What Do Sales Leaders Actually Look For When Hiring Salespeople?

September 1, 2024

When hiring salespeople, sales leaders typically look for a combination of traits and experiences, often with a keen eye for potential red flags over positive indicators:

  1. Longevity
  • Job Stability: In complex software sales cycles, it can take 4-18 months to close a deal. Frequent job changes every 12-24 months can raise questions about how much business the candidate has actually closed.
  • Commitment: While job moves have been more common during the pandemic and recession, too many can suggest a lack of perseverance when challenges arise.
  • Loyalty: Longevity with previous employers can indicate loyalty and support for the business.
  1. Sales Numbers and Details
  • Quantifiable Achievements: Include sales figures on your resume. Without them, it’s hard for hiring managers to understand your capabilities.
  • Contextual Information: Provide details like Average Order Value (AOV), Annual Contract Value (ACV), sales cycle lengths, key stakeholders, territories, SDR/BDR support, industries, and major achievements.
  • Relevance: Tailor your experience to the role. For example, selling £1500 ACVs to local shop owners isn’t relevant if the role requires selling £250k ACVs to asset managers.
  • Clarity: Don’t leave hiring managers guessing. Clear, relevant information helps them assess if you’re a fit for the role.
  1. LinkedIn Presence
  • Professional Appearance: Invest in a professional photo. Avoid selfies or mirror photos.
  • Consistency: Ensure your LinkedIn profile matches your resume. Discrepancies can raise integrity questions.
  • Achievements: Highlight your sales achievements for social proof.
  • Activity: Be active on LinkedIn. Posting, commenting, and sharing shows you’re engaged and up-to-date.
  • Detailed Roles: Clearly outline your roles and responsibilities. Generic titles like “Sales Manager” don’t provide enough context.
  1. Research and Invested Interest
  • Preparation: Understand the company’s technology, target audience, and unique selling points before the interview.
  • Insightful Questions: Prepare thoughtful questions about the company’s performance, culture, and what they look for in employees.
  • Top Performers: Learn about the traits of their top salespeople and their progression paths.
  • Personal Connection: Be ready to explain what interests you about the company and how you can contribute.
  1. Attributes and Qualities
  • Emotional Intelligence
  • Integrity and Honesty
  • Drive and Tenacity
  • Self-Motivation and Persistence
  • Adaptability
  • Team Player and Coachability
  • Human Approach
  1. Network
  • Transferable Relationships: Highlight your network and relationships that could benefit the new role.
  • Relevant Connections: Outline specific client wins or relationships relevant to the new company.
  1. Closing the Interview
  • Close Effectively: Treat the interview like a sales prospect. Seek feedback and commitment for the next steps.
  • Follow Up: Connect with the interviewer post-interview, thanking them for their time.

Things to Avoid

  1. Overselling Yourself:
    • Be honest about your contributions and achievements. Don’t claim all the credit if it was a team effort.
    • Avoid exaggerations about your performance and rankings.
  2. Swearing in Interviews:
    • Even if the interviewer uses informal language, it’s best to remain professional.
  3. Waffling Answers:
    • If you don’t know an answer, be honest. It’s better to admit it than to ramble.
  4. Badmouthing Previous Employers:
    • Frame any negative experiences professionally. Avoid disparaging comments about past employers.
  5. Allowing Interruptions:
    • Ensure you’re not interrupted during the interview. Keep your phone on silent, notifications off, and avoid any disruptions.

Final Thoughts

There’s no perfect formula for an interview, as each one involves human emotions and varying business needs. Be prepared, understand your capabilities, and clearly communicate how you can help the business. Be honest, don’t force anything, and aim for a natural fit with the company.

Written by:

Aaron Farrel

Senior Consultant

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An Exploration of RegTech

August 22, 2024

RegTech (Regulatory Technology) refers to the use of technology, particularly information technology, to help businesses comply with regulations efficiently and effectively. This involves automating and optimizing processes related to regulatory monitoring, reporting, and compliance. RegTech solutions are designed to reduce the burden of regulatory compliance, enhance transparency, and improve accuracy in compliance activities.

Key Aspects of RegTech:

  1. Automation: RegTech automates repetitive compliance tasks, such as data collection, monitoring, and reporting, reducing the need for manual intervention.
  2. Data Management: It helps manage vast amounts of data required for compliance, ensuring data integrity and easy access for audits and reporting.
  3. Risk Management: RegTech tools identify, assess, and mitigate risks by providing real-time insights and analytics.
  4. Reporting: Streamlines the process of generating and submitting regulatory reports to authorities, ensuring accuracy and timeliness.
  5. Monitoring: Continuously monitors transactions and activities to detect suspicious behavior and ensure compliance with regulations.
  6. Identity Verification: Enhances Know Your Customer (KYC) processes through advanced technologies like biometrics, AI, and blockchain.

Applications of RegTech:

  • Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF): Tools to detect and prevent money laundering and terrorist financing activities.
  • Know Your Customer (KYC): Solutions for verifying the identity of clients and ensuring they are who they claim to be.
  • Risk and Compliance Management: Systems to manage and mitigate risks and ensure adherence to regulatory standards.
  • Fraud Detection: Technologies to identify and prevent fraudulent activities.
  • Regulatory Reporting: Platforms to automate the submission of regulatory reports to authorities.

Benefits of RegTech:

  • Cost Efficiency: Reduces the costs associated with compliance by automating labor-intensive processes.
  • Accuracy: Minimizes human errors, ensuring more accurate compliance.
  • Speed: Accelerates compliance processes, enabling faster responses to regulatory changes.
  • Scalability: Easily scalable to meet the growing regulatory demands of businesses.
  • Enhanced Security: Improves data security through advanced encryption and secure data handling practices.

Why is it a Good Time to Work in RegTech?

  1. Increasing Regulatory Requirements:
    • Governments and regulatory bodies worldwide are continually updating and expanding regulations, especially in the financial sector. This constant change creates a strong demand for innovative solutions to manage compliance efficiently.
  2. Digital Transformation:
    • As more businesses undergo digital transformation, the need for RegTech solutions that can handle vast amounts of data and complex regulatory requirements is growing. Companies need advanced technologies to stay compliant in a digital-first world.
  3. Rising Financial Crime:
    • Financial crime, including fraud and money laundering, is on the rise, especially with the increase in online transactions. RegTech offers sophisticated tools to detect, prevent, and manage these crimes, making it a crucial industry.
  4. Emergence of New Technologies:
    • Technologies like artificial intelligence (AI), machine learning (ML), blockchain, and big data analytics are becoming more prevalent in RegTech, offering new ways to enhance compliance processes. Professionals in this field can work with cutting-edge technologies.
  5. Global Expansion:
    • As businesses expand globally, they must comply with multiple regulatory environments. RegTech provides scalable solutions to manage compliance across different jurisdictions, driving the need for RegTech professionals.
  6. Increased Investment:
    • There is significant investment in the RegTech sector from venture capitalists and financial institutions. This investment is fueling innovation and creating numerous opportunities for growth and career advancement.
  7. Focus on Efficiency and Cost Reduction:
    • Companies are under pressure to reduce compliance costs while maintaining high standards. RegTech solutions offer automation and efficiency, making them an attractive option for businesses looking to streamline operations.
  8. Consumer Demand for Privacy and Security:
    • With growing concerns over data privacy and security, consumers expect businesses to protect their information. RegTech solutions help companies meet these expectations by ensuring compliance with data protection regulations.
  9. Career Opportunities:
    • The rapid growth of the RegTech industry is leading to a surge in job opportunities. Professionals with expertise in compliance, technology, and finance are in high demand, offering diverse career paths.
  10. Impactful Work:
    • Working in RegTech allows professionals to contribute to a safer and more transparent financial system. The work has a direct impact on reducing financial crime and improving regulatory compliance.

Overall, the convergence of increasing regulatory demands, technological advancements, and the need for efficient compliance solutions makes it an excellent time to work in the RegTech industry.

Written by:

Aaron Farrel

Senior Consultant

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Welcome to Reviva Resourcing

August 13, 2024

What Does Reviva Do?

Let’s go back to 2021, when the idea for Reviva was born. My goal was to start a recruitment company that wasn’t just another recruitment company. With over 30,000 agencies registered in the UK, according to www.newmillennia.co.uk, many of which likely focus on tech recruitment, I wanted Reviva to stand out with a unique identity.

I studied UK businesses that had successfully differentiated themselves, recalling companies known for their charitable efforts, space recruitment, and specialization in Microsoft technologies. Their focus on a niche allowed them to excel through deep knowledge and targeted expertise. My early recruitment training taught me that specialization is key to high performance. While generalists can succeed, the top performers I’ve seen were always hyper-specialists.

So, what if we built a business around this hyper-specialism? This approach ensures everyone in our company works towards the same goals. While we might lose some business, the clients we do serve will benefit from our deep understanding and immediate impact.

We had our plan. Next, we needed to choose our specialization.

Reviva’s mission became clear:

  • Focus on a niche
  • Target a growing domain
  • Enter a market with limited competition
  • Address a subject where we can make a significant impact
  • Choose a topic relatable to everyone, not just our customers
  • Find a way to give back

Reflecting on my decade of experience, I noticed a common thread among my clients: many were software vendors in Risk Management. Researching further, I discovered significant challenges in regulations and compliance within financial services and capital markets, from customer onboarding to market abuse.

Statistics on crime and fraud in the UK, especially exacerbated by the pandemic, highlighted a growing need for robust solutions. As digital transactions increased, so did the opportunities for fraud. The pressure on digital money, crypto, and blockchain to comply with regulations also indicated a ripe market.

Searching for recruiters in the Regulatory Technology (RegTech) domain revealed minimal competition. Within minutes, I decided to specialize in RegTech. Thus, Reviva, dedicated to combating financial crime, was born (later adapted to “deorganizing crime”).

Our vision is to make the digital world a safer place for business. RegTech’s robust nature, with mandatory regulations for digital risk and fraud detection software, aligned perfectly with our goals. From day one, we’ve helped software vendors hire top talent in KYC(B), AML, EDD, CDD, ID&V, UBOs, PEPs, Sanctions, OCR, CTF, GRC, EMIR, MiFIR, MiFID, PDS2, VASPS, and supported SMF16/17 leaders with technology solutions.

Expanding our focus from financial crime to broader crime-fighting, we assist software companies in developing forensic, intelligence, and data-driven products to combat crime. Our mission remains steadfast: to support businesses in deorganizing crime and making fraudsters redundant.

Written by:

Aaron Farrel

Senior Consultant

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