ACTG Sales Management Blog

Sales & Sales Management Expertise Blog  

How to Make a Job Offer the Candidate Can't Refuse

Posted by Tony Cole on Thu, Mar 18, 2021

Making a job offer that a candidate can’t refuse, needs to think over, or can use to get a better deal from their current employer can be a difficult task.

In the 8th blog of our series No Assembly Required Hiring, we discuss how to properly set up the offer meeting to help improve the probability of getting a yes from your sales candidate.

pexels-andrea-piacquadio-3760067

Whenever someone asks me what my favorite movie is, my immediate response is Rocky. What is probably a better movie, and always in the discussion about best movies ever, is The Godfather.

There are so many great and quotable scenes, but one of the most memorable is when young Michael Corleone explains to his girlfriend Kay Adams how Frankie Fontaine became a star because he got a part in a movie that the director didn’t want to cast him in. His response was, “My father made him an offer he couldn’t refuse.”

That is one of the secrets to getting candidates to accept your offer, as well as the following 6 keys. 

  1. Make them an offer they can't refuse. You can only do that if you know what they will say yes to. Here is what you do:
    1. Ask and discuss their criteria that must be met in a new opportunity
    2. Prioritize the criteria. One of the criteria will always be money and associated benefits, title, expenses, contract terms, and conditions. Get all of this out on the table early. Let's call this table stakes. If you can't meet the table stakes, get out of the game. You can't win.
  2. Set the expectations for the offer meeting/discussion. Assume for purposes of this article that you uncovered every single decision-making factor and two things have happened:
    1. They have bought your value proposition on why this is a transformational move that meets their objectives and goals
    2. You can meet all of their criteria
  3. Deal with the incumbent or current employer and rehearse for the counteroffer
  4. Make sure all other contenders are eliminated
  5. Tell the candidate that you are prepared to:
    1. Make an offer that meets their criteria and priorities
    2. Compensate them in a way that meets their financial needs, goals, and objectives
    3. Answer all of their questions
  6. Explain to the candidate that at the end of the meeting, they will be in a position to accept or decline the offer. Then ask, "what objections do you have to that process?"

You can expect any candidate to say something like, “I don’t know how I could accept an offer I haven’t seen.” That is easy. Remember, you have uncovered all of their criteria and prioritized their needs, wants, and objectives. You know what the financial requirements are, and you can meet or exceed them. You’ve made sure that they have compelling reasons to make a change and that change MUST take place. If you’ve done that and you presented an offer that meets all the criteria, what is there to think about?

There are four things they could be thinking about:

  1. They really can’t make a move or don’t want to make the move
  2. They are hiding something about the money or other criteria
  3. Someone has put another offer on the table, and they want to compare
  4. They don’t know if they can leave their current people and or join your people

Deal with these things before you consider making an offer. You will probably still want to make an offer, and you will probably let the candidate think it over. But do your best to follow these keys to make it incredibly hard for them to say no. Worst-case scenario, take a page from The Godfather.

Click Here for Additional Hiring Tools!

Topics: sales talent acquisition, hire better salespeople, key to successful hiring, recruiting sales talent

11 Common Mistakes When Interviewing Sales Talent

Posted by Tony Cole on Thu, Mar 11, 2021

In previous articles, I have talked about the things you should do during the hiring process to improve your success when sourcing sales talent. Today, I will specifically address things you should refrain from doing during the interviewing process.

adult-african-american-people-black-women-business-1181605-1

 

The interview is probably the 3rd most critical part of the hiring process. Two other areas set the stage for a successful hire that I will cover later:

  • Making an offer
  • Onboarding your new hire

 

But for now, let’s stick with the interview process. Interviewing, in most cases, involves more than just one meeting, and it should be considered a process rather than a singular event. In other words, the process should include but is not be limited to:

  • Pre-planning for your interview
  • Using data from the OMG pre-hire assessment, interview guides, and resumes to frame your meeting
  • The pre-interview conversation you had with the candidate to make sure they know what to bring or expect
  • Objective checklist for post-interview review and sharing
  • Ending the process with a candidate or preparing them for the next step

 

Within this process, there are several “deadly sins” committed that I will highlight here.

