Why Your Top Sales Performers Are Leaving The Company ?
Talent You Can Trust
Top Performers move around – it happens. But as the decision-maker, a top biller leaving you to join another company can have a devastating knock-on effect. And as if losing one top biller isn’t hard enough, often when one person goes, others follow.
You might like to think that this is out of your control or tell yourself “they weren’t that good anyway,” but it’s important that you accept some of the responsibility for your top billers leaving because you do have the power to do something about it.
So, what are some of the lesser-known hard truths about why top billers leave your company?
Their Time Is Important
Don’t be that leader who turns up twenty minutes late for scheduled meetings. This might just seem like business to you, but try to think of it from your employee's point of view: they won’t commit themselves to any other tasks while they’re waiting around for you, so this is twenty minutes of their day completely wasted. You don’t appreciate waiting around for people, so you shouldn’t expect others to do it either.
You also have to respect that your team do have lives outside of work. This can be a hard pill to swallow, but it will make a difference to morale in the office. We all know sales isn’t a 9-5 job, but people who love their job and your business will work outside of core hours when necessary without you even having to ask.
I once worked at a company that had a Monday morning meeting at 8 am! It played absolute havoc for people with kids, who had to juggle their personal schedule around this one meeting that could’ve easily started at 9 am. This type of practice sends a message to your team (even if unintentionally) that you don’t really care about your employees as people.
You need to innovate to stay competitive in sales, and your team will want to have some freedom to experiment and try out new strategies. But if you’re assigning them old-school cold calling targets and KPIs, you’re holding them back.
Why are we still placing so much emphasis on how many calls salespeople make? Don’t get me wrong, there’s always a place for sales KPIs as a tool for measuring success. But forcing your team to make sales call after sales call will just result in them running around as they feel pressure to hit your out-dated KPIs.
It’s far more productive to teach your team about making valuable connections with clients. Think about long-term strategies like building a personal brand, social selling, and investing in decent marketing.
Great salespeople want to be at the forefront of the industry, so you need to adapt if you want to hold onto them. Have you ever asked your team what metrics they believe really matter nowadays? I bet it would make for an interesting discussion and you might be surprised by what they have to say!
Which takes me to my next point…
You never ask what they think
You might think you’re the one who needs to have all the answers and that you’re the only one who knows what’s best for your business.
However, this is the kind of attitude that gets in the way of businesses growing – and it’s the kind of attitude that makes the sales team feel disempowered and want to leave.
Your team will be bursting with ideas and great insights into the business (and the industry more broadly) that you don’t get to see.
They’re your key to keeping your finger on the pulse - show them you value that by asking for their opinion. Strategy Days are a great way to implement this.
They Don’t Have Enough Time To Spend On Self-Development
If you want a better ROI from your team but don’t provide the training, you can forget it. I’ve heard so many sales professionals say that their training on the job has been practically non-existent but investing in your staff isn’t a ‘nice to have,’ it’s a must!
Providing training and development doesn’t just mean your team has more skills, it also means your best staff are less likely to leave. Personal development opportunities are the second most important factor for candidates when choosing a job, so why would it be any less important to the employees already working in your business? Your team needs to have the feeling they’re progressing and if they think they can’t progress with you, they’ll find somewhere else they can.
Making your company a great place to work will keep your top billers loyal and futureproof your company.