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Can Sales Candidate Assessments Drive Results?
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| Guest post by: Dave Kurlan |
Article Overview: Do sales assessments drive sales results?
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Free Download - Sales Courage and Resilience By Dave Kurlan |
Can Sales Candidate Assessments Drive Results?
Dave Kurlan is a top-rated speaker, best-selling author, sales thought leader and highly regarded sales development expert.
That's the claim made by one assessment company - that their sales assessments drive results. Well, do they? The obvious answer is "No, they don't."
They claimed that salespeople who scored highest on their assessments had 69% higher close rates. That's impressive, right? But their assessment didn't drive the results. Those salespeople drove the results. Their assessment simply indicated that those salespeople would be more successful. That is what an assessment is supposed to do! They could just as easily said, "Our assessments do what they're supposed to do!"
So let's take a closer look at a 69% higher close. It means that if the salespeople with a lower score close 1 of every 10 opportunities, then the strong salespeople, who scored highest on the assessment, will close 69% more of their 10 opportunities, or 1.69. It's not nearly as impressive as it sounds, is it?
So how do their claims compare withObjective Management Group's(OMG) Sales Candidate Assessments?
We'll start with the easy statistics.
1. 92% of the sales candidates we recommend that are also hired rise to the top half of their sales forces within one year.
2. 75% of the sales candidates we don't recommend, that are hired anyway, fail within the first six months.
Now, let's dive a bit deeper.
One study across multiple industries with clients who use Objective Management Group's Sales Candidate Assessments had the following highlights after two years:
- Managers were able to recognize how much stronger the candidates were as early as the first interview;
- New salespeople ramped up and built leverageable pipelines much more quickly than salespeople who were hired using other methods;
- The quality of their pipelines were significantly better than salespeople who were already in place;
- Conversion ratios varied depending upon industry but the salespeople hired using OMG's Sales Candidate Assessment averaged a 2x improvement. That's not twice the ratio of salespeople with lower scores, those who shouldn't be hired. No, it's twice the ratio of the veteran salespeople who were already succeeding!
- The revenue generated by these salespeople was a 3x improvement! Not only were they closing twice as many opportunities, but the opportunities were significantly larger!
Can any other sales assessment really come close to OMG's accuracy and Predictive Validity? Not yet. And since we continue to add breakthrough predictors of success rather than sit on our laurels, it's not likely that anyone ever will. At least not on my watch!
I'll be hosting a Webinar on Wednesday, May 18, at 1 PM ET, where I will walk end-users through the latest enhancements to our Sales Candidate Assessment. You can register to attend at no cost by clickinghere.
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Article Tags: sales, sales assessments, sales recruiting
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About the Author: Dave Kurlan RSS for Dave's articles - Visit Dave's website Dave Kurlan is a best-selling author, top-rated speaker and thought leader on sales development. He is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling (Dan Seidman), Stepping Stones (Deepak Chopra and Brian Tracey) and 101 Great Ways to Improve Your Life, Volume 2 (David Riklan). Click here to visit Dave's website Visual Pipeline Salesperson Selection Predict Sales Turnover |
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