Rethinking Sales Recruitment: A Path to Efficiency and Success
Janice B Gordon - Customer Growth Expert FISP FPSA
Helping CEOs CROs Sales Leaders Expand Key Customers with Productive Sales Professionals. Delivers Customer-Centric Revenue Growth | RevTech Strategist Award 2024 I Speaker-Educator-Consultant ScaleYourSales Podcast Host
In the fast-paced world of sales, recruitment stands as a critical pillar for organisational success. Yet, the conventional approach to hiring sales professionals often proves arduous, costly, and ultimately ineffective.
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Recently, I had a candid conversation with a VP of Sales who expressed exhaustion with the traditional recruitment process, vowing to postpone further hiring endeavours to catch their breath. This sentiment is common, as many top sales managers find themselves trapped in a perpetual cycle of recruitment, where the quest for the right talent becomes an arduous and often futile endeavour.
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The Pitfall of High Stakes of Traditional Recruitment
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Traditional recruitment strategies typically prioritise industry experience primarily. However, the dynamics of sales have evolved significantly. Today's customers are less inclined to follow individual salespersons based solely on industry connections. Instead, they seek insight, problem-solving capabilities, and a deep understanding of their unique challenges.
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Consider the plight of a VP of Sales navigating through a labyrinthine 6-level recruitment process, consuming hours of valuable company time without guaranteed success:
?1.???? Defining the Sales Hiring Profile: 60 minutes
2.???? Initial Call with Talent Manager: 30 minutes
3.???? Sales Manager Interview: 60 minutes
4.???? Role Play with Team: 30 minutes.
5.???? Meeting the Sales Team: 30 minutes
6.???? Meeting with the CEO: 30 minutes
Reference Checks: (4 hours plus added reference checking time)
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Such complexity of levels not only strains internal resources but also increases the likelihood of losing top candidates to competitors with more agile recruitment strategies.
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This scenario underscores a common pitfall: excessive complexity leading to heightened costs and prolonged vacancies losing out to first movers’ advantage.
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Statistics paint a grim reality: 46% of sales recruits fail within 18 months, largely due to a myopic focus on industry relationships rather than holistic candidate suitability. The reliance on outdated paradigms perpetuates a cycle of mediocrity, where companies merely shuffle talent from one organisation to another within a closed network of related businesses. This not only stifles innovation but also inflates costs — with each failed hire costing organisations upwards of $100K to $1 million, when considering recruitment fees, lost productivity, and potential severance.
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The Critical Role of Onboarding
Recruitment is only the beginning. Effective onboarding is equally pivotal to recruitment success. Despite its importance, many organisations falter in this area, offering inadequate training and support to new hires.
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According to CSO Insights, a structured onboarding process can enhance quota attainment by 16.2% and reduce turnover rates from 7.9% to 14.2%, thereby protecting the investment made in recruiting top talent. This underscores the significant impact of proper onboarding on sales team performance and retention. For organisations lacking formal onboarding structures, selecting a recruitment process that incorporates comprehensive coaching guidelines becomes imperative.
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A Salesforce study further emphasises the link between effective onboarding and business success, revealing that companies with robust onboarding programs achieve 10% greater sales growth and outperform profit objectives by 14%.
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Comparative Analysis: Traditional vs. Predictive Recruitment
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Benefits of Predictive Recruitment
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Choosing the Path to Success: Predictive Recruitment
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In contrast to the inefficiencies of traditional methods, predictive recruitment offers a compelling alternative. By using advanced assessments and tailored interviews, organisations can streamline the hiring process by one-third of the time invested, with a success rate from 50/50 to up to 90%.
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This paradigm shift leverages advanced predictive assessments and customised interviews that delve deep into candidates' skills, motivations, and cultural fit.
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A New Paradigm in Sales Recruitment
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By integrating a comprehensive onboarding program into the recruitment process, you can set their new sales hires up for success from day one, fostering a culture of growth and on-the-job rather than imagined or 50/50 performance bet.
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Your next steps are:
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Before embarking on your next recruitment drive, consider the transformative impact of a sales-specific, predictive recruitment process coupled with effective onboarding.
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Embrace Innovation in Recruitment
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Are you ready to break free from the constraints of traditional recruitment practices and adopt a streamlined, predictive approach that delivers results?
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Connect with me to explore how our proprietary sales-specific recruitment process can revolutionise your hiring outcomes.
Let's discuss how integrating structured onboarding and coaching guidelines into your recruitment strategy can mitigate risks, optimise performance, and drive sustainable growth for your organisation.
?#scaleyoursales #PredictiveRecruitment #Onboarding #SalesLeadership
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8 个月Well said. Recruitment, onboarding and managing sellers is ripe for a change. Thank you for highlighting Janice B Gordon - Customer Growth Expert FISP FPSA
Sales Trainer | Keynote Speaker?? |Fractional Sales Leader| Sales Coach| Women Sales Expert| Helping Sales leaders Transform Their Team Through a Proven and Highly-Engaging Training Program.
8 个月Very detailed post Janice B Gordon - Customer Growth Expert FISP FPSA Recruitment is a tough process, as you state a costly one as well, especially if they leave after 18 months. Where I see a huge opportunity is the on-boarding process. Most companies don’t have one. This sets the tone for what your rep can expect as part of the team. A non supportive culture lacking structure and direction. This approach transcends to the experience your team provides for your clients. There is a direct correlation. Good begets good.
Sales strategy, email copy & training for B2B orgs that outbound | Keynote Speaker | Top 4 Finalist - 2024 GTM Advisor of the Year | 2024 Sales Innovator of the Year ? #EarnTheRight ? Debut Book Dropping in 2025
8 个月I have to admit - recruitment is something I've struggled with. Both as a Hiring Manager and as a candidate.
Lead Generation | Appointment Setting | Cold Calling | Inside Sales Management | Sales Training & Coaching
8 个月I agree not to focus on industry connections but assess the candidates on cultural fit and ability to get the job done. Well written, Janice B Gordon - Customer Growth Expert FISP FPSA!
Author of "LinkedIn for Personal Branding"| LinkedIn Top Voice | TEDx and Keynote Speaker | LinkedIn Rebranding | B2B Social Selling l My Mantra: "Be a Friend First" l Let’s Amplify Your Brand and Event
8 个月Interesting comparison and stats. THis is a must read article Janice B Gordon - Customer Growth Expert FISP FPSA