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The Truth Behind
     Why Your Best
    Sales Reps Leave




1
Your fiscal year came to an end.
                    Your top rep walked into your
                   office, collected his commission
                          check and resigned.

                  He contributed 20% of your new
                     revenue number last year.

                  He made more money than your
                          sales leader.

                             Yet, he left.

2
Why did you lose your
      top rep?
Here’s a secret…
           It’s NOT all about the money

    We regularly survey
       sales forces.

      The number one
        complaint is
    LACK OF COACHING
    FROM THEIR BOSS!

4
Want proof?

              Download the
     Sales Exit Interview Guide

    Interview recently departed reps.

    You’ll be surprised what comes out
      ahead of sales compensation


5
Exit interviews fail to give
  companies insight for
       two reasons:
1. They don’t happen
2. They’re done in-
    house



6
Most companies let their
    people walk out the door
        on the last day.

        Last Paycheck is
           provided.

     Badge and PC turned in.


         SEE YA!!

7
You are losing an opportunity to improve your
                      work force.

      Exit interviews can teach you about:
             •   Management concerns
             •   Training needs
             •   Lead generation challenges
             •   Sales process issues
             •   Competitive intelligence
             •   Compensation problems


8
Why continue
     treating symptoms
        when you can
    address root causes?


9
in house
                  Consider your options:
• DIRECT MANAGER
  – The #1 reason people leave is because of their managers. Good luck
    getting valuable insight if he’s doing it.
• INDIRECT MANAGER
  – A peer of the direct boss is giving the interview. Might as well have
    your manager in the room.
• HR
  – Reps do everything possible to steer clear of HR. Suddenly they’re
    going to open their hearts to them??
    NOT A CHANCE
Does your interview look
            like this?
11
Need a quick fix?
No time or resources to implement exit interviews?


Here are 3 easy things you
    can do to improve
   employee retention
      immediately
#1 - Coaching
     So many managers invest time in their lowest performers.
                ‘C’ players don’t make the number.

          Instead of wasting valuable time at the bottom,
                      OVER SERVE THE TOP.
                                   The best athletes in the world
                                  have coaches: Tiger Woods, Kobe
                                      Bryant, Serena Williams.

                                              Why??

                                          THE BEST WANT
                                            COACHING!

13
CEO Tip…
 Spend a ½ day in the field
  with your top reps twice
        per quarter.

  Give them coaching and
feedback on their sales calls.

          Not sure how?

     Read this before heading
          into the field.



14
#2 - Recognition
MAKE PERFORMANCE PUBLIC




                                        Do you have a
                                      scorecard showing
                                     the stack ranking of
     Being publicly recognized as
                                       your sales team?
     the ‘top rep’ is a huge point
        of pride for sales reps.



16
Bonus Tip
     This picture show a weekly ‘Bell
           Ringing’ ceremony at
              PeopleAnswers.

       Every Friday, new deals get
     recognized in front of the entire
     company. The rep rings the bell
     and talks about how he won the
                 big deal.

          Easy and Effective.


17
#3 – Environment

     Does your workplace look
      and feel like a morgue?




18
You’re a growing
      company with
      young, vibrant
        employees




19
Fortune released it’s 2013 list of 100 Best Companies to
                             Work For.
            Take a read through some of the aspects
                         of the Top 10:
                        “Sports contest”
                       “Creative anarchy”
                         “Talent shows”
                       “Red Zone report”
                          “Gift Cards”


20
Tip for the CEO: Create an Events Team
       Make it their charter to create quarterly
               events for the company

                                 Include a few
                                  top reps on
                                   the team




21
This picture is from an SBI client, Operative Media.
      Twice/year, they have the Operative Olympics in
                         Central Park
 Team uniforms mandatory.
½ day of sports, mental challenges
           and laughs.

The day ends at the local watering
 hole for beers and great stories.


The ROI with the team is
  100X the cost of the
         event

22
Exit interviews are a
     highly underrated way to
      diagnose issues in your
            sales force.




23
24
Need Help?
           Download this
     Sales Exit Interview Guide
      to help get you started.


         GOOD LUCK!


