Showing posts with label Staffing. Show all posts
Showing posts with label Staffing. Show all posts

Friday, 28 August 2015

How to Keep Your Sales Staff Motivated

One of the main drivers of business success is retaining top staff, but perhaps even more important than this is keeping your top earners motivated and performing. The difference between a thriving business and a failing business lies with how much revenue your salespeople are bringing in each month, so ensuring they are performing at their best is vital. Keeping your staff ‘on the ball’ and busy is often more difficult than it sounds, so here are some of our thoughts on how best to approach the matter.

Rewarding Performance


A finely tuned and thought out compensation structure is one of the best ways to motivate staff, especially salespeople. Too often businesses are not representing their top performers with incentive structures to really get them going. Having a cap on earnings and bonuses may seem to make initial sense to keep business costs down, but the logic is often flawed. Once one of your employees has reached their limit of earnings what’s in it for them to work hard? Put yourself in their shoes, if you hit your annual salary cap by October you will be inclined to coast along until the start of January, as selfish as this sounds it’s how the human brain is programmed to work. As long as your bonus structure is linked to profit made for the business and not just turnover, the increased salary you pay to an employee will only be rising in relation to money they make for the business. The best way to devise a bonus structure is to form it in such a way that it is a win-win for your employee and for your business.

Secondly, a lot of sales organisations are creating disincentives for staff by rewarding both poorly performing and highly performing salespeople. Giving bonuses to staff who meet the minimum required standard you expect as an employer sends out the wrong message. For example giving pay-outs to staff who achieve less than 50% of their sales goals discourages them from hitting their peaks, and communicates to your top performers that you as a business are satisfied with mediocrity. If you are looking to rejuvenate your sales staff and attract the best talent, a strong compensation structure is probably the best place to start.     

Encourage Competition


Many businesses assume that salespeople are only motivated by money.  This isn’t always true. Everyone enjoys that rush of competing against your colleagues and as an employer if you can encourage a bit of friendly rivalry between your staff your sales revenue is very likely to increase. As sad as it sounds everybody likes to ‘get one up’ on everyone and giving prizes to the best performing staff is a good way to get the best out of everyone. These prizes or rewards do not always have to be financial, an interesting reward scheme at a business I know is that the best performing salesperson for that month receives access to the best parking space at the company. Little things like this can really boost your employees to their top level. 

Written by Andy at Aaron Wallis Sales Recruitment.

Friday, 24 July 2015

How to Attract Top Sales Talent to Your Business

For me, the biggest ingredient of business success is a strong and effective workforce. Having talented and effective employees working for you means that your business will prosper and develop, and ultimately make profit. The problem is that every business is looking for the very best employees, so how can you make sure that the best sales people want to work for you?

Be an Attractive Option


At the end of the day someone will only join your business if they believe it’s somewhere they would like to work, and an improvement to the position they are currently in. The role and environment you are offering has to be better than what they are being offered elsewhere. This means offering a better package than your competitors, either financially or in other ways.

Most people would agree that the primary incentive to move to a new role is money. Basic human nature means that we look for the job which will reward us the most, and the most obvious point of gratification comes financially.  For this reason attracting top sales talent requires that you have to offer at very least a competitive market salary, but a package that surpasses your competitors will give you the greatest chance of attracting the top people. A good technique to attract the very best sales candidates is to offer a package weighted towards bonus or commission earnings. Successful sales people will be confident in the belief that they can sell a large amount of a product or service, and will see that a salary structure that rewards hard work will provide the best opportunity for them. This does often mean that you will end up paying an employee more, but if they are bringing deals to your business then the reward will always outweigh the cost.     

However as Jessie J would argue, it’s not always about the money. Another key thing people think about when considering a new job is the environment they will be working in, and what day to day life could look like for them in a new role. The atmosphere and facilities in a new position are a big deal to people, as it’s something they have to deal with every day. For this reason it’s important that your business has everything from clean and tidy offices to an accessible location.

Make Your Vacancy Visible


For people to want to join your business, they have to be aware of who you are, and that there is an opportunity available. This means placing the information about your job role in a place where it can be seen, or on a popular job board. Alternatively you could work with a recruitment agency to search for the top talent, which may be a quicker and more effective solution. The bottom line is that if people are not informed of a vacancy at your business, they are never going to apply to it or contact you.

Secondly the very best talent in the industry want to work for the best and most well-known businesses. Creating a strong brand presence in your business sector will help you attract the strongest candidates as they are more likely to look to you if they are considering leaving a business. Another benefit of this is that if you are headhunting a senior sales person, then it will always help if they are aware of your business and what you do. A combination of an attractive job opportunity and a visible business is the only way to secure the top sales talent.