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Tony Cole

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The Importance of Profile Fit in No Assembly Required Hiring

Posted by Tony Cole on Thu, Feb 18, 2021

Your potential sales candidates have to have a successful history selling the way your company sells, to the people you sell to, in the environment you sell in.

In the 5th installment of our blog series, No Assembly Required Hiring, we discuss the importance of recruiting salespeople who not only fit your selling requirements but also match the specific criteria of your organization.

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You believe you recruited Wonder Woman: someone with a great resume, OMG findings that showed strong Will to Sell, great Sales DNA, and they scored well in Sales Competencies. You could reasonably expect Wonder-Woman-level sales results. However, 12 to 18 months later, the results you see more closely resemble Aquaman (the 1967 version- not the new and improved Jason Momoa model). 

So what happened?

There could be a couple of explanations:

  • All salespeople need coaching – it could be that your sales manager is great at managing performance but not at coaching.
  • The onboarding process didn’t address some of the findings that needed work in either the Sales DNA or Sales Competencies categories.
  • The OMG is 92% predictive – you may have hired 1 of the 8 that got through.
  • Or, and this is the topic for our discussion today, it could be that there was a poor role fit.

When using and establishing the OMG pre-hire assessment, the sales executive answers a series of questions about the environment that exists within the company and what is required to be successful in that environment. The questions asked revolve around, but are not limited to, areas like the following:

If this is what it takes to succeed in your organization, and your candidate doesn't have success selling within your environment, they will struggle despite the Will to Sell, Sales DNA, and Sales Competencies. When we see overall strong results, but there is a mismatch with your criteria, “Recommended for Hire" doesn’t mean hire! You have to be ready to take on a project, adjust your onboarding expectations, increase the frequency of coaching, and change the type of coaching you would typically conduct.  

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Here is a sample from the pre-hire assessment that provides information about role match:

Imagine for a minute that the candidate did meet OMG Criteria scores for the Will to Sell and Sales DNA. There would still be a yellow flag in the category of Meets your Criteria if the candidate didn’t answer the questions the same way you did for role experience. This example tells you that your candidate wasn't successful as a high ticket seller, and they will not hunt for new business. This is a mild case of mismatched historical success and predicted success for your organization.

Over 25 years ago, we got our start on the big stage with USI Insurance. Back then the focus of that company, and many in the insurance brokerage industry, was organic growth from current salespeople and occasionally hiring a hotshot broker from one of the larger firms. They looked for brokers that would bring a high level of experience to the firm and possibly bring some large accounts with them. 

Often these highly touted recruits would fail. Why? Because the environment for success was different. They didn’t have a business card that had the name of a company that was easy to defend if something went wrong. Their success was based on the ability to show a card that said Aon or Marsh. In addition to having the right stuff, your candidates have to have a successful history selling the way your company sells, to the people you sell to, in the environment you sell in. 

They have to be a fit, and they have to be coachable. As you think about your next hire, think about the reasons people have failed in the past. Structure your recruiting, vetting, and onboarding process to uncover problems early and/or address them if you decide to take on a project.

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Topics: Sales DNA, performance management, increase sales, hire better salespeople, will to sell

Some Assembly Required Hiring

Posted by Tony Cole on Thu, Feb 04, 2021

How important is it that your new hire be able to identify a prospect's compelling reason to make a change or the resources they have set aside to fix their business problem? Our guess is probably pretty important.

In the 4th article of our series Hiring No Assembly Required Salespeople, we discuss the questions you must ask yourself of a candidate's skills and what critical selling competencies you must look for before making a hiring decision.

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Occasionally some assembly is required when you hire a new salesperson. I have been using the Objective Management Pre-Hire Assessment with 92% predictive validity for over 20 years. OMG has assessed over 2 million people for over 31,000 companies worldwide. (Go to STAT FINDER for a high-level summary) They know what makes up an effective salesperson. And by extension, with the dozens of companies we have evaluated and the thousands of salespeople we have assessed and observed, this is what we know at Hire Better Salesperson.

