talent management - a case study

11
1 Talent Management Are You Ready To Be World Class? Website Email Phone www.salesbenchmarkinde x.com info@salesbenchmarkind ex.com 1-888-556-7338

Post on 21-Oct-2014

3.198 views

Category:

Business


5 download

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

Page 2: Talent Management - A Case Study

2

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

Page 3: Talent Management - A Case Study

3

What Did Not Work• Issued Briggs Myers tests for entire sales

force• HR increases use of external recruiters• Sales managers go through interview

training

Page 4: Talent Management - A Case Study

4

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

Page 5: Talent Management - A Case Study

5

Competency Matrix (Example)• 18 Competencies defined with A, B and C Player

profiles

Page 6: Talent Management - A Case Study

6

Interview Questions (Example)

• Scenario-based questions identify whether candidate has significant experience

Page 7: Talent Management - A Case Study

7

On-boarding Plan (Example)• Each sales role receives an onboard plan and

assigned a mentor

Page 8: Talent Management - A Case Study

8

Scorecard (Example)• Sales performance management includes

scorecard reviews (sales goals & activities)

Page 9: Talent Management - A Case Study

9

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

Page 10: Talent Management - A Case Study

10

The ResultMetric Before AfterSales Turnover 25% 4%A Player % 5% 35%Quota Attainment 63% 98%Cost of mis-hire $1.5M/Yr $110K/Yr

Page 11: Talent Management - A Case Study

11

Learn More

Contact us to hear the rest of the story...Email - [email protected] - 1-888-556-7338

Talent Management Articles & Tools:http://www.salesbenchmarkindex.com/?Tag=Talent+Management

Download the Hiring Self Assessment Checklist Here

Subscribe your email to receive our Sales Force Effectiveness blog articles by email free:http://www.salesbenchmarkindex.com/Read-the-Sales-Force-Effectiveness-Blog/