December 4, 2009 12:29 PM PST
Patrick,
I've found it to be far more effective to give constant, immediate feedback rather than doing it in a once a year formal setting. With that said, a valuable annual exercise is to have each sales person develop their Business Plan for the coming year. We will review these together and it gives us an opportunity to take a "time out" and discuss at length the areas that are normally involved in a performance evaluation. I like it better as it takes the input and feedback and puts it into an action plan. As usual, some take the project seriously and benefit from the experience, and some don't. Either way, I like it better than an annual performance evaluation.
December 4, 2009 12:39 PM PST
When I was in management, I would see the amount of direct selling to agency selling. If mos=t of the business was agency, I would place a higher demand on getting local direct. If that didn't get results they knew that they would have agencies taken away. The should be a strong balance between local/direct and agency selling. Also the commission on agency sales was 7-1/2% where as direct was 15%.
Hope that helps