 

Elite salespeople (the top 7% of the over 2,000,000 assessed) are evaluated just by how they score on the evaluation but are identified by their company as successful, hitting and or exceeding goals, and when stack ranked are top performers. not

 

What the assessment finds is the following:

  1. They score 613% higher in the comfortable talking about money competency than weak salespeople.
  2. They score 23% higher in the selling value competency
  3. They score 74% higher in the uncovering budget competency
  4. They score 55% higher in reaching decision making competency.

 

These findings beg the question or several questions, but I will start with this one:

 

How important is it that your new salesperson be able to...

  1. Ask and talk about the capacity a prospect has to invest time, money, and resources to buy the products and solutions you provide?
  2. Uncover and position value instead of selling, attempting to compete, or winning just on price?
  3. Uncover the available budget and meet with the person, or persons, that have the authority to write the check?
  4. Get to the actual decision-makers, or make sure that all resistance to making a decision has been eliminated, using a strategic approach working collaboratively with the inside champion?

The second question is; when would you want to know that your new salesperson is NOT capable of doing the things mentioned above? Or, somewhere in the first 12 months of their employment with you, when do you discover that they are not closing because they do not possess these competencies?

The purpose of this article is NOT to discourage you from hiring someone with these weaknesses. It's to help you better understand that by using a sales-specific assessment, instead of a personality or behavioral-based evaluation, you know in advance what assembly is required. 

 

When you know this information, you can create a series of intelligent hiring decisions based on the answers to these questions:

  1. Is this candidate coachable and have the Will to Sell competencies necessary to fix or improve these areas?
  2. Does this candidate have the supportive Sales DNA to improve in these areas? 
  3. Does my current sales manager know how to address these deficits? (look at your current production report. If about 36% of your people are at the bottom of your production report, that is a sign. Not hitting a goal, or 2, is another. In these cases, chances are you do not have a manager that can address, fix, or improve someone that needs assembly).
  4. If I have someone that can develop people, do we have the appropriate finances, time, and bandwidth?
Click Here for Additional Hiring Tools!

Topics: increase sales, hire better salespeople, highly successful salespeople

Uncover Sales DNA Upfront and Generate Greater Success When Hiring

Posted by Tony Cole on Thu, Jan 21, 2021

In the 3rd article of our series Hiring No Assembly Required Salespeople, we cover the Sales DNA competencies a successful candidate must have and how to identify these traits prior to making a hiring decision.

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If you’ve been in sales management, hiring, or skill development for any length of time, you have experienced a “Groundhog Day” in sales. In the movie, starring Bill Murray and Andi MacDowell, Bill’s character wakes up every morning to the same day, doing the same things and having the same experiences. He eventually figures out how to get out of the re-cycling of Groundhog Day.

 

Can you relate?

 

How many times in a week or month do you find yourself covering the same tactics, talk tracks, and opportunity development strategies? As the late Andy Rooney of 60 Minutes would ask, “Did you ever wonder why”? Wonder no longer.

Trial the Highly-Predictive  Pre-Hire Sales Assessment

If the Will to Sell is the fuel (see the second article in our series), then the Sales DNA (audio explanation of Sales DNA) acts either as friction that stops/slows your sales vehicle or as a superset of tires that smooths the road and improves performance.

 

 

Looking at the chart, you can see this candidate is “supercharged” based on the green markers. No assembly is required here. The questions now become:

  • As of today, are you looking for this data before hiring?
  • If a candidate has weak Sales DNA, but you decide to hire them, how do you train and improve the root causes or drivers of sales outcomes?
  • Do you have the capacity to address these competencies?
  • How is your current vetting process uncovering sales-specific behaviors and beliefs?
  • If you are not using any assessment, how would you know if your candidate is weak or strong in these areas?
  • Suppose you could hire the candidate assessed above vs. the candidate you see below?

Stop taking chances with your new hire investment. Start taking an extra step-up front to identify if the candidate you are talking to has what it takes to become part of the top 10% of your sales company.

Let's discuss changing your hiring success to 92% positive predictive validity! Email me at tony@anthonycoletraining.com, provide your name and subject line "Hire Better".

