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Financial literacy training promises improved performance and higher retention

Selling Essentials RapidLearning Center

Why do high-performance organizations train employees in financial literacy, even if they don’t handle money for the organization? Withstanding the shocks Of course, financial education and training isn’t a panacea. For example, SHRM says, M&T Bank reports that its financial literacy program has spurred $5.1

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Training Incentives Are Vital in the Digital Sales Era

Sales and Marketing Management

My answer: sales training initiatives. We’re currently in what some might consider the golden age of sales training initiatives. Sales training has grown in importance in the past decade. A closer look at a sales training incentive program. In the COVID-19 era, online training and certifications have skyrocketed.

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A definitive guide to how to calculate sales ACV, the difference between ACV & ARR, plus examples

PandaDoc

Calculating ACV can deliver many benefits , from increased customer retention to better forecasting. It alerts you to a drop in customer retention. Let’s look at some examples of how different individuals might utilize ACV. To make this clearer, let’s look at an example. ACV is different from ARR. It helps you plan.

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Retention Red Flags: How To Tell A Customer Won’t Renew

Zoominfo

While customer acquisition is often a sprint, customer retention is a marathon with no clear finish line. Customer retention relies on many different factors all going right. Retention starts at the very beginning of the customer journey with the initial sales rep. If you’re lucky, it’s a long and satisfying journey.

Retention 130
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7 Must-Have Automated Documents for Sales Success

Companies are increasingly implementing technology to bring efficiency to their workforce. Data accessibility aside, teams continuously struggle with manual processes for document generation. Learn why automating your documents is key to sales success.

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Everboarding: The Onboarding and Training Approach of the Future

Allego

Sales reps forget 70% of training within a week and 87% within a month, Gartner research found — a concerning statistic for companies trying to train employees. Everboarding” should be the training practice of the future. This article originally appeared in Talent Management.

Training 103
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How a Sales Coaching Platform Can Affect Employee Retention

Sales Hacker

According to Forrester, it boils down to three main elements: performance feedback, knowledge transfer, and individual training. A dedicated sales coaching platform can provide everything the above example does not. In Forrester’s example, three new reps could cost $417,900 just to recruit and ramp. Data example by Forrester.