talent management - a case study
Post on 21-Oct-2014
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DESCRIPTION
Instructions on how applying best practice Talent Management tools and processes helped a client reduce their turnover. A Sales Benchmark Index Case Study.TRANSCRIPT
Talent Management
Are You Ready To Be World Class?
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www.salesbenchmarkindex.com [email protected] 1-888-556-7338
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The Situation• $780M Healthcare software company
faces:– High turnover– Large number of C Players– Cost of mis-hires $3M in past 2 years
• Sales Leader wants to:– Upgrade all aspects of Talent Management– Ensure recruitment process yields A players
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What Did Not Work• Issued Briggs Myers tests for entire sales
force• HR increases use of external recruiters• Sales managers go through interview
training
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What Did Work• Competencies & Accountabilities defined
for all sales roles• Scenario-based interview questions
developed to identify competency strength
• On-boarding plans produced• Scorecards and Individual Development
Plans issued to entire sales force
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Competency Matrix (Example)• 18 Competencies defined with A, B and C Player
profiles
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Interview Questions (Example)
• Scenario-based questions identify whether candidate has significant experience
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On-boarding Plan (Example)• Each sales role receives an onboard plan and
assigned a mentor
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Scorecard (Example)• Sales performance management includes
scorecard reviews (sales goals & activities)
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The Solution• Redefined competencies for 6 sales roles• Established scenario-based interview
questions to determine competency match
• All sales people provided scorecards and individual development plans
• On-boarding plans provided to all new hires
• Managers trained on application of new TM process
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The ResultMetric Before AfterSales Turnover 25% 4%A Player % 5% 35%Quota Attainment 63% 98%Cost of mis-hire $1.5M/Yr $110K/Yr
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Learn More
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