Salespeople quit. Just like any other position in other industries, people will leave their jobs. While it’s not ideal for sales managers to see their best people exit the organization, it happens. It’s something you’ll need to manage to keep your sales team strong and productive.
As a lifelong salesperson and a 20 year Sales Recruiter, I’ve learned there are many reasons why salespeople choose to quit their jobs. Some have to do with them and others with the organization. But, most often, people quit because of something their employer is not doing. While our sales recruiters could list off a long list of reasons top sales talent quits, we’ve narrowed it down to the 4 most common reasons. We discuss them below:
We all know that money was going to be on the list. Hustling for the commission is what drives great salespeople and, for some sales reps, money is the biggest reason they quit. Everyone wants to be paid well and we all want a good benefits package.
According to the Sales Happiness Index, “43% of salespeople who want to leave their current job cited a lack of benefits and 31% cited a lack of bonuses. Additionally, 6 in 10 salespeople would be motivated to leave their company for better benefits, while 51% would be motivated to leave for higher pay.”
They add, “Salespeople who feel under-compensated know full well that they’re in demand, and many aren’t willing to wait around for things to change.”
It’s not just about the base salary either. Reps are either not making enough or they feel they are limited by commission structures, incentives or quotas.
People want to be recognized for their efforts and they will quit if they feel underappreciated. According to a recent report, 79% of people will quit their jobs because they feel they are not appreciated by leadership. This is a significant number.
Sales is a tough job. Reps have to deal with a lot of pushback and objections from customers. They have to put in a of effort to hit their sales targets each quarter. When sales managers fail to recognize this, it can be demoralizing. When people feel underappreciated, they will disengage, their performance can suffer, and they will go to work somewhere else where they will be recognized.
Salespeople like to do what they do best – sell. When they start a job, it’s important to be clear with your sales team about what their role entails. Too often, companies offer vague explanations of job duties, only for salespeople to find out they spend less time selling than they anticipated.
Studies show they spend less than one-third of their time on sales. They spend 65% on other non-money-making duties. This can include things like meetings, CRM data entry, reporting, and other administrative tasks. If you are a sales organization that has your top sales talent spending most of their time on non-sales activities, you’ll risk losing them. Salespeople want to focus on selling.
Salespeople don’t quit jobs or companies, they quit because of their sales manager or boss. This is true of sales professionals from all levels of experience, even top performers. They commonly quit because there is a disconnect with their sales manager. This can be for many reasons:
There are many reasons why a salesperson could choose to quit. As a sales manager, some of these you have control over, and others you do not. Here are some additional reasons you could see salespeople walk out the door:
Salespeople will quit. Nobody stays forever. But there is a big difference between losing a rep here and there and having difficulty keeping top talent in-house. If you have issues retaining your top talent, it could be a result of one of the top four reasons salespeople quit. Give careful consideration to these factors to identify ways for you to improve your retention rates.
6 Tips for Managing a Remote Sales Team
4 Ways Sales Managers Can Coach Salespeople Into Sales Champions
6 Ways To Spot Red Flags In Sales Candidates
5 Sales Workforce Trends You Can Expect to See in 2024
What Sales Jobs Will Be Most in Demand in 2024?
Rhys is a tenacious, top performing Senior Sales Recruiter with 15+ years of focused experience in the Digital Media, Mobile, Software, Technology and B2B verticals. He has a successful track record of headhunting top performing sales candidates for some of the most exciting brands in North America. He is a Certified Recruitment Specialist (CRS) and has expert experience in prospecting new business, client retention/renewals and managing top performing sales and recruitment teams. Rhys enjoys spending quality time with his wife, son, and daughters, BBQing on a hot summer day and tropical vacations.