May 13th, 2013

How to Update Sales Talent Profiles without Tanking Your Business

sales-talent

How to Update Sales Talent Profiles without Tanking Your Business

Tinkering with your profile of a successful sales rep is risky business, but what can you do when you know the talent that got you where you are today won’t get you where you need to go in the future? For example, maybe you need to transition from a product to a solution-led sale, manage accounts more strategically, or take a more assertive insight-led sales approach. Your business is constantly changing, and you probably have good reason to redefine the attributes of your future top performer. How can you make this transition to minimize risk and disruption?

The Assessment-based Approach

One way to implement new sales talent profiles is to conduct an assessment-based talent audit. This involves developing competency models for your different sales roles, assessing your people (hopefully with a valid, compliant assessment instrument), and comparing how well they compare to the model of a top performer.

Sounds simple, right? Well, there are inherent risks in this approach. Psychographic assessments can help you understand the optimal sales behaviors, but they don’t tell you what top performers actually do and what they do differently from their lower-performing peers. The assessment only tells part of the story. Additionally, the results are based on probabilities and need to be carefully validated over time to determine if the profile is truly predictive.

What happens when the assessment tells you that half of your top performers don’t fit the profile? Will you believe it? Will your sales managers buy into it? Are you prepared to bet on the new profile and manage steady performers out of the business? That type of upheaval would limit your ability to meet current goals and objectives and destabilize your business by lowering the morale of your remaining workforce. For this reason, talent audits alone may not be sufficient.

The Process-based Approach

Another approach is process-based. In this situation, you would define your optimal sales process, identify key performance indicators and verifiable outcomes, and force change by altering your sales management processes. This allows you to apply pressure where it is likely to produce change that aligns with your new vision. If you do this, you will also need to develop a proactive recruiting pipeline because not all people can adapt to the new processes and will leave.

With the talent-based or process-based approach, you are likely to experience high rates of attrition, and the primary by-product of attrition is disruption. Along with the loss of existing staff, you may lower morale, decreasing motivation and productivity. They key is managing the implementation of new profiles to maximize opportunities for positive change and limit disruptions.

We Recommend a Hybrid Approach

A hybrid approach combines aspects of talent audit and process development. The hybrid approach delivers the change you desire but in a more measured and gradual manner that is more likely to get buy-in from your existing team, ease the transition, and decrease disruption.

  • Study behavioral differences and similarities

Create two study groups: sales reps who are top performers today and those who you believe have the traits to be successful in the future. Go through the assessment process to determine if people within each group share any common traits and if there are noticeable differences between the study groups and the top and average performers. This will help you decide if there are significant behaviors that differentiate successful sales reps today from what you believe will be needed tomorrow.

It’s also important to understand the differences, if any, between the two study groups to understand what you might be giving up in return for what you want to gain. For example, if you want to transition to sales reps who are proactive and assertive, you might be giving up traits that build trust and relationships in return. This might be good or bad for your business, but if you need to make tradeoffs, it is better to make these decisions with your eyes wide open.

  • Build on what works

Start by observing top performers to better understand what they actually do day-to-day in their jobs. Chances are they’ve figured some things out that enable them to be more successful that you can replicate through process enhancement or training. This will also help you understand what your stars will need to do differently in the future to stay at the top of their game.

Capitalizing on existing successful practices also makes your new profiles feel homegrown, diluting the instinct to resist change. Your study should extend beyond those who have a history of success. For example, it could include recent hires from companies that have sales practices you want to emulate.

  • Create a foundation for sales managers to reinforce desired behaviors

Understanding what currently works helps you define a best-in-class customer engagement process. Once you have a process that you know works today, you can make gradual adjustments over time to the process that you believe will be necessary for the future. This gradual approach enables you to test and validate that your process is actually working.

Having a process enables you to identify verifiable outcomes to determine if the process is being executed and metrics to measure the effectiveness of execution. These give your sales managers more substance to manage to and reinforce the behaviors you are trying to change. If your managers have even basic metrics and adequate skills and know the right questions to ask, they can coach sales reps more effectively.

Predictive metrics also give sales reps a sense of control over their changing environment because they know what is expected and how they will be measured. Greater understanding leads to greater comfort and less disruption.

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About The Author: Dario Priolo

As Chief Strategy Officer, Dario Priolo is responsible for driving Richardson’s market, product, and corporate strategy and planning — sharing critical insights with clients to help them win in today’s changing market place. Dario gathers intelligence and market and customer knowledge to: drive Richardson’s innovation; ensure that Richardson offers the best and most relevant solutions for clients that exceed client satisfaction; and raise awareness of Richardson’s extensive capabilities with sales and business leaders.

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One Response to “How to Update Sales Talent Profiles without Tanking Your Business”

  1. May 14, 2013 at 5:34 am, Sales management courses said:

    I have made use of a sales management course that has proven to be extremely useful in my sales teams.

    [REPLY]

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