High Performance Sales | Blog

4.6, 4.5, 4.3, 4.2, 4.1.  These may look like judges’ scores in an athletic competition, but these figures actually represent a sampling of recent US unemployment percentages, which have been steadily declining for some time.  The most recent unemployment rate of 4.1% is the lowest in 17 years.  While this is encouraging for job seekers, it is worrisome for employers seeking to attract and retain strong sales talent to hit their revenue targets.

Headlines like these…

“Employer’s Hustle to Retain Job-Hopping Workers”

“Companies Seeing a Significant Increase in Employee Turnover Rates”

“US Workforce Expected to Experience Massive Shift” (thousands of baby boomers retiring daily)

… are forcing employers to re-think their attraction and retention strategies.

For those wanting to attract employees with bachelor’s degrees or Millennials, the situation is even worse, with unemployment for college grads only at 2.0% as of October 2017, and Millennials (and now Generation Z) coming into the labor market with very different expectations regarding their jobs and careers than previous generations.

In a word: Wow! I hadn’t attended Dreamforce (DF) since 2010, and I think it has tripled in attendance. Seems like DF must suck up all of the A/V production capacity in the Bay Area. How great it is to have 170k people pay to be sold to by Salesforce.com (SF) and the partner ecosystem and brand themselves with DF swag. Great business model – I’m certainly envious.

I had the pleasure of speaking during the conference at the Quotable Sales Summit in support of our book, The Multigenerational Sales Team.

Organizations across the globe are changing their sales & marketing strategies because of a fundamental shift in the buying process: access to information. Research shows that, on average, B2B customers are 57% of the way through the buying process and have consulted 10+ sources before engaging a sales person. [1] As a result, sales leaders are buying into the idea that “consumers increasingly use social media to inform their buying decisions” and that “social media has evolved from a marketing channel into a powerful lead generation and sales pipeline tool.” [2] 

While there is no question that social media can be an effective marketing channel, I began to wonder: who is really driving the demand for Social Selling, and is it the right channel to invest in for all customers?

In merely eight years -- by 2025 -- 75% of the workforce will be Millennials.

As a sales leader, does this sound anecdotal or material to you? 

Before you answer the question, consider these real scenarios that play out today and will continue at an increasing frequency:

• A 31-year-old sales professional calling on a 58-year-old decision maker
• A 55-year-old sales professional calling on a 34-year-old decision maker
• A 60-year-old sales leader coaching a 24-year-old seller
• A 32-year-old sales manager recruiting a 50-year-old seller

A sea change is underway in the generational makeup of our workforce that causes undeniable friction between people. Yet, very little (if anything) has been written about the implications between sellers and buyers and amongst sales teams.

The impacts of Baby Boomers, Gen X-ers, and Millennials co-mingling in selling situations will be more palpable and frequent than ever.

Quotable, a digital magazine and podcast published by Salesforce, just interviewed David Szen and myself on our recently published book, The Multigenerational Sales Team.  In it, hosts Kevin Micalizzi and Tiffani Bova ask us several central questions about the impact of generational differences on sales leaders, sales teams, and buyer-seller dynamics.

In Part I of this blog series, we explored the case for change, highlighting how generational diversity impacts a seller’s ability to connect with buyers from generations different than their own. This blog investigates how recent market and demographic shifts, such as the internet and generational differences amongst buyers, have created new dynamics in today's B2B buying process.

What specifically are Baby Boomers, Gen X-ers, and Millennial buyers looking for and how does a seller adjust?

As Millennials start climbing the ranks, decision-making authority is shifting toward the workforce’s youngest generation.  In the meantime, Generation X-ers take personal risks to establish a foothold in middle and upper management, while Baby Boomers cling to a management style marked by bureaucratic decision making. This changing of the guard is to be expected, but understanding generational nuances of buyers will be critical to ensure that the influences of age do not leave sellers at a disadvantage.

In our recent blog post, Why Leaders Are Failing At Managing Their Generationally Diverse Sales Teams, we explored how generational differences influence what attracts a seller to a new job versus what drives them away from a current one. In this post, we begin exploring generational differences amongst buyers and particularly, what happens when sellers sell across generations.

Have you ever heard an experienced sales manager complain about the “young sellers” on their team who demand inordinate attention and TLC, lack accountability, and quickly jump ship to a new and exciting roles elsewhere?

The topic of Millennials and their prevalence in the work place is not uncommon and while many seasoned professionals complain about their insurgence, I rarely hear of helpful tips or useful recommendations of how to successfully manage these “odd creatures”.

At a recent workshop I engaged in a conversation involving three parties, each from a different generation. Representing Generation X, I approached a Baby Boomer Sales Manager and a Millennial Seller discussing the ideal amount of activities required to fill out a “robust” pipeline. It quickly became clear that the Manager did not feel that the Seller was getting in front of enough prospects.

In consulting, we have the pleasure of working with clients across a variety of industries who share interesting stories.  Every once in a while you hear a story that makes you stop and think about the traditional ways we try and advance a sale. Here is one of those such stories…

There are an estimated 82 million Millennials and some are just a few short years away from entering into executive management. What makes them different?  What are they looking for in a buying process?  

Prepare yourself to start selling to them now.