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Archive for the ‘Sales Training’ Category

Murphy and Sweeney Continue to Spar Over Cut in Sales Tax – NJ Spotlight

Posted: December 4, 2019 at 4:49 am

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Governor wants to restore 7% rate, where it was before his predecessor struck a deal with lawmakers to soothe hike in gasoline levy

Nearly two years after New Jerseys sales-tax was dropped to 6.625%, the tax cut remains a subject of debate between Gov. Phil Murphy and legislative leaders from his own party.

Murphy has long been a critic of the cut, which has cost the state budget more than $500 million a year at a time when bills for things like public-worker pensions have been rising.

The revenue loss has also made it harder for Murphy, a first-term Democrat, to boost funding for mass transit, community college tuition aid and other things that he campaigned on in 2017.

But many lawmakers, including Senate President Steve Sweeney (D-Gloucester), have steadfastly defended the sales-tax deal they cut with former Republican Gov. Chris Christie, which dropped the rate in two stages from 7%. They also resisted Murphys attempt to reinstate the old rate in last years state budget proposal, citing voter concerns about New Jerseys generally high tax burden.

The battle was rejoined just last week when Murphy called the tax cut a gimmick, in response to the latest education-funding proposal put forward by Sweeney. That drew a sharp response from the Senate president, who accused Murphy of seeking a $1 billion tax hike a figure that incorporates the revenue boost stemming both from repealing the sales tax cut and implementing the true millionaires tax the governor has championed as a way to bolster funding for K-12 schools.

At 6.625%, New Jerseys sales-tax rate falls below the highest in the nation, a distinction that goes to California, at 7.25%. The two-step reduction that occurred between Jan. 1, 2017 and Jan. 1, 2018 also pushed New Jersey below several other states that have a 7% rate, including Mississippi, Rhode Island and Tennessee.

Other factors mitigate the impact of the sales tax on households. New Jersey exempts many products, such as clothing and groceries. And, for the most part, local governments in the state are not permitted to levy their own tax on retail sales.

In all, New Jerseys sales-tax policies ranked 30thout of 50 in the latest State Business Tax Climate Index released in October by the Washington, D.C.-based Tax Foundation. That ranking is much better than where the state lands in the right-leaning organizations analysis when excise taxes are added to the equation. New Jersey sits at 42ndout of 50 in that expanded category, due largely to a significant increase of the state gas tax that was part of the same bipartisan deal that triggered the minor sales-tax reduction.

Yet Murphy has regularly criticized the tax swapapproved by Christie in 2016, arguing that most residents havent noticed any difference at the cash register.

Last week, Murphy again raised the issue, suggesting that restoring the 7% sales tax was preferable to Sweeneys proposal to allow some communitiesto offset reductions in state education aid by exceeding the current 2% limit on annual property-tax increases.

At that time, he also suggested again that raising the income-tax rate on earnings between $1 million and $5 million could yield even more money for public education and obviate the need for property-tax hikes.

Sweeney and other lawmakers have steadfastly resisted the governors push for a true millionaires tax, a key to Murphys tax-policythat hes estimated would raise more than $500 million each year.

Before middle-class property taxpayers have to again take it on the chin, we should be asking our wealthiest residents to pay their fair share through a millionaires tax and undoing Governor Christies tax gimmicks, including the sales tax reduction, Murphy said.

In response, Sweeney accused Murphy of once again seeking a major tax hike.

His proposed $1 billion tax hike wouldnt put a penny into overfunded districts under the school funding bill, Sweeney said, referencing the way state tax revenue is divvied up among district in the state.

While the dispute over tax policy is likely to continue on in 2020, the state could soon be facing another revenue crunchthanks to a deal on taxes that Murphy, Sweeney and Assembly Speaker Craig Coughlin (D-Middlesex) struck in 2018. The states top-end corporate-tax rate was increased temporarily to forestall the possibility of more broad-based tax hikes or deep spending cuts. But the temporary surcharge will begin phasing out on Jan. 1, with the rate dropping from 11.5% to 10.5%.

At the same time, the states projected pension contribution is expected to increase by roughly $750 million, to around $4.5 billion, in fiscal year 2021, which begins July 1. And right now, theres no agreed-upon plan in place to fund the higher pension contribution, other than hoping for continued growth in overall revenues.

