimize and identify opportunities with partners, members, process enhancement and program growth.

DNA

As mentioned in our article, Hiring The Right Salesperson: Sales DNA vs. The Resume, top performing sales people share certain traits. These traits drive top sales managers to consistently achieve their business and personal goals.

• Driven, energetic, professionally ambitious.
• Competitive.
• Sense of urgency.
• Confidence.
• Optimism, resilience and perseverance.
• Ability and need to influence others.
• Team player.
• Solution oriented.

Need more information on successful recruiting tactics and techniques? Download our book, Sales Recruiting 2.0, right to your Kindle.

Require more sales specific job descriptions? Check out these two articles: Job Description of an Account Executive, Job Description of a Vice President of Sales.

Photo Credit: pinprick via Compfight cc

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Eliot Burdett

CEO at Peak Sales Recruiting
Before Peak, Eliot spent more than 20 years building and leading companies, where he took the lead in recruiting and managing high performance sales teams. He co-founded Ventrada Systems (mobile applications) and GlobalX (e-commerce software). He was also Vice President of Sales for PointShot Wireless.

Eliot received his B. Comm. from Carleton University and has been honored as a Top 40 Under 40 Award winner.

He co-authored Sales Recruiting 2.0, How to Find Top Performing Sales People, Fast and provides regular insights on sales team management and hiring on the Peak Sales Recruiting Blog.

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2015 Sales Compensation Trends

Sales Compensation Trends 2015

In January, the World Bank announced cautionary good news. The organization’s Global Economic Prospects Report (GEP) predicted growth for developing countries, soft oil prices, a stronger U.S. economy, and the continuation of low interest rates globally.

As experts continue to talk about economic recovery, this positive outlook for the global economy is reflected in corporate earnings which are experiencing an uptick as well.

The Alexander Group’s 2015 Sales Compensation Trends Survey Executive Summary, published in January of 2015, provides insights on how sales compensation strategies are keeping up with the economy. This is the 13th annual report published by the Alexander Group with participants comprising of more than 100 sales departments, representing a wide range of businesses and industries.

Survey respondents reported that revenues are up, that they are set to hire more salespeople, and that current compensation programs are effective. Indications are that sales managers can continue to feel confident about their top performers meeting their goals and achieving their incentive plans, while having to pay even more to these high achievers.

As companies settle into 2015, some may already be enjoying the benefits of a brighter outlook, while others may still be struggling. The report provides a benchmark that Sales Managers, CFOs, and CEOs can use as a gauge.

Revenues, Costs, and Incentives

The Alexander group’s top finding is an anticipated increase in overall revenues. Survey respondents reported that they expect sales revenue growth of 7.5% in 2015. Since revenue projections affect sales targets, Sales Managers should be prepared to alter reps compensation packages accordingly to ensure they align with company objectives and drive the right kind of behavior. According to the report, 2014 should remind sales managers how important it is for market changes to be reflected in new compensation plans.

Last year, respondents projected revenue growth of 7%, yet Sales Managers anticipated a 3% incentive payout at the beginning of the year. By the end of 2014, the payout costs to sales personnel more than doubled to 7%. And while salespeople cannot control the various elements that affect sales success (ie. economic conditions, competition, or a customer’s financial challenges), an effective comp plan, according to Harvard Business School professor Frank Cespedes, will encourage attention to these factors by rewarding accurate forecasting or market intelligence.

Fortunately, companies are taking steps to ensure proper alignment of sellers’ objectives with organizational objectives. 90% of companies reported that they will make changes to their sales compensation plan for 2015, with 10% planning to make ‘significant’ changes to reps compensation plans. Just over 64% of the companies surveyed plan to increase base pay, with a median budget increase at 3%.

Fully two-thirds of companies report that the best performers – those in the 90th percentile – could earn two to three times their target incentive. For employers looking to retool or expand their team with top sellers  — the only type of salesperson that should be added to a team – this reality underscores the importance of having a highly competitive and attractive compensation plan.

Is your company projecting numbers like this?

The Alexander Group’s study paints a positive picture for sales departments for the year ahead. The numbers indicate that companies are looking forward to a healthy year, in addition to aligning their goals and objectives in the right way to motivate their sales teams. Companies and sales leadership that are not feeling as confident as these numbers suggest still have time to make adjustments for a healthier 2015.

Looking inward

A recent paper published by the CSO Forum titled, Send the Right Message with your Compensation Plan provides perspective on effective compensation strategies.  In it, Thomas Blondie, CEO of Spin.com, notes, “if your sales force is not producing the results you need them to achieve, one of the first things that you need to seriously consider as the sales leader for your company is are we to blame?”

