Your goal as a manager is to get your new hires up and running and into production as quickly as possible to cover costs and avoid turnover.
Studies show that the quality of a new hire's ramp plan is directly related to how fast they produce revenue and how long they stay.
This is important to you because:
- Turnover cost can be 3x base salary.
- Nearly 4 in 10 sales hires leave within one year (ten year study - 39,000 companies)
- If they turnover, you have to do it again.