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Iconixx Insights BlogSales Performance Management

Quick tips to optimize sales staff performance

By April 10, 2015June 11th, 2024No Comments

When overseeing sales performance management, managers often focus on their employees’ quotas. While these quotas suggest what employees are capable of, they do not give a comprehensive picture of workers’ potential.

Rather than simply use quotas to quantify employee performance, employers should implement a performance management approach that seeks to unlock the full potential of all their salespeople. A recent Gallup poll revealed companies maximize only 5 percent of their employees. These workers who are the top performers exhibit three significant characteristics that allow them to work at their best: having an employment history of 10 years or more at the same company, being engaged on the job and working at a position that lets them use their natural abilities.

With these characteristics in mind, employers could follow these tips to optimize employee performance:

Match employees’ positions to skills and experience
When employees know they are working a job that is a great fit for their past history and skills, they are more likely to be engaged with the job. Employers should match their employees to jobs that they feel comfortable doing and excel at the most, according to Gallup.

“Gallup’s research shows that employees are most likely to be engaged – and stay with their companies – when they report that their managers understand them and give them the chance to do what they do best every day,” Gallup said in the report. “Managers can help employees find ways to do more of what they’re good at.”

Train and educate employees for career success
Employees expect more out of their employers, especially when it comes to training and skill development opportunities. People who are good at their jobs frequently want to build on their existing abilities, according to Business 2 Community. They want to learn more sales techniques, technology and software and other innovative tools in the industry.

“Naturally curious, persistent types not only see learning as a way to reach their goals more quickly, but see self-development as a way of life,” Business 2 Community stated. “For them, learning and continual growth do not end at a certain age or stage of life but are the essence of life itself, and therefore never ending.”

Employers should ask employees what skills or sales techniques they want to enhance and provide them with corporate resources that will achieve this to increase employee engagement.

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Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

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Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

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KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

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