31 Oct 2019, 16:12 — 4 min read
Background: What are some of the key competencies that a sales executive must have? This question not only determines hiring policy but also enables business owners and sales personnel address the areas they need to improve upon to boost sales.
I came across a 2015 HBR article “The Best Ways to Hire Salespeople” recently which made some interesting points on average annual turnover in sales and the replacement costs thereon. The article talks about how companies typically spend more on hiring in sales than they do anywhere else in the firm and thus how important it is to improve the ROI on this investment.
While it lists some quick areas to start and the methods to undertake the same, another graphic (below) on how the sales competency requirements have changed over the past two decades caught my attention.
Beyond 2014 timeline, I believe these requirements have undergone more drastic and outward facing change, requiring salespeople to be much more aware of customer motivations particularly with the explosion of information that customers are now exposed to and raising intrinsic awareness levels all around.
Also read: Do you have what it takes to be a sales shark?
I believe some of the top competencies circa 2019 would be:
Would love to hear fellow sales colleagues and hiring managers’ take on the above?
Image source: shutterstock.com
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24 Dec 2019, 15:00