Hi!
My name is c.j., and here's the May 2008 issue of Psyche-Selling TM eNewsletter.
The month of May could be when panic begins to creep in slowly. Some sales managers have realised that almost half the year has gone, but the sales target is still quite far off. The solution? Hire more sales people and conduct more sales training of course!
Hence this month's topics:
This issue's main article is on "Getting
the Biggest Bang for Every Sales Training Dollar You Spend",
and it shows you how the paybacks in sales training are evaporated
within a month, and what you can do about it
In brief:
According to research conducted by
Huthwaite,
87% of what is learnt in a sales training session will be lost
after 1 month upon completion of the training programme;
The training evaluation that the trainees filled in immediately
after the training have got little or no correlation with the
actual training effectiveness;
Rather, whether your next training will generate positive or
negative paybacks will depend on if you have a conducive
environment to help trainees apply what was learnt
To read the rest of this
newsletter, pls. click
here (http://www.psycheselling.com/page4.html).
Getting the Biggest Bang for Every Sales
Training Dollar
You Spend
by c.j.
Ng
The training evaluation that
the trainees filled in immediately after the training; or
The test results after the
training (whether immediately or 1 month or 6 months later) to gauge
whether the trainees remembered what was learnt.
Whether, before the training,
you have set the targeted observable behavioural changes
post-training;
Whether there is a conducive
environment to help trainees apply what was learnt; and
Whether there are tracking
systems in place to track if applying the learning points does
indeed improve business results
Pre-Training Needs Analysis
Evaluating performance
appraisals. Most established companies have some level of
performance appraisals for staff. Such reports usually provide
clear indication of what improvements the staff need;
In-depth interviews with
managers. Understand from managers’ point of view what their
subordinates need to improve;
In-depth interviews with
staff. NOT to ask staff what training they want, but what skills
they need to help them do a better job.
Companies that are attempting to set targeted behavioural changes
for the first may want to set small and easily achievable objectives
to build confidence. There may be some behaviours that may not be
easily changed with just a few training sessions, and companies have
to be realistic when setting such objectives.
Provide some monitoring and
coaching tools for managers to track trainees’ progress after the
training;
Provide managers with the right
coaching skills and encouraging them to a portion of their time
coaching their subordinates after the training; or
Get the trainers to conduct
post-training Q&A sessions. These are not necessary refreshers, but
rather Q&A sessions to help trainees implement what they learnt
Measuring the Real Value of Training
Monitor (either by internal
staff or external consultants) whether the application of the
learning points does give positive responses or results; and
Make necessary changes to the
training curricula if you get lower-than-expected results
A Better Tomorrow?
Power Breakfast Hour: 17 June 2008
Getting the Biggest Bang Out of Every Sales
Training Dollar You Spend
Join China Sales Performance Coach c.j. Ng in
this one-hour breakfast meeting where he will be sharing with you the
following insights:
How
to set your targeted
port-training observable behavioural
changes, prior to your sales training;
How to create
a conducive
environment to help trainees apply what was learnt; and
How to build tracking
systems for your sales training with min. resources
VENUE: Le Equilles Restaurant, Ground Floor, Xin Jin Qiao Plaza, 23
Beijing West Road (by Xizang Middle Road), Shanghai. Pls. enter
via Citadines Apart'Hotel at 55 Beijing West Road.
TIME: from 08:00 a.m. - 09:00 a.m.
Case Study:
by c.j. Ng
Tom provides Customer Relationship Management (CRM) solutions to
companies that would like to improve their sales revenue, while also
retain their best customers.
Who are the influencers in this sales scenario?
What roles do each of these influencers play?
Who will threaten the sale most? Why?
What else needs to be done if this sale is to succeed? Send your answers to
info@psycheselling.com
. The entree with the most impressive answer will get a
complimentary entry into the next Power Breakfast Hour session, or
have c.j. buy lunch.
About PsycheSelling.com
Psyche-Selling
TM
is a
wholly-owned brand of Directions Management Consulting Pte Ltd that
specialises in the field of improving
sales performance by enhancing the performance of the entire sales team.
Apart from the regular "selling skills training",
Psyche-Selling
TM
conducts pre- and post-training analysis, interviews, monitoring and
reviews, working closely with managers and even senior management, to
deliver real improvements in sales leadership and performance.
Enquiries and suggestions, pls. e-mail
info@psycheselling.com
or visit
www.psycheselling.com
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