1. 5 Ways CEO’s Can Improve
Profits In Any Economy
PredictiveResults.com
2. 1 Increase Sales
Sales Teams are Underperforming
Opportunity
Typically the top 25% can outsell the
bottom 25% by 200% - 500% or
more.
Page 2 PredictiveResults.com
3. 1 Increase Sales
Wrong people managed poorly = disaster
12 Problem
1. Training seldom turns bottom
10
performers into top performers.
8 2. Many selection processes fail to
consistanly pick top performers.
6
3. Manager‟s motivation/coaching not
universally effective.
4
2
0
Quartile Quartile Quartile Quartile
1 2 3 4
Page 3 PredictiveResults.com
4. 1 Increase Sales
Assessment Data Predicts Performance
Facts
Sales behavior defines success
Behavioral Assessments can predict
sales behavior.
Analytical hiring with assessments
out-performs human interviewing
skills.
Manager‟s miss-read motivational
needs of many sales reps.
Page 4
5. 1 Increase Sales
Implement a 3 stage solution
Solution
Hire the right people
Train them well
Manage them more effectively
Page 5 PredictiveResults.com
6. 2 Reduce Turnover
Turnover is expensive
Opportunity
Turnover costs 1/3 of an employees
salary
Average company turnover is 14.4%
Best companies turnover is 4%
Best vs. average (10.4%) = $141,133
per 100 employees.
$40,711.61 = ave pay
4% 10.40% 50%
Page 6
7. 2 Reduce Turnover
Turnover is hidden
Problem
Most companies do not accuratly
calculate turnover or its cost
Most companies do not know the
cause of turnover
The people who are causing turnover
are not equiped to solve it
4% 10.40% 50%
Page 7
8. 2 Reduce Turnover
Turnover causes are known
Facts
Primary causes of turnover are:
1. Poor Selection
Selection
2. Poor Management
Management 3. Poor Compensation
Compensation
Page 8
9. 2 Reduce Turnover
Turnover can be reduced
Solution
Hire the right people
Manage them more effectively
Pay fair wages*
* Wages are less critical when the
other factors are eleiminated.
4% 10.40% 50%
Page 9 PredictiveResults.com
10. 3 Improve Customer Service
Customer Service Drives Sales
Opportunity
70% of American consumers are
willing to spend an average of 13%
9.1% more (9.1%) with companies they
believe provide excellent customer
service.
More Sales
*The 2011 American Express Global
Customer Service Barometer found
that
Page 10
11. 3 Improve Customer Service
Customer Service Drives Future Sales
Problem
It‟s not clear what defines “good
customer service” from the client‟s
9.1% perspective
Staffing critical, low paying positions
properly is difficult
More Sales
Page 11
12. 3 Improve Customer Service
Customer Service Drives Future Sales
Facts
Behavioral valididty studies can
define the ideal customer service
9.1% behavior
An adequate pool of candidates who
match the criteria exist
Managers who understand the
More Sales desired behavior can train and coach
CSR‟s more effectively.
Page 12 PredictiveResults.com
13. 3 Improve Customer Service
Customer Service Drives Future Sales
Solution
Define ideal behavioral style with
valididty studies
9.1% Staff CSR positions with ideal
candidates
Train and coach CSR‟s effectively
using behavioral understanding
More Sales
Page 13
14. 4 Improve Leadership Effectiveness
Leaders Drive Results
Opportunity
Poor leadership is costs the average
company 7% of their annual revenue.
Poor leadership accounts for 30% of
employee turnover
Employee productivity can be
improved by 5-12% through better
management practices.
*The Ken Blanchard Companies
1M 10M 100M
Page 14
15. 4 Improve Leadership Effectiveness
Leaders Drive Results
Problem
Hiring and promoting the wrong
people
Traditional management training
misses the mark
Too little attention paid to the
errectiveness of leaders
1M 10M 100M
Page 15
16. 4 Improve Leadership Effectiveness
Leaders Drive Results
Facts
40% of new executives fail within the
first 18 months ***
33% - 50% considered “successful”
after three years in the job **
2% of organizations believe “they are
doing a great job at developing
leadership talent” *
* SIOP
** Drucker
1M 10M 100M ***Ciampa and Watkins
Page 16
17. 4 Improve Leadership Effectiveness
Leaders Drive Results
Solution
Hire managers who‟s style fits your
needs
Train managers to coach and
motivate effectively
Build succession plan that includes a
steady flow of strong leaders
1M 10M 100M
Page 17
18. 5 Reduce Accidents
Accidents are expensive
Opportunity
4.6 injuries per 100 FTE*
Ave. cost $38,000 per injury**
$174,800 per 100 employees
*U.S. Department of Labor
** wages, productivity loss and medical expenses
Page 18
19. 5 Reduce Accidents
People Cause Accidents
Problem
Most accidents are caused by unsafe
behavior
Training, signs and procedures do
not ensure proper behavior
Page 19 PredictiveResults.com
20. 5 Reduce Accidents
People Cause Accidents
Facts
„Safe People‟ have fewer accidents
than the population at large
Studies show that „Safe People‟ can
be identified by their behavioral style
Managers and trainers do not
communnicate safety messages
effectively
Page 20
21. 5 Reduce Accidents
People Cause Accidents
Solution
Hire „Safe People‟ based on
behavioral style
Manage and communicate training in
style the connects with „Safe People‟
Page 21
22. 5 Ways CEO’s Can Improve
Profits In Any Economy
PredictiveResults.com