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What You Need To Know About Salary

Nov 04, 2021

Show Them The Money...

I get asked this same question almost every week:


"What salary should we pay for this (insert sales job title)?"


It's then followed up with


"...what's the lowest we could pay?"


Then I say:


"The right sales hire won't cost you a penny"



It's simple:



Lets say you're hiring an Account Executive with a revenue target of £1.2 Million per year


The salary range is £85k to £110k, (although you could justify a higher salary for world class AE). If they hit target, they will earn double salary in commission.


So year 1 they cost you circa £250k but make you a smidge under £1 Million



What if you make a bad hire?


How much of your time and lost revenue that will be? Who knows, but I'm willing to bet you aren't left with a 'smidge under £1 Million...



The point?


If you want an industry leading revenue generator, you'll have to pay an industry leading salary


...or they'll earn the big $$$ for another company.


I'm happy to benchmark on any salaries for any roles you are hiring for. Grab a quick zoom with me here: Zoom



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