As Sales Personnel underperform-2009 corporate cutbacks abound.
April 18, 2009
The 2009 Sales Quota Update Survey results indicate that more than 200 corporate entities have made the following cutbacks:
— 69.34% Expense Restrictions (non-travel)
— 67.45% Travel Restrictions
— 62.26% Pay Freeze
— 55.66% Hiring Freeze
— 54.72% Layoffs
— 15.57% Pay Reductions
“As of the close of the first calendar quarter, only 37.8% of sales personnel are achieving their year-to-date sales quota,” reports David Cichelli, Senior Vice President of The Alexander Group, Inc.
Over half of the reporting sales departments are making across-the-board changes in sales quotas to match market realities.
More than 200 companies representing over 120,000 sales personnel contributed to the survey. Over 45% of the reporting companies have sales greater than $500m a year.
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http://www.salescompsolutions.com/res.html>