 

11 Deadly Interviewing Sins

  1. Not preparing the candidate. There are two things your candidate should bring or be able to validate in the interview:
    • Proven sales success (the best way to do this is for them to validate their income)
    • Sharing or being able to describe to you their calendar of appointments over the last 30 days and the next 30 day

  2. Selling the position, opportunity, or the company. Now is not the time for you or your interviewing staff to be selling

  3. Failing to understand that the candidate has one objective in mind: convince you that they are perfect for the job. This candidate will not look, sound, or act any better than they do when they show up

  4. Taking away the most important thing a salesperson must do: quickly establishing bonding, rapport, confidence, and trust. The meeting, after a cordial hello, should start with, “have a seat and let’s get started”

  5. Failing to have an objective list of questions you should answer when you review the interview with others:
    • Do I trust this person? (Would you trust them with your money, company, or family)
    • Would I meet with them again if I were a prospect?
    • Would I want to compete against this person in the market (your answer should be no)?
    • Would I buy from them?


  6. Eliminating the candidate immediately when you know they are not a fit. Just because you schedule an hour for the interview does not mean it needs to last that long. I assure you that you know when you know, and you should end the interview at that time.

  7. Make sure that you tell the candidate to book 90 minutes to 2 hours in-case it goes well. While you have them in the office, take them straight into the 2nd interview if they passed the first interview.

  8. Have a series of must-pass criteria:
    • Did they establish rapport?
    • Did they get rattled when I asked them difficult questions?
    • Did they ask questions?
    • How well did they tell stories, use analogies or metaphors?
    • Did they close me for the next step?
    • Did they prove, beyond a reasonable doubt, their sales and hunting success?

  9. Asking behavior-based questions and believing the answers. Again, they are there to convince you of how good they are. Salespeople are skillful at selling themselves, so you have to investigate further to uncover the truth

  10. Forgetting that this is an audition. Make the candidate roleplay:
    • Their opening phone call
    • The start of a discovery meeting
    • Dealing with objections, questions, and stalls
    • Asking for the business

  11. Forgetting that salespeople are different than the rest of the positions you hire. Your interviewer MUST be great at specifically interviewing salespeople.

Effective interviewing is an art and a science, and often we rely on our own biases, tendencies, likes, and dislikes when conducting interviews. Make sure you have some objective systems and processes established to take the emotion out of the decision. Make sure that these systems and processes allow you to compare candidates based on scorecards and checklists. Finally, make sure you are not desperate. Vince Lombardi stated that “Fatigue makes cowards of us all.” The same is true with interviewing. Not having a pipeline of potential candidates will make cowards of us all.

 

Click Here for Additional Hiring Tools!

Topics: sales talent acquisition, Interviewing, hiring salespeople, hire better salespeople

Recruiting and Hiring Salespeople: The 5 Minute Interview

Posted by Tony Cole on Thu, Mar 04, 2021

How important is it that your new salespeople be great on the phone? Assuming the answer is "very important" then your candidate screening process must begin with the 5-minute interview.

In the 6th blog in our series No Assembly Required Hiring, we discuss the importance of an effective phone screen to help identify great sales talent to help eliminate time spent with unqualified candidates. 

pexels-andrea-piacquadio-3760612

As they say in Sales 101, always ask questions that you know the answers to. In today's world of lead generation, social networking, and email blitz, sales organizations overlook the necessity for great phone skills. Regardless of the origin of the lead, eventually, most B2B salespeople, lenders, advisors, and solutions consultants will have to:

  • Pick up the phone and dial a number
  • Be able to capture a prospect's attention in an instant
  • Engage in a meaningful conversation
  • Demonstrates a high level of trust and confidence
  • Close for a qualified appointment 

If that sounds like something your salespeople ought to be able to do, then make sure you interview for those capabilities. The STAR (Sales Talent Acquisition Routine) Program we implement with our clients has the following initial steps:

  1. Create a profile that will attract the right candidates and discourage the wrong ones
  2. Post the job attraction post(description), and distribute the job attraction post to those engaged in working with you to find qualified candidates
  3. Upon interest from a candidate, review the resume, and if it meets your basic requirements to be employed, test them with the sales specific Objective Management Group Pre-hire assessment
  4. If the assessment comes back as Recommended for hire or Worthy of Consideration, then schedule a 5-minute phone interview with your phone interview specialist

These 4 steps are crucial to your success at hiring more qualified candidates, but none are more important than the phone interview!

WHY? 

Because your salespeople must be great on the phone. And if they must be great on the phone, when do you want to find out that they suck? As soon as possible. An effective phone interview will save you a lot of time interviewing people who are great at the audition but can’t play the role.

Trial the Highly-Predictive  Pre-Hire Sales Assessment

It will help you answer these questions immediately and early in the process:

    • Would I listen to this person if they called me?
    • Will they ask prospects questions?
    • When they face a difficult or challenging prospect, do they rattle easily?
    • Would I meet with this person just based on how they handled the phone call?
    • Did they close me for the next step?

