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3 Enablement Levers to Maximize the Lifetime Value of Sales Talent

Last updated: 06-22-2019

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3 Enablement Levers to Maximize the Lifetime Value of Sales Talent

74% of companies are spending more on enablement efforts than they did last year, but sales enablement teams are struggling to quantify the value of onboarding and training efforts and identify what activities have the highest impact on rep productivity [1]. With average turnover at 30% per year, management is putting increasing pressure on HR and sales enablement to hire even more quickly and shorten onboarding time so reps can get into the field and start selling [2]. But are we actually having a negative effect on rep productivity by pulling them into the field too quickly? And how do we know if we are hiring and training reps with high potential?

To answer these questions, SiriusDecisions has developed a model of the lifetime value of a sales rep.  While sales enablement has become nearly synonymous with onboarding and boot camps, their research demonstrates that the largest productivity gains are realized by focusing on quality levers — in hiring, on-boarding, and on-going coaching. Here are 3 key levers of enablement to maximize the revenue impact of every rep in your organization.

“Hire better sales talent faster” probably sounds familiar — yet sales enablement has yet to fully integrate with HR when recruiting sales talent.  SiriusDecisions recommends that sales enablement lead the development of competency-based scorecards to manage sales recruitment. Sales enablement and sales leadership should jointly define what behaviors and activities lead to sales success. Competency based scorecards can help align teams on objective criteria to attract, identify and evaluate talent, shortening hiring time and ultimately identifying reps more likely to succeed.

Even more innovative sales enablement teams are using behaviors that have actually proven to actually yield higher customer engagement to define competencies. Sales Engagement Platforms can help identify the tactics and activities of reps that deliver higher quality customer engagement and shorter sales cycles based on an organization’s specific sales process and buyers

Managers are under pressure to onboard and deploy reps as quickly as possible. And while it can be tempting to cut training short to get reps into the field, it can have a negative long-term impact. Sales enablement teams need to focus on the quality and progression of onboarding in:

Taking a competency-centered approach instead of a time-centered approach — combined with certifying rep performance throughout the onboarding process — adds measurable value to overall sales rep ROI. Organizations can consider “tiering” training (basic, progressive, advanced) and putting reps into the field before onboarding is complete. However, a formal, comprehensive curriculum that reinforces the skills needed to be successful (based on the hiring competencies already identified) adds quantifiable value to sales rep productivity. A Sales Engagement Platform that captures engagement statistics about presentations and decks can help identify best practices based on your sales process — content that resonates based on buyer segment and how to present it for maximum impact.

Leading sales organizations also tap into their successful reps to support onboarding.  Successful reps sharing real-life examples show ramping reps what actually works for your buyers and sales cycle. For example, video recordings of successful meetings can help new reps gain practical examples of when and how to use content. Then, leaders can archive outstanding call recordings and meeting recording videos in a “pitch perfect” library — giving new and experienced reps alike a place to go for new ways to pitch content that are proven to engage customers. Creating an environment where reps can learn from the best practices of their peers will take some of the burden off of sales management, empower reps, and strengthen the team — all of which will drive improved sales results and help sales organizations see greater value from reps.

While improving talent acquisition and on-boarding phases of rep lifecycle can certainly yield benefits, SiriusDecisions finds that enablement efforts targeted at ongoing coaching and certification actually yield the greatest impact (often more than 2x the impact from on-boarding efforts). Ongoing coaching throughout the rep lifecycle not only improves quota attainment but also improves rep tenure. Research — and common sense! — indicate that higher performers are less likely to turnover and reps that are receive on-going coaching are less likely to leave. SiriusDecisions research confirms that long-term “feeding and watering” of high-performing sales talent provides the most significant benefit in extending rep lifetime value.

Unfortunately, sales leaders devote less than 20% of their time to coaching and many lack the insight and tools needed to coach effectively [3]. To maximize coaching efficiency for reps and leaders, SiriusDecisions recommends investing in “unassisted coaching” —  creating “micro-learning” moments and alternatives to live coaching such as audio and video recordings. A Sales Engagement Platform allows managers to identify top performers and struggling reps and deliver immediate and metrics-based coaching based on actual customer engagement. Meeting recordings can provide DVR-like functionality to review actual customer feedback, enable more effective 1:1s and role plays, and scale best practices.

Once reps are armed with best practices and empowered to succeed, managers need to keep reps motivated. A Sales Engagement Platform improves visibility of critical sales KPIs — increasing leader insight and keeping reps engaged in the right behaviors to deliver revenue.

While field reps often dismiss on-going certification efforts, it is important to note that 67% of experienced reps cite a lack of ongoing training as the reason for leaving companies [4]. Sales enablement should focus on experienced reps in the same way as new reps and create an effective certification program rooted in competency development. Certification should once again encompass content mastery, ability to apply the content, and field execution — helping ensure experienced reps get the value of ongoing training.

The mandate for Sales Enablement is broad, and using a model for maximizing lifetime rep value can help teams prioritize and focus on the levers with the greatest potential impact. Using a research-based framework can help organizations balance the pressure to hire and onboard reps faster with the need to develop top-quality reps and increase their value over time.

To learn more about this powerful framework, watch this webinar from SiriusDecisionson “The Art and Angst of Sales Talent Management.” It can help you add measurable ROI to every rep who joins your organization.

[1] SiriusDecisions Blog: Optimizing Sales Talent, Assets, and Communication [2] HBR: It Matters That Your CEO Doesn’t Know Much About Sales [3] CSO Insights: 2016 Sales Best Practices Study [4] SiriusDecisions: The Art and Angst of Sales Talent Management

Today’s post is by guest author Meera Mehta, Senior Director of Marketing for ClearSlide, a Sales Engagement Platform that integrates content, communications and actionable insights to improve results

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