Click Here for Additional Hiring Tools!

Topics: successful hiring, Sales DNA, increase sales, hire better salespeople, effective sales management, will to sell

Recruiting, Hiring and Onboarding Salespeople: It's in the Details

Posted by Tony Cole on Thu, Jan 14, 2021

In our first blog on How to Hire No Assembly Required Salespeople series, we discussed the four critical steps you must take to minimize hiring mistakes and identify top talent.

In this article, we cover critical selling competencies you must look for when sourcing and interviewing salespeople for your organization.

Indeed produces a series of ads on the radio discussing the value of their recruiting business solution. During the ad, the narrator describes the process as: “looking for a needle in a haystack.” Webster.com defines it as someone or something exceedingly difficult to find. E.g., Searching for an earring at the park is like looking for a needle in a haystack.

Suppose you find a needle and it’s the wrong needle?

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Not all needles are appropriate for every job. The same is true for salespeople. 

Unfortunately, when companies recruit salespeople, those responsible for profiling, attracting, vetting, interviewing, assessing, and eventually hiring and onboarding, fail to take the time to get the first step right.

Step #1: Know exactly what you are looking for

The primary criteria you should use to define the role/opportunity is: “Someone that will sell vs. someone that has sold or can sell.” The components of Will to Sell, as defined by the worlds #1 Sales Evaluation by The Objective Management Group Sales Assessment, are:

  • Desire
  • Commitment
  • Outlook
  • Motivation
  • Responsibility

Trial the Highly-Predictive  Pre-Hire Sales Assessment

Dave Kurlan and his team have evaluated over 2,000,000 salespeople from over 25,000 different companies. The assessment they have created has a 92.5% predictive validity. The findings indicate that if a candidate does not score well in the Will to Sell then they are less likely to:

  • Succeed compared to those that score well
  • Be coachable and trainable
  • Have the longevity needed to reach profitability

Let's look at the graphic to the left. This is what you should be looking for first and foremost when hiring a “no assembly required” candidate! The Will to Sell is the fuel that drives the engine of a successful salesperson.

For this article, let’s assume that green is good and red is bad. If you knew nothing else about a candidate other than what you see in this chart, what do you know based on the colors? That’s right. This candidate has a strong desire and commitment to be successful in selling, they have a great outlook no matter what, they own their sales outcomes and personal goals, and they have strong motivation.

I assure you that you won’t find this information in the resume, the job application, or during your interview process. Why? Because:

  • A candidate will not admit they are weak in desire and commitment
  • They will not tell you that they make excuses
  • Those responsible for hiring are not asking questions about what motivates them
  • The candidate has one job when they talk to you over coffee or when they show up for the interview – convince you they are the best thing since sliced bread!

Based on the graphic to the right, an example of a candidate with weak Will to Sell competencies, the question I always ask is: how soon would you want to know this information? The answer is as soon as possible.

 

Better yet, how about before you hire them?

 

Let us add another question: when you hire a candidate that has this level of Will to Sell, when do you typically find out? Typically:

  • The first 90 days post-hire
  • Within the first 6 months of employment
  • After they have failed to meet validation requirements
  • When you start having discussions about performance improvement

 

The real answer is when it’s too late and expensive. This first step in your recruiting process is critical. I assure you that if you evaluate your team by doing an Ideal Fit, you would see that your top people, as well as some of your bottom, have a very strong Will to Sell.

 

If that is the case, then why do salespeople with a strong Will to Sell still fail? Stay tuned for part 3 in our series on the impact of Sale DNA.

Click Here for Additional Hiring Tools!

Topics: hiring better sales people, increase sales, onboarding sales people, top sales performers

4 steps to Hiring "No Assembly Required" Salesperson

Posted by Tony Cole on Thu, Jan 07, 2021

Hiring sales talent is often a costly, difficult, and time-consuming task. However, it's mandatory in order to grow an organization and sales team.

In this blog, we discuss how to identify top talent and minimize hiring mistakes by following a 4 step process.

