I can attest to the findings referenced in this Manpower survey: Just last week, ManpowerGroup released the results of its sixth-annual Talent Shortage Survey. The survey included almost 40,000 employers across 39 countries and territories. Globally, 34 percent of employers say they are having difficulty filling positions. The three most challenging occupations are Technicians, Sales Representatives, and Skilled Trades. The reasons most often cited are lack of experience, lack of available applicants and lack of technical skills. In the US, there is the added reason that candidates looking (sic.) for more pay than is offered. Don’t you find that last line interesting? Candidates are negotiating the compensation plans. In sales,… Read More
Continue ReadingThe Social Salesforce
Salespeople are motivated by many factors, but the primary, most common motivation is Utilitarianism. The drive is for a return on investment. Most people first think of money which is a good example, but it is bigger than that. It involves a return on time, effort, energy, resources, etc. 72% of the top salespeople in any market or company are motivated by Utilitarianism. Now imagine a salesforce that is not compensated in some manner by commission – a group with a strong Social motivation. You would then have this story from the Boston Globe – A noncommissioned sales force? You’re crazy: What is it that Little, vice president of sales… Read More
Continue ReadingCompensation – Keep It Simple
Every year we find December to be a fertile time for sourcing salespeople. One of the biggest reasons – the upcoming year’s compensation plan. More specifically, new commission plans tied to new quotas. The salespeople receive the new plan and are, well, disgruntled. Or ticked off. Good salespeople tend to look outside for new opportunities when their commission plan gets over-adjusted following a strong year. Let me speak clearly here – I am all for raising the bar, but you do have to take all factors into account before setting the new targets. ManageSmarter.com offers up this article – Fast Track Your 2008 Sales Compensation Plans – with 10 tips… Read More
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