Take a look at what another of our long term clients has to say about The Advanced Hiring System.
To learn more about the “Best Hiring Tool Ever ,” Click Here
Uncategorized
Uncategorized
The Sales Recruiting Solution
Video Rant #6 How To Create a Terrific Salesperson Recruiting Tool
Before they ever start actual recruiting, good sales hirers sit down and really plan out a new hire’s career, every step of the way. They project what the new successful rep can and should earn in each of their first 5 years in the business.
Most of us who have been sales managers have put together sales projections. Year after year, we write stuff down on our spreadsheets. But then when we get to the end of the year, turns out it’s not all that accurate. The trick is, you have to start at the most granular level in order to wind up with a reasonably accurate projection. And a good, accurate five-year compensation plan and projection is a terrific recruiting tool for you.
You go through year by year and realistically project what kind of activity they’ll be required to do, reasonable activity for a serious salesperson. Then lay that up against a solid closing ratio. Figure year by year, what this new salesperson is going to earn for you. And then based on your comp plan, how much will they earn for themselves?
Look at sales help wanted ads. Lots of claims about earning big money. Consider the power YOU get by saying, “Listen, if you make 4 presentations a day, 5 days a week, and you have a reasonable closing ratio, then your first year, you can expect to earn $65,000.”
And then, depending on your product or service, from the 2nd year on, you show what they earn each year, plus the residual income from prior years. When you can show an applicant what they’ll be earning five years out, your sales position is suddenly seen very differently from the others. Seven year, ten year, long-term clients tell me that a codified sales hiring system makes a big impression on applicants. They get better quality applicants accepting their sales position than ever before. When an applicant sees that you really projected out, it gives them confidence in your promises.
Everybody wants 6 figures. But unless it’s a super lucrative sale and you’re hiring senior sales reps, it’s tough to project $100,000 first year. Depends on the market. We’ve got clients in Minnesota. More elk than people there. Cost of living is way lower than it is for our clients in New Jersey. So it depends on market. If they’ve got a shot at 6 figures in the 2nd or 3rd year, I think that’s reasonable.
Most of these ads that claim $100,000 income have nothing behind that number. No research. No science. The applicant knows it’s BS. But when you show a projection and reasonable benchmarks they can really hit to get to $150,000 in year 5, you overcome their resistance to a performance-based compensation agreement. Suddenly, it all looks very doable.
And you have an approach that wows your applicants and eliminates your competition.
This is Alan Fendrich with Advanced Hiring System. Give me a call.
Talent Acquisition
Recruit Now!
While the recovery of the economy after shutdowns is far from done, we are seeing more activity in hiring for many positions across most industries. Hotels, a segment that has been particularly hard hit, are starting to see some improvement in occupancy and revenue per available room, an important metric in the industry. As this continues, the pool of talent we’ve been discussing for several months is shrinking. If at all possible, recruit now!
We’ve been talking about the huge talent pool available for several weeks, if not more. That pool is starting to shrink as companies that are able to begin hiring are doing so. And the talent most important to recovery, as we have been stressing for weeks as well, is sales talent. Great sellers are going to be the key to pulling your business out of the unprecedented downturn we’ve been through. The number of available sellers is shrinking a bit every day. Every hour. Right now.
Therefore, it is time for us to talk about the first step in filling your pipeline with solid candidates to grow your sales team. We’ll focus first on making sure your recruitment ad will attract the right type of candidates. We focus our client’s efforts on seeking money motivated persuaders. And there are certain words and business characteristics that are more appealing to these people than others. It is important that you know them and use them.
The type of person you’re looking for will not be attracted to your ad touting the family atmosphere in your business. This is not to say that they aren’t nice people. Most are as the personality type generally seeks to get along with and influence people. We have many resources to help you write a job ad that will attract the right candidates. This is indeed the important first step in rebuilding a killer sales team. To learn more about how we can help you recruit top performing sellers, click HERE.
Page 1 of 8