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Hiring mistakes are expensive. Before we dive further into this topic, let's consider the following:

  • According to the Department of Labor, the cost of a bad hire can be as high as 30% of first-year earnings
  • Additionally, the CEO of Link Humans estimated the average cost to be as high as $240,000 plus expenses
  • A study of CFOs said that not only do bad hires cost them productivity, but managers spend 17% of their time supervising underperforming employees
  • Lastly, CareerBuilder reports that 74% of employers state they hired the wrong person for the job

If you have a salesforce of 25 people and 20% of your new hires fail due to lack of performance, the cost can be $100,000.00+. In a conversation with Roy Riley, President of Peel and Holland Insurance Agency, he stated that hiring mistakes are a 2-comma problem.

 

Maybe you are part of the 26% that have not admitted to making hiring mistakes. Perhaps a better piece to read would be this article, What Elite Salespeople Do Better, by David Kurlan.

 

Otherwise, here are four steps that, if followed and executed effectively, will cause you great excitement, create a more positive impact on revenue from new hires and drive a more profitable margin for your business.

Trial the Highly-Predictive  Pre-Hire Sales Assessment

Step #1: Hire for Will to Sell rather than Can Sell  

Most personality evaluations will tell you if a candidate has the personality traits consistent with successful salespeople. This information will tell you about characteristics like building relationships, being solution orientation, etc. 

What you want to know is their:

  • Desire and commitment to be successful specifically in selling
  • Ownership of outcomes
  • Motivation to succeed (specifically what motivates them)
  • Outlook when things aren’t going well

 

Step #2: Hire those that are big, fast, and strong

In other words, hire for specific sales DNA such as:

  • Ability to Recover from rejection
  • Beliefs about selling that support success in sales
  • Not inhibited by their own need for approval
  • Comfort asking about and discussing money
  • Can overcome their own buying beliefs so that they can execute a milestone centric sales approach

 

Step #3: Always be prospecting 

100% of the time, when I ask if a company is pro-active or re-active in their recruiting, they will tell me re-active. Yes, they go into the market and talk to candidates. But hiring people when they don't need them or hiring people that they can’t afford are not consistent traits. Here are my recommendations:

  • Schedule at least 20% of your time to focus on prospecting new sales candidates
  • Have a system in your organization where key people are responsible for setting prospecting activity goals and asking for introductions to other talented salespeople
  • Report recruiting activity just like you ask your salespeople to report sales activity in huddles or sales meetings

 

Step #4: Eliminate variability in the performance of your recruiting process

Too often, companies with a large footprint allow market executives to sway from the recruiting processes established by Human Resources. Companies assume that the local executive needs to have the flexibility to maximize the recruiting opportunities specific to their area. Which is causing ineffective results. Instead:

  • All job attraction posts must work from the same format
  • The first step is always to evaluate the potential candidate using a sales-specific skills assessment
  • The next step is to do a 5-10 phone interview (unless phone skills are not important)
  • The initial interview must operate like an audition
  • Use scorecards for the assessment, phone interview, and initial interview so that decisions to move forward are objective
  • Provide the next person in the selection process an interview guide with key focus points
  • Make offers to only those candidates that are committed to making a transformational career change
  • Prepare candidates to decide at the time of the offer by eliminating think it overs after you present your offer
  • Confirm with the candidate that they are prepared to go through your 3-to-6-month onboarding process in its entirety. No Exceptions.

 

In the next article, I will go through the steps and provide some more detail about each, and share with you how data can help you select candidates so that you can improve your success rate to 92% and grow your business!

Click Here for Additional Hiring Tools!

Topics: cost of hiring mistakes, hiring salespeople, key to successful hiring, sales onboarding, hiring top salespeople


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    About our Blog

    Anthony Cole Training Group has been working with financial firms for close to 30 years helping them become more effective in their markets and closing their sales opportunity gap.  ACTG has mastered the art of using science-based data and finely honed coaching strategies to help build effective sales teams.  Don’t miss our weekly sales management blog insights from our team of expert contributors.

     

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