Post by shiyabul on Aug 20, 2024 3:45:39 GMT -5
Moreover, sales rep turnover: counter, floor, inside sales, and field sales turnover has long been a thorn in the side of most businesses. According to the Bureau of Labor Statistics report (via Apollo Technical) the voluntary turnover rate in the U.S. is %. At BB sales departments, it’s even worse. One study by SiriusDecisions (now part of Forrester), cited by Xactly in its blog, calculated that about half (%) of BB sales teams have turnover rates around %.
IN NEARLY EVERY INSTANCE, THERE https://lastdatabase.com/ ARE SPECIFIC REASONS WHY EMPLOYEES ARE LEAVING, AND ONE OF THE BIGGEST IS THAT WORKERS ARE NOT ENGAGED. Thus, employee retention initiatives will continue to be doubly important for sales leaders. Their most productive sales reps may start looking for better compensation to offset surging inflation that is likely to affect the economy for the rest of this year.
How Employee Retention Rates Affect Companies Each employee exit is costing your company. Some of the costs are direct (recruiting fees, relocation reimbursements), while some are less obvious (employee morale). Here are just a few ways that losing a salesperson can negatively affect your business: Lost sales productivity. No newly hired sales rep hits the ground running and starts generating revenue.