Some groups, including the left-leaning New Jersey Policy Perspective, have also called for a reinstatement of the 7% sales tax.

In fact, a reportissued by the think tank last year also called for an expansion of the types of services that are subject to the sales tax as the economy continues to shift from the production of goods to services. Under NJPPs plan, services like real-estate management, loan brokerage, data-processing, limousines, chartered flights, accounting and bookkeeping would lose their current sales-tax exemption.

Christies sales-tax cut still barely registers with low- and middle-income families in New Jersey because items like clothing and groceries remain exempt from the sales tax, said Sheila Reynertson, the NJPP senior policy analyst who authored the report.

Instead, it primarily benefits the wealthiest residents in the state who have the most disposable income to spend, and robs the state of over $600 million in revenue that could be invested in areas proven to grow the economy like strong public schools, transit infrastructure, job training, and much more, she said Tuesday.

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Murphy and Sweeney Continue to Spar Over Cut in Sales Tax - NJ Spotlight

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December 4th, 2019 at 4:49 am

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Sales Training Market Technological Advancement, Growth Rate, Demand and Top Key Players: Action Selling, IMPAX, BTS, Imparta, The Brooks, DoubleDigit…

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Sales Training Market research Report is a valuable supply of perceptive information for business strategists. This Sales Training Market study provides comprehensive data which enhances the understanding, scope and application of this report.

A specific study of competitive landscape of the global Sales Training Market has alloted, providing insights into the corporate profiles, financial standing, recent developments, mergers and acquisitions, and therefore the SWOT analysis. This analysis report will give a transparent conceive to readers concern regarding the overall market situation to further choose on this market projects.

The Sales Training Market report profiles the following companies, which includes: Action Selling, IMPAX, BTS, Aslan Training and Development, Imparta, The Brooks Group, Janek Performance Group, DoubleDigit Sales

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This report studies the global Sales Training Market status and forecast, categorizes the global Sales Training Market size (value & volume), revenue (Million USD), product price by manufacturers, type, application, and region. Sales Training Market Report by Material, Application and Geography with Global Forecast to 2024 is an connoisseur and far-reaching research provide details related to worlds major provincial economic situations, Concentrating on the principle districts (North America, South America Europe, and Asia-Pacific) and the crucial nations (United States, Germany, United Kingdom, Japan, South Korea, and China).

Market Segment by Type, covers Sales Skills Training CRM Training Sales Channel Management Training Sales Team Building Training Others Market Segment by Applications, can be divided into BFSI Medical Real Estate Others

Market Segment by Regions, regional analysis covers North America Europe Asia-Pacific South America Middle East and Africa

Table of Contents

Global Sales Training Market Size, Status and Forecast 2024 1 Market Overview 2 Manufacturers Profiles 3 Global Sales Training Sales, Revenue, Market Share andCompetitionby Manufacturer 4 Global Sales Training Market Analysis by Regions 5 North America Sales Training by Countries 6 Europe Sales Training by Countries 7 Asia-Pacific Sales Training by Countries 8 South America Sales Training by Countries 9 Middle East and Africa Sales Training by Countries 10 Global Sales Training Market Segment by Type 11 Global Sales Training Market Segment by Application 12 Sales Training Market Forecast 13 Sales Channel, Distributors, Traders and Dealers 14 Research Findings and Conclusion 15 Appendix

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Sales Training Market Technological Advancement, Growth Rate, Demand and Top Key Players: Action Selling, IMPAX, BTS, Imparta, The Brooks, DoubleDigit...

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December 4th, 2019 at 4:49 am

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Artificial Intelligence (AI) and the Seasonal Associate – AiThority

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The holiday season is here and there are rafts of new associates manning registers and helping stores handle swarms of shoppers. But how are these associates finding their seasonal roles? Many retailers already use Artificial Intelligence (AI) in their recruiting systems for hiring the best and brightest seasonal help. Human resource tasks such as screening and hiring are more efficient and accurate thanks to the AI envisioned a few years ago and in operation today.

Nevertheless, landing a good employee is only the first step in making this season a winning year for shopper loyalty, conversions, and same-store sales. Once hired, every new employee instantly becomes a brand ambassador and critical resource for shoppers exploring the store, possibly for the first time. That good hire must quickly become a great ambassador or the bad news will travel fast. According to Andrew Thomas, founder of Skybell Video Doorbell, it takes roughly 40 positive customer experiences to undo the damage of a single negative review.