Blondie encourages sales leadership to look inward and focus on three key areas to see if they’re sending the wrong messages to their sales force. He suggests focusing on compensation, recognition, and involvement as the best measures.

At the core of compensation strategies for salespeople is commission – and commission caps are bad, argues Smiley (so do we – read why). Putting a cap on commissions sends a clear signal to the salesforce that they shouldn’t push their limits. He also encourages management to show some compassion for salespeople who often suffer under nail-biting sales deadlines for their commissions – by staggering closing dates or updating the commission approach to seasonal sales, employers may generate increased performance out of the sales team, while simultaneously boosting employee retention.

Smiley also believes in the power of non-monetary rewards for salespeople, including increased recognition and involvement. By inviting top performers to participate more in decisions and rewarding them with perks, employers build deeper ties with the sales people that matter most. Not to be forgotten, according to Smiley, is that reality that management can learn from top performers, so including them in discussion about sales strategy and compensation may ultimately benefit the entire team.

Small updates for world-class companies

As sales teams start making their way through 2015, they’re hopeful that the numbers will continue to be on their side, but as the Alexendar study shows, it’s important to create a balance between goals and rewards and adjust, if needed, as the year goes on. Companies that feel they’re not on the best track can still right the ship by asking questions, pulling ideas and insights from top performers, and being open to making adjustments to systems and processes. A rising tide lifts all boats – make sure yours is in the harbour.

Sources:

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Eliot Burdett

CEO at Peak Sales Recruiting
Before Peak, Eliot spent more than 20 years building and leading companies, where he took the lead in recruiting and managing high performance sales teams. He co-founded Ventrada Systems (mobile applications) and GlobalX (e-commerce software). He was also Vice President of Sales for PointShot Wireless.

Eliot received his B. Comm. from Carleton University and has been honored as a Top 40 Under 40 Award winner.

He co-authored Sales Recruiting 2.0, How to Find Top Performing Sales People, Fast and provides regular insights on sales team management and hiring on the Peak Sales Recruiting Blog.

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Sales Hiring: Culture and its Impact on Recruiting

Culture and its Impact on Sales Recruiting

Cultivating the right internal culture is an afterthought for many organizations and yet culture plays an enormous role in business success.

What is Culture?

A company’s “corporate culture” can be thought of as the general norms, traditions and assumptions that govern employee perceptions, thoughts and behaviours at work. The term “corporate culture” came into vogue in the early 1980s. Sociologists, communications professionals, and organizational behaviorists made the idea of cultivating the right corporate culture an important issue in academia, and as the term made its way into our collective consciousness, companies began adopting new approaches to creating a positive corporate culture.

Today, corporate culture is often mistaken for a company’s brand image or “a company that has a lot of perks”, but there is more to culture than how a company markets itself or whether it offers free lunches and hosts pizza parties. In fact, building a good corporate culture has more to do with cultivating a sense of trust and goodwill into the very fabric of your company so that employees feel recognized, listened to, and engaged when they’re at work.

Companies that get corporate culture right have employees that evangelize on their behalf. Enjoying a reputation for having a good corporate culture is a big boost for companies when they are recruiting high achieving salespeople – and sometimes a good reputation even helps a firm spend less money on salaries and retain the best employees for the long-term.

Sales Rep Turnover is around 25.5%” – CSO Insights

How important is corporate culture to sales hiring?

A recent study conducted by Glassdoor, an online career community, surveyed more than 5,000 of its members on a number of factors that influence how they make career decisions. The study found that corporate culture is among the top five biggest considerations job seekers take into account before accepting a job offer.

The study reveals that people care about where they work and the kind of work they do. It also shows that potential employees are vetting companies carefully to make sure the job they get delivers a good work-life balance.

In sales, the structure of compensation packages is an important matter for potential hires. According to the Glassdoor study, fully 94% of sales professionals surveyed reported that the base salary is the most important element of their compensation plans, while only 62% felt commission rates are the most important aspect of their compensation plan.

Sales professionals are also motivated by what they sell. 78% of those surveyed said they would accept less money to work at a company selling something compelling.

Firms that work hard to entice the best talent develop competitive compensation packages and look for salespeople who show a passion for what the firm has to sell. These two simple strategies can help usher the best talent into the workplace, sometimes at a lower cost.

When it comes to retaining employees, corporate culture continues to play an important role. In the study, 84% of employees said they would consider moving to another employer whose culture and values more closely aligned with theirs. This is an astonishingly high number and speaks to not only the value of cultivating a great corporate culture, but also how hard it is to get culture right.

How can you get the word out about your corporate culture?

Word of mouth is extremely powerful so employees and ex-employees are the front line for a company’s reputation. They share their experiences about your company casually at parties or in lunch conversations, and on social sites such as Glassdoor or LinkedIn. They can also be critically honest when a friend or colleague interested in making a move calls them to ask about what it’s like to work at their company.

