The State of Sales Hiring Survey Reveals 3 Acceptances for Every 100 Applicants and How to Balance Hiring Speed with Quality
Dario Priolo
Life Sciences Investor and Advisor | 5x B2B CMO - 13x M&A | Pharma, Biotech, Biopharma Services | Publisher of "Big Deal Hunting" and "Selling to Pharma" Newsletters
As a sales leader, you’ve probably felt the pain of open sales positions and the emptiness of uncovered accounts and neglected opportunities. Open positions and bad hires are your worst nightmare, and the great resignation means the war for sales talent is becoming even more intense.
Our recent State of Sales Hiring Survey reveals that filling 3 positions will require about 100 applicants, and it can take weeks or even months to get these applicants. On average it takes 5 months to fill and onboard a new rep and then another 6 months to ramp them to full productivity. Factor in some PTO ad holidays and we’re talking nearly a full year!?
?As we’ve said time and again, sales leaders face mounting pressure to hire fast and hire well. While these are opposing objectives, trust us that achieving both is possible, albeit with some well-timed juggling. Naturally, this begs the question of how to balance hiring speed with quality.
?As part of our joint survey conducted with SellingPower? to identify challenges and best practices in sales hiring, we asked survey participants for suggestions to reduce time to hire while also improving quality of hire. To gain the most comprehensive insight possible, we surveyed sales leaders, recruiters, and sales reps to better understand their unique — and at times opposing — perceptions, expectations, and preferences.
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?Below is a summary of what they told us: