common knowledge ≠ common practice

25
COMMON KNOWLEDGE COMMON PRACTICE Rob Jeppsen CEO, XVoyant

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Page 1: Common Knowledge ≠ Common Practice

COMMON KNOWLEDGE ≠ COMMON PRACTICE

Rob JeppsenCEO, XVoyant

Page 2: Common Knowledge ≠ Common Practice

100%

Immediate 20 min. 1 hr. 9 hrs.

ELAPSED TIME SINCE LEARNING

RET

ENT

ION

%

1 day 2 days 6 days 31 days

80%

60%

50%

40%

30%

20%

100%

36%33%

28%21%

60%

25%

44%

EBBINGHAUS | FORGETTING CURVE

Page 3: Common Knowledge ≠ Common Practice

IMPACT OF THE FORGETTING CURVE

A Monumental Challenge

Page 4: Common Knowledge ≠ Common Practice

3 LAWS TO CREATE “READINESS”

Page 5: Common Knowledge ≠ Common Practice

1THE LAW OF MICROLEARNING

Choose ”Chunking” Over Comprehensiveness

Page 6: Common Knowledge ≠ Common Practice

THE LAW OF MICROLEARNING

Learning in short, digestible, bite-sized units

Page 7: Common Knowledge ≠ Common Practice

THE LAW OF MICROLEARNING

SPACED LEARNING EFFECT

Designing mLearning, Clark N. Quinn, 2011

Practice

Test

NormalLearningCurve

SpacedLearning

Curve

Spaced Forgetting Curve

NormalForgetting

Curve

Page 8: Common Knowledge ≠ Common Practice

THE LAW OF MICROLEARNING

Page 9: Common Knowledge ≠ Common Practice

Micro-Learning for Sales Rep Onboarding

Ramping new hiresin HALF the time

100% correlation between top 25% of

performers and Coach adopters

Success Story

Page 10: Common Knowledge ≠ Common Practice

2THE LAW OF DELIBERATE PRACTICE

Choose Conditioning Over Completion

Page 11: Common Knowledge ≠ Common Practice

THE LAW OF DELIBERATE PRACTICE

What is the #1 reason sales reps fail to hit quota?

Inability to articulate value in their sales conversations.

Pop Quiz…

THE Q U E S T I O N

89% of reps say pricing pressure has intensified in the last 3 years

68% say #1 reason for this is they can’t articulate a differentiated solution to their customers around their products or their messaging.

Less than 1/3 of sales organizations provide a way to practice customer conversations.

THE A N S W E R THE R E A S O N THE S U R P R I S E

Page 12: Common Knowledge ≠ Common Practice

WITHOUT REINFORCEMENT, EACH HOUR OF TRAINING MATERIAL REQUIRES 40-50 MINUTESOF RELEARNING.ALLEN COMMUNICATIONS, FEBRUARY 2016

Page 13: Common Knowledge ≠ Common Practice

THE LAW OF DELIBERATE PRACTICE

Page 14: Common Knowledge ≠ Common Practice

Performance Gains through Dialogue Practice

Digital coaching / feedback from leaders

in 5 days

Decreased time to customer readiness

Success Story

17,200 digital practice sessions completed

Page 15: Common Knowledge ≠ Common Practice

3THE LAW OF PREDICTABLE IMPROVEMENT

Choose Coaching Over Check-ins

Page 16: Common Knowledge ≠ Common Practice

THE LAW OF PREDICTABLE IMPROVEMENT

What moves the needle on performance the fastest?

APTITUDE

MOTIVATION

SKILL LEVEL

ROLE PERCEPTION

SALESPERFORMANCE

REWARDS ENGAGEMENT

Page 17: Common Knowledge ≠ Common Practice

THE LAW OF PREDICTABLE IMPROVEMENT

Coaching Drives Performance

Training Alone

Training and Coaching

4x22%

88%

Page 18: Common Knowledge ≠ Common Practice

THE LAW OF PREDICTABLE IMPROVEMENT

A Manager’s Greatest Weakness

0.090.06 0.05

0.02 0.02

(0.01) (0.02) (0.03)

(0.08) (0.09)

0.10

0.00

(0.10)

Custo

mer

and

Mar

ket K

nowledge

Rewar

ding I

ndividu

al

Sales

Per

form

ance

Produ

ct an

d Se

rvice

Knowledge

Ability

to G

ather

Sales

Res

ource

s

Sales

Expe

rience

Ability t

o Pro

vide

Direct

ion

Fair a

lloca

tion o

f

Opportu

nities

Effec

tive D

ecisi

on

Mak

ing

Coaching

Creati

vity /

Innova

tion

in Impr

oving P

erfo

rman

ce

PointsAllocated

Sales managers repeatedly underperform inthe criticl skill area of coaching their reps.

Page 19: Common Knowledge ≠ Common Practice

THE LAW OF PREDICTABLE IMPROVEMENT

0.70

0.490.58 0.57

0.26

0.63 0.600.60

0.27

0.07

0.80

Diff

eren

ce in

“In

ten

tion

to

Sta

y at

Co

mp

any”

fro

m t

he

Mea

n

0.00

0.80

LowPerformers

Scored Coaching Effectiveness in the Bottom Third

Low to AveragePerformers

AveragePerformers

Average to StarPerformers

StarPerformers

Scored Coaching Effectiveness in the Top Third

“Intention to Stay at Company” by Sales Performance and Coaching Effectiveness

Page 20: Common Knowledge ≠ Common Practice

THE LAW OF PREDICTABLE IMPROVEMENT

Direct Manager Needs to Coach

40.0

20.0

0.0

Your

Dire

ct M

anag

er

A High

-Per

form

ing Pee

r

An Inte

rnal

Sales

Spec

ialist

/

Tech

nical E

xper

t

A Man

ager

Oth

er T

han

Your

Dire

ct M

anag

er

A Men

tor

A Ded

icate

d Sa

les C

oach fr

om

With

in the C

ompa

ny

A Ded

icate

d Sa

les C

oach So

urce

d

from

Out

side t

he Com

pany

An Exte

rnal

Sales

Spec

ialist

/

Exte

rnal

Expe

rt

PointsAllocated

9.114.9

38

15.1

8.5 7.93.7 2.8

The notion of professional coaching (especially from outside the company) is poorly received.

While the manager is clearly identified as the appropriateprimary coach, reps recognize value of others.

Page 21: Common Knowledge ≠ Common Practice

THE LAW OF PREDICTABLE IMPROVEMENT

Learning Outcomes – Full Range of Possibilities

100

During Training After Training

80

60

40

0

20

LearningCurve

On the JobLearning Curves

On the JobForgetting

Curves

Learner

Page 22: Common Knowledge ≠ Common Practice

THE LAW OF PREDICTABLE IMPROVEMENT

Page 23: Common Knowledge ≠ Common Practice

Coaching to Create New Learning Curves

HireVue Coach has been far more e�ective than what we’ve seen

from traditional training programs

“We knew you were serious about coaching because you have the tools to enable it.” –

New Hires

Success Story

Page 24: Common Knowledge ≠ Common Practice

A “JUST IN TIME” MODEL FOR BEATING THE FORGETTING CURVE

THE LAW OF MICROLEARNING

Chunking vs. Comprehensiveness

DELIBERATEPRACTICEConditioning vs. Completion

ACTIONABLECOACHING

Coaching vs. Check-ins

Page 25: Common Knowledge ≠ Common Practice

Rob JeppsenCEO, XVoyant