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The Most Critical Mistake a Sales VP Can Make




                                          1
1
Over 42%
 of Sales
Managers
don’t hit
   their
  yearly
 number
            2
2
Who needs a sales
         manager if they
      Can’t hit their number?




A VP of sales might think…




                                3
3
Are you thinking the same?




                                 4
4
How are you
    measuring your sales
    managers?...


    Is it by quota
     attainment
         only?

           If so…
                      5
5
You are making the biggest mistake
           a sales VP can make




                                     6
6
When evaluating your Sales Managers in your talent management



program, you need to consider a minimum of

                          other than quota
                                             5    additional metrics




               Some common Non-Quota metrics are….



                                                                7
7
1   Turnover

               Are you
               losing ‘A’
               Players due
               to a bad Sales
               Manager?




                         8
8
2   Lost Selling Time




Do they consistently have vacancies on their
team? The number of selling weeks lost in a
 quarter has a direct impact on whether that
9         Sales Manager hits quota         9
3    Ramp to Productivity




            How long does it take for a Sales Rep
             to hit quota? If your Sales Manager
            can’t ramp new hires, it is a predictor
                     of future performance



                                                      10
10
4     Sales Team Quota Disparity

How many people on the team made quota?
Are a few saving the many?
Disparity can be a good predictor of long term success.




                                                      11
 11
5    Historical Quota Performance




              A missed quarter might not mean
              much. Inconsistency though, can
              lead to deep root problems        12
12
The key is to
take non-quota
  metrics and
compare them
   to quota
  attainment
                 13
13
14

Use a scoring tool such as this one
to see whether it is best to invest in
the manager or put them on the
 • 14




bubble
Call To Action
     • Involve more than quota attainment when assessing
       Sales Managers
     • Use both qualitative and quantitative to measure
       their performance to date
     • Choose 5-7 Non-Quota Sales Manager Metrics and
       weigh them into the scoring equation tied to your
       customers’ needs and company objectives
     • Use / Develop a key on how to measure each metric
     • Determine any circumstances out of their control

                                                           15
15
Learn More
 For a more detailed overview: The Most Critical Mistake a Sales VP Can Make

 Enjoy the SlideShare? Click to follow us on SlideShare

 Sign up for our Sales Force Effectiveness blog by clicking here




     Contact us to hear the rest of the story...
      Email - info@salesbenchmarkindex.com
      Phone - 1-888-556-7338
      Web: http://www.salesbenchmarkindex.com


16

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The Most Critical Mistake a Sales VP Can Make

  • 1. The Most Critical Mistake a Sales VP Can Make 1 1
  • 2. Over 42% of Sales Managers don’t hit their yearly number 2 2
  • 3. Who needs a sales manager if they Can’t hit their number? A VP of sales might think… 3 3
  • 4. Are you thinking the same? 4 4
  • 5. How are you measuring your sales managers?... Is it by quota attainment only? If so… 5 5
  • 6. You are making the biggest mistake a sales VP can make 6 6
  • 7. When evaluating your Sales Managers in your talent management program, you need to consider a minimum of other than quota 5 additional metrics Some common Non-Quota metrics are…. 7 7
  • 8. 1 Turnover Are you losing ‘A’ Players due to a bad Sales Manager? 8 8
  • 9. 2 Lost Selling Time Do they consistently have vacancies on their team? The number of selling weeks lost in a quarter has a direct impact on whether that 9 Sales Manager hits quota 9
  • 10. 3 Ramp to Productivity How long does it take for a Sales Rep to hit quota? If your Sales Manager can’t ramp new hires, it is a predictor of future performance 10 10
  • 11. 4 Sales Team Quota Disparity How many people on the team made quota? Are a few saving the many? Disparity can be a good predictor of long term success. 11 11
  • 12. 5 Historical Quota Performance A missed quarter might not mean much. Inconsistency though, can lead to deep root problems 12 12
  • 13. The key is to take non-quota metrics and compare them to quota attainment 13 13
  • 14. 14 Use a scoring tool such as this one to see whether it is best to invest in the manager or put them on the • 14 bubble
  • 15. Call To Action • Involve more than quota attainment when assessing Sales Managers • Use both qualitative and quantitative to measure their performance to date • Choose 5-7 Non-Quota Sales Manager Metrics and weigh them into the scoring equation tied to your customers’ needs and company objectives • Use / Develop a key on how to measure each metric • Determine any circumstances out of their control 15 15
  • 16. Learn More For a more detailed overview: The Most Critical Mistake a Sales VP Can Make Enjoy the SlideShare? Click to follow us on SlideShare Sign up for our Sales Force Effectiveness blog by clicking here Contact us to hear the rest of the story... Email - info@salesbenchmarkindex.com Phone - 1-888-556-7338 Web: http://www.salesbenchmarkindex.com 16

Notes de l'éditeur

  1. Contact us if you would like to understand how you can leverage benchmarking best practices for talent management.Email - info@salesbenchmarkindex.comPhone - 1-888-556-7338Web: http://www.salesbenchmarkindex.com