Read More: The Future of Works Most Crucial Component: Artificial Intelligence

Great ambassadors need help getting started and AI is about to tackle the problems of spinning up new employees.

New and existing employees serve the customer best when they are energetic, motivated and supported. Training is seldom effective in bringing out these essential human characteristics because they are an in-the-moment-every-moment responsibility. These human behaviors do not fit easily in a classroom when the real challenge occurs on the retail floor. Whats needed for behavioral support is continuous attitudinal awareness, gentle encouragement, motivational nudging and a supportive buddy who is always available.

Employees represent the company best when they know the products, have clarity of the brand and timely exposure to proven Sales messages a daunting challenge for a new employee in an industry where training time is costly and the Sales floor is frequently chaotic. Retailers need to know exactly which information needs reinforcing, who needs to hear the information, how much information they can digest when the best time to deliver it is and in which location the information makes the most educational impact.

Read More: Top 5 Best Pay Per Click Marketing Services in Dubai

The obvious vehicle for delivering both support and education to new employees is clear and continuous communication with veteran employees. Unfortunately, our 1950s walkie-talkies and our high-tech heads-down smart devices do not solve the problem nor fit the retail floor. The former clutters the ear with mostly irrelevant chatter, while the latter destroys both situational awareness and shopper rapport.

Whats needed is a conversational platform powered by Natural Language Processing that connects employees with each other or with the information available in the company IT systems on the spot, without having to rely on a screen. Using intelligent mediation within the communication platform assures each employee gets the best information, at the right time, in the right location.

Once a conversational platform replaces the old walkie-talkies, regular mobile devices become occasional-use, specialized tools. The AI platform learns the environment and transforms the employees measurably improving associate effectiveness and the shopper experience. Todays conversational platforms are able to add AI that dissects conversations and directs information to specific employees, at specific times, in specific locations. This information may be anything from the name of the customer approaching them to collect an online order in the store, a register backup call (with the opportunity to instantly respond), or an accurate technical answer to a question from an expert group anywhere in the world.

The conversations enabled between employees across the store contain the full context of what they know and offers management insight into how they share when they inspire, and where they perform the best. The conversations contain solutions.

AI is a natural progression in the evolution of conversational platforms for mobile store team members. The platforms available today connect employees, groups and IT systems using intelligent mediation while simultaneously collecting data for measuring performance. It wont be long before AI overlays these platforms with deep analytics of employee behaviors, derivation of critical messaging, and quantum leaps in shopper experiences.

Read More: The Future of AI: More Automation and Less Empathic Interaction

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Artificial Intelligence (AI) and the Seasonal Associate - AiThority

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December 4th, 2019 at 4:49 am

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T-Squared: Were creating our first local news revenue and training lab – The Texas Tribune

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It's a $4 million, three-year effort to identify sustainability strategies for our industry a freestanding entity in our Austin newsroom where well experiment with innovative ways to fund journalism, model best practices, and mentor dozens of our would-be peers.

by Evan Smith Dec. 2, 201912 PM

Here at Texas Tribune HQ, the last couple of months have been ... interesting. First we mounted our biggest and most successful ideas weekend ever: 450 speakers, nearly 9,000 registrants, $2.3 million in gross revenue. Then we announced plans for a massive investigative journalism strike force in partnership with our pals at ProPublica: five years, more than $8.5 million spent on deep-dive reporting, and eleven new hires. Then we celebrated the tenth anniversary of our launch a legit milestone. Then we told the world that our editor-in-chief and chief audience officer are leaving the nest to start the next great nonprofit news org, creating two openings on our masthead that will be among the best jobs in the business.

Today Im excited to share the latest big news from the Tribune: Were creating our first-ever revenue and training lab a freestanding entity, housed in our Austin newsroom, where well experiment with innovative ways to fund local news, model best practices that we hope will benefit the entire ecosystem, and mentor and coach dozens of our would-be peers. Rodney Gibbs, currently our chief product officer, will shift from that role to become the executive director of the RevLab, as weve already started to shorthand it. Hell soon be hiring a handful of people to join him in this noble pursuit of sustainability strategies for our industry.

