Posted by Dave Kurlan on Tue, Nov 05, 2019 @ 10:11 AM
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Do you like movies and TV Shows? I love them!
How do you go about selecting the next movie or show you will watch? Do you look for a specific show, watch the trailer and if you like the trailer, watch it? Or, do you look at all of the new releases, or everything in a particular genre, narrow down the selections, watch several trailers, and finally choose one?
Most people use the second scenario which, by the way, is a very good approach for selecting and hiring salespeople. Unfortunately, that's not how most companies go about it.
You need to cast the net as far and wide as you can to generate a large candidate pool. Then you need to assess all of the candidates in the pool. Most companies either don't use assessments, don't use the right ones, or wait until the final interview to ask candidates to take the assessment. Improper use affects quota attainment and attrition. See the stats below:
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As you can see from the slide, companies that don't use assessments have a 49% quota attainment rate, compared to 61% for companies using assessments and 88% for companies using Objective Management Group's (OMG) accurate and predictive sales-specific assessment. Isn't that compelling?
Consider these actual use results from an OMG user below:
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This global company, which hires around 30 salespeople per year, is not only the picture of consistency with the number of assessments used, but recommendation rates are within the normal range for roles considered to have significant difficulty. More importantly, look at the number of candidates they had to assess in order to hire the 29 who had the sales capabilities to succeed in the company's various sales roles! That's why you need to cast the net far and wide. 910 might seem like a large number but it's only 18 candidates per week spread among their many global locations.
if your typical candidate pool has many fewer candidates and you don't use an accurate and predictive sales candidate assessment, it's no surprise as to why your sales recruiting efforts are hit or miss with an emphasis on miss. When you hire salespeople, they are all supposed to meet or exceed expectations for pipeline building and revenue generation. It shouldn't be a cause for celebration when they do!
Assessing all of your candidates upfront allows you to focus on only those candidates who are recommended for the role, saving time and money that would be wasted calling and interviewing candidates who don't have what it takes or wouldn't be a good fit for the role.
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