On this week’s SBI Insider Podcast we discuss placing the right talent in the right performance conditions. This is the number one risk to executing the sales strategy. Joining me in this discussion is my colleague Kevin Avery, Senior Consultant from SBI. Together we debate the approach to hiring the best talent to execute your sales strategy in the pursuit of revenue growth.
Tolerating under-performers, hiring mistakes, and very long new hire productivity cycles all lead to missed revenue targets — and job loss for the head of sales. “A” players generate 5x more revenue than “B” players and 10x more than “C” players. Listen here as we explain how to best execute your sales strategy with the right sales talent.
It’s difficult to grow revenue faster than your industry’s growth rate and faster than your competitors. Leverage the How to Make Your Number in 2018 to access a revenue growth methodology to hit your number quarter after quarter, and year after year.
The talent problem faced by sales leaders is best described as relying on the heroic efforts of a few. This approach eventually catches up with you and explains why making the number year after year is so difficult. When 20% of the sales team produces 80% of the revenue, something is wrong. The labor expense associated with the sales team incurred by the company has to be justified, or a head count reduction is warranted.
We begin the show by asking a key question that plagues many sales leaders – are ‘A’ players a result of nature or nurture? We discuss why it’s critical for your sales strategy to be aligned with the corporate strategy in order to know what kind of talent is required to be successful.
Next, we address talent development and sales training. Talent assessments, competencies, and individual development plans are described. Mike will also explain what an effective onboarding process looks like. We challenge conventional thinking that onboarding programs are fluff, and don’t make a difference to your sales reps. Furthermore, we’ll explain how HR can partner with sales in order to create a program that best identifies and fills the needs of the revenue-generating functions.
We’ll wrap up the show by exploring performance conditions in more detail. Can sales leaders overcome shortcomings in performance conditions with the right talent and leadership? Or is it necessary for both good performance conditions and good talent?
Have expectations gone up and left you wondering if you can make your number? Here is an interactive tool that will help you understand if you have a chance at success. Take the Revenue Growth Diagnostic test and rate yourself against SBI’s sales and marketing strategy to find out if:
- Your revenue goal is realistic
- You will earn your bonus
- You will keep your job