The RevLab is a nearly $4 million, three-year initiative, and it will be funded by philanthropic support over and above our annual raise for operations. The good news is were already more than 60 percent of the way there: The Facebook Journalism Project has generously made a lead gift of $2.5 million to fund our earliest work part of its overall commitment, announced in January, to spend $300 million to help local news organizations grow and thrive. Well raise the remaining $1.5 million from any number of generous organizations and individuals who believe, as we do, that were more all more thoughtful and productive citizens when were better informed and more civically engaged.

Of course, the Tribune has been in the modeling-of-best-practices business for a while now. Going back many years, weve been regularly hosting groups of news entrepreneurs idealistic, visionary, eager to serve their communities who want to better understand our approach to our work over the last decade. Theyre interested in lessons learned, mistakes made, unexpected successes. They ask to tour our office, see our budget, spend time with our department heads. They hope to absorb the sales pitch to our members and donors: that this is as much or more about strengthening our democracy as it is about enabling great journalism. They ask to appropriate the tools and products weve built for their organizations. And they seek our guidance on the technical challenges all newsrooms face when it comes to realizing the full financial value of their work.

They dont assume we certainly dont that we have all the answers, but we may have some that apply to their situation back home. Were happy to be a resource for our fellow travelers. We welcome them into our midst whenever they call, and all of this consulting and sharing, from day one through today, is free (it always will be). The creation of the RevLab is a formalizing of this process. It will allow us to dedicate time to and train our focus on helping more start-ups and even some existing orgs think creatively about the future of local news.

This is great news for the Tribune and, we think, for journalism. Were honored to do this work and cant wait to get started. Watch this space for more on the RevLabs launch, job postings, and the ways communities around the country can benefit.

Perhaps it goes without saying but producing quality journalism isn't cheap. At a time when newsroom resources and revenue across the country are declining, The Texas Tribune remains committed to sustaining our mission: creating a more engaged and informed Texas with every story we cover, every event we convene and every newsletter we send. As a nonprofit newsroom, we rely on members to help keep our stories free and our events open to the public. Do you value our journalism? Show us with your support.

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T-Squared: Were creating our first local news revenue and training lab - The Texas Tribune

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December 4th, 2019 at 4:49 am

Posted in Sales Training

The Keys to Successful Sales Training – Printing Impressions

Posted: November 16, 2019 at 3:41 pm

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Ryan T. Sauers has spent 25 years leading and/or consulting with printing, graphics, promotional and visual communications related organizations. Ryan is President of the independent consulting firm, Sauers Consulting Strategies, founded in 2010.

Key areas of focus of the firm include: sales training, marketing strategy, personal branding, leadership development and organizational change.

Sauers is a frequent national speaker and columnist. He has been recognized as one of the top 80 CMOs in the world and achieved the top designation of Certified Marketing Executive through Sales and Marketing Executives International.

Sauers is an adjunct university professor teaching leadership and communication courses to current and aspiring leaders. He is a Certified Myers Briggs, DiSC and Emotional Intelligence Practitioner (one of few in US to achieve all 3 rigorous certifications related to human communications, personality & behavior).

Sauers is working on his Doctoral degree in Organizational Leadership and hosts a radio show in Atlanta (Marketing Matters). He is author of the best-selling books Everyone is in Sales and Would You Buy from You? More info at:

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The Keys to Successful Sales Training - Printing Impressions

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November 16th, 2019 at 3:41 pm

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Are We Coaching And Training Too Tactically? – Forbes

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When I meet with training departments and their leaders, often our conversation turns to very specific business imperatives, such as leadership or skill development needed within the organization. I believe each person has the ability at a foundational level to either fight or accept change and challenge. Accepting change and challenge develops the core of being receptive to any type of training or coaching or mentoring.

Too often, organizations will spend money on training leaders and employees tactically specific to their job requirements. While this is important, there could be a missing piece. What if we trained and coached employees to develop a positive relationship with change and challenge? What if we utilize something called perspective-based coaching that fuels employees' minds positively on a consistent basis, using coaching questions to help them develop a positive and proactive relationship with change and challenge? Wouldn't these employees become more coachable and approachable? Would this help leaders become better coaches because the recipients of their coaching would be more accepting? Would training departments have better opportunities to work with management as training reinforcement partners if employees were more accepting of both training and coaching, as they would have more opportunity to work effectively together?

At my company, we have programs that actually fuel people's