An employer’s first line of defence is finding out what their employees really feel — and say — about its corporate culture.  Anonymous surveys are an excellent medium that employers can leverage to get very honest answers about their employees perceptions about the corporate culture in which they work. Hiring Managers, working with HR, can also see what current and past employees are saying on Glassdoor, one of the most popular online employer review sites, or use social listening tools like Google Alerts or Mention.com to keep an ear on what people say.

For additional information on how to ensure your online reputation is up-to-date, read our article, Does your Company’s Online Reputation Matter when Sales Recruiting? which quotes Cameron Herold, founder and COO of BackPocket, as saying, “In this day and age, companies that don’t have an exceptional online presence are simply not going to attract A-level talent.”

Of course getting culture right is much more than simply having a great website. It takes genuine commitment by a company’s leaders as well as a lot of time and effort to build a culture of winning that in turn, fosters success.

Sales departments that are serious about attracting the best talent enhance their corporate culture by committing to excellence and offering employees continual training. For sales managers, the benefit of continual training is threefold: First, training sales people in a consistent, customized, measurable way that focuses on behaviors and follow-up activities lets your sales team know that you’re invested in their professional success. Second, it benefits your firm’s competitive advantage as a result of heightened seller effectiveness. Lastly, having a training plan in place can turn employees into brand ambassadors, amplifying your recruitment efforts year-round. Moreover, it gives management more leverage in holding the team accountable for achieving increasingly higher results.

How can you change your culture?

If you find you’ve got a bad reputation in the marketplace, it’s not too late to change.

A recent article on the Sales Benchmark Index blog notes that high turnover in the sales department is a key indicator that something’s wrong with the firm’s sales culture. The article suggests creating a common vision for the sales team as a first step toward gearing up a better corporate reputation. The article also provides a series of questions to ask in order to start the conversation with your team and get buy-in from them on the path to developing a more positive work climate.

The article also suggests that as employers undergo a culture shift, leadership must be transparent about the pros and cons of working for the organization when talking with candidates. This gives candidates a better opportunity to evaluate their own ability to fit in with the selling culture, and gives hiring managers a better understanding of the candidate’s likelihood of success.

An article in Fast Company by Beth O’Neill, How to Shape your Company Culture before It’s Too Late is a helpful reminder for companies that want to update their culture. O’Neill suggests that organizational leaders need to be clear on their mission, vision, and values. She also suggests fixing the following three key aspects of everyday work life to help employees feel better about their workplace, and by proxy update the perception outsiders have about it.

The first change according to O’Neil, provide structure for how meetings are run since “meetings are the microcosm of the organization’s culture.” Mattel CEO Bryan Stockton, who was ousted early this year, blamed part of the problem with innovation at Mattel on a bad meeting culture. A recent story on NPR’s Morning Edition by Yuki Noguchi gives a great deal of detail on how meeting culture can slowly erode a corporate culture.

O’Neill recommends fostering the development of a good meeting structure that can be adopted by the whole company. According to O’Neill, meeting managers should formalize the process of the desired outcome of each meeting by making sure there is a meeting agenda, everyone invited has a role to play, and there is a record of what was agreed on in the meeting. This is one of the key ways to begin fostering a better corporate culture.

Next, O’Neill suggests creating a clear decision making processes so that employees can focus on making decisions efficiently and in a structured manner. Finally, O’Neill advises that the company define what success will look like, particularly for process and relationships. This gives employees a vision to follow and shows them what their being measured by.

Sales departments and corporations are gearing up to welcome the next generation into more senior roles, and as Millennials climb the corporate ladder, they’re bringing their ideals with them.  Work culture is one of the top three qualities that matter most to the next generation when examining prospective employers. In fact, nearly 80 percent of Millennials look for people and culture fit with employers, even before they consider the career potential a company might offer them. Companies that begin a culture shift now will be poised to attract the best talent on the current market, and in the future.

In the end, an organization is nothing more than the collective capacity of its people to create value” – Louis Gerstner

Sources

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Eliot Burdett

CEO at Peak Sales Recruiting
Before Peak, Eliot spent more than 20 years building and leading companies, where he took the lead in recruiting and managing high performance sales teams. He co-founded Ventrada Systems (mobile applications) and GlobalX (e-commerce software). He was also Vice President of Sales for PointShot Wireless.

Eliot received his B. Comm. from Carleton University and has been honored as a Top 40 Under 40 Award winner.

He co-authored Sales Recruiting 2.0, How to Find Top Performing Sales People, Fast and provides regular insights on sales team management and hiring on the Peak Sales Recruiting Blog.

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