25
Learn More
 Enjoy the SlideShare? Don’t miss the next one! Click to follow us on SlideShare

 Sign up for our Sales Force Effectiveness blog by clicking here

 For access to this blog article, and many more; click here

     If you don’t have a content management process or need help
     optimizing your current one,
     Contact us to hear the rest of the story...
       Email - info@salesbenchmarkindex.com
       Phone - 1-888-556-7338
       Web: http://www.salesbenchmarkindex.com

26

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The Truth Behind Why Your Best Sales Reps Leave

  • 1. The Truth Behind Why Your Best Sales Reps Leave 1
  • 2. Your fiscal year came to an end. Your top rep walked into your office, collected his commission check and resigned. He contributed 20% of your new revenue number last year. He made more money than your sales leader. Yet, he left. 2
  • 3. Why did you lose your top rep?
  • 4. Here’s a secret… It’s NOT all about the money We regularly survey sales forces. The number one complaint is LACK OF COACHING FROM THEIR BOSS! 4
  • 5. Want proof? Download the Sales Exit Interview Guide Interview recently departed reps. You’ll be surprised what comes out ahead of sales compensation 5
  • 6. Exit interviews fail to give companies insight for two reasons: 1. They don’t happen 2. They’re done in- house 6
  • 7. Most companies let their people walk out the door on the last day. Last Paycheck is provided. Badge and PC turned in. SEE YA!! 7
  • 8. You are losing an opportunity to improve your work force. Exit interviews can teach you about: • Management concerns • Training needs • Lead generation challenges • Sales process issues • Competitive intelligence • Compensation problems 8
  • 9. Why continue treating symptoms when you can address root causes? 9
  • 10. in house Consider your options: • DIRECT MANAGER – The #1 reason people leave is because of their managers. Good luck getting valuable insight if he’s doing it. • INDIRECT MANAGER – A peer of the direct boss is giving the interview. Might as well have your manager in the room. • HR – Reps do everything possible to steer clear of HR. Suddenly they’re going to open their hearts to them?? NOT A CHANCE
  • 11. Does your interview look like this? 11
  • 12. Need a quick fix? No time or resources to implement exit interviews? Here are 3 easy things you can do to improve employee retention immediately
  • 13. #1 - Coaching So many managers invest time in their lowest performers. ‘C’ players don’t make the number. Instead of wasting valuable time at the bottom, OVER SERVE THE TOP. The best athletes in the world have coaches: Tiger Woods, Kobe Bryant, Serena Williams. Why?? THE BEST WANT COACHING! 13
  • 14. CEO Tip… Spend a ½ day in the field with your top reps twice per quarter. Give them coaching and feedback on their sales calls. Not sure how? Read this before heading into the field. 14
  • 16. MAKE PERFORMANCE PUBLIC Do you have a scorecard showing the stack ranking of Being publicly recognized as your sales team? the ‘top rep’ is a huge point of pride for sales reps. 16
  • 17. Bonus Tip This picture show a weekly ‘Bell Ringing’ ceremony at PeopleAnswers. Every Friday, new deals get recognized in front of the entire company. The rep rings the bell and talks about how he won the big deal. Easy and Effective. 17
  • 18. #3 – Environment Does your workplace look and feel like a morgue? 18
  • 19. You’re a growing company with young, vibrant employees 19
  • 20. Fortune released it’s 2013 list of 100 Best Companies to Work For. Take a read through some of the aspects of the Top 10: “Sports contest” “Creative anarchy” “Talent shows” “Red Zone report” “Gift Cards” 20
  • 21. Tip for the CEO: Create an Events Team Make it their charter to create quarterly events for the company Include a few top reps on the team 21
  • 22. This picture is from an SBI client, Operative Media. Twice/year, they have the Operative Olympics in Central Park Team uniforms mandatory. ½ day of sports, mental challenges and laughs. The day ends at the local watering hole for beers and great stories. The ROI with the team is 100X the cost of the event 22
  • 23. Exit interviews are a highly underrated way to diagnose issues in your sales force. 23
  • 24. 24
  • 25. Need Help? Download this Sales Exit Interview Guide to help get you started. GOOD LUCK! 25
  • 26. Learn More Enjoy the SlideShare? Don’t miss the next one! Click to follow us on SlideShare Sign up for our Sales Force Effectiveness blog by clicking here For access to this blog article, and many more; click here If you don’t have a content management process or need help optimizing your current one, Contact us to hear the rest of the story... Email - info@salesbenchmarkindex.com Phone - 1-888-556-7338 Web: http://www.salesbenchmarkindex.com 26

Editor's Notes

  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
  2. 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