These are all critical findings for you to uncover and the only way to do that is to test their phone skills upfront. This process is not impacted by you already knowing them or if they have a great reputation. It does not matter how many years of experience they have or how often they lead the company in sales. What matters is that when you hire someone, they will be able to pick up the phone, grab a prospect's attention, conduct a conversation, and close for an appointment. That is all you should care about early in the recruiting process.

Have more questions about the 5-minute interview process? Email Tony at tony@anthonycoletraining.com, subject line: 5-Minute Interview, and we will be happy
to conduct a demo 5-minute phone interview.

Click Here for Additional Hiring Tools!

Topics: Interviewing, 5 minute interview, hire better salespeople, assessing sales talent

3 Rules to Improved Candidate Selection

Posted by Tony Cole on Thu, Feb 25, 2021

When you don't have a pipeline of sales talent to go to when making a hire, you can become desperate. You become desperate because you believe having someone in the role is better than a vacancy.

In the 6th blog of our series No Assembly Required Hiring, Tony discusses how to avoid making reactive hiring decisions and the 3 rules you must follow to improve your candidate selection.

gerald fishing

What are your expectations of your salespeople when it comes to prospecting activity and a healthy pipeline? If you were going to go fishing, what is one of the keys to catching more fish? Not into fishing, then let us talk photography. If you want to capture the perfect sunrise picture, what is a fundamental principle to improving your probability of success? Last question to help make my point. If you want to improve any skill you have, change any outcome that you are unhappy with, what must you do?

The answer to these questions can be summarized here:

  • You expect your salespeople to consistently prospect
  • You need to have your lure in the water
  • You need to snap hundreds of photos to get the ONE
  • If you want to get better at a skill, you must practice thousands of times

What does this have to do with improved candidate selection?

Trial the Highly-Predictive  Pre-Hire Sales Assessment

Rule #1 Always be prospecting

As in the movie Glengarry Glen Close, when Alex Baldwin tells his salespeople to always be closing, I’m telling you to always be prospecting. 100% of the time over the last 25 years, when I ask sales managers, sales executives, and presidents if their prospecting was more proactive or reactive, they say reactive.  That is a problem because you are now acting out of desperation. When you become desperate, you feel pressure to find someone to fill the chair because your mindset is that you cannot let that chair go empty. Someone in the chair is better than no one in the chair. Do not believe that lie.  

The problem is, when you are reactive, it can also mean that you are being held hostage by someone. Let us assume that the recent open chair is a result of a termination you had to make. Chances are it was a decision that you made months ago but could not pull the trigger sooner because that employee:

  • Had tenure
  • Managed a single large account
  • Had a significant book of business or portfolio
  • Wasn't costing you anything

I want to challenge you on this. If you budgeted to hire two but could only grow headcount by one, who would be gone tomorrow? Then why are you waiting? You're waiting because you don’t have a pipeline of potential salespeople.

Rule #2 Own lead generation

I am not going to suggest that you stop using recruiting or placement firms. What I am suggesting is to stop using them as the reason you are not seeing enough candidates.

What do you do when your salespeople blame their lack of sales on the competition, the economy, or the mindset of your company? I am hoping you ask them: “If you didn't use that as an excuse, what would you be doing differently?" You must have that same attitude about filling your candidate pipeline.

If you own it, then you will fix it. Also, you can't blame HR or the hiring managers. You hired them; they have a responsibility to make sure the job is getting done consistently both in activity for candidate lead generation and execution of your recruiting process. 

Rule #3 Inspect what you expect

If you expect salespeople to report on sales activity, pipeline opportunities, and client retention meetings, then you and the executive team must submit to inspection on candidate lead generation, and execution of the recruiting/hiring process.

  • If you have a team of 5 people assigned to get introductions, network within associations, talk to former/current employees or connect with product partners, you need to inspect monthly their activity compared to the goal.
  • If your hiring procedures identify that assessing is the first step in the recruiting process, then you need to inspect that it's being done. No one should go rogue on this just because it is a candidate they know, and or the local president knows all the players in their market.
  • If you use a scoring process that objectively evaluates candidates every step of the way, then everyone that touches the process must follow and use the same process.

Failure to have a documented hiring process like the one we use, the Sales Talent and Acquisition Routine, will lead to inconsistent steps and processes. That will eventually result in the variability of performance from your new hires.

Click Here for Additional Hiring Tools!

Topics: Prospecting, sales talent acquisition, hire better salespeople, recruiting sales talent

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.

man-1082887_1920

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.  

Need Help?  Check Out Our  Sales Growth Coaching Program!

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.

Trial the Highly-Predictive  Pre-Hire Sales Assessment

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


    textunder

    Subscribe Here


    Most Read


    Follow #ACTG

     

    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.

     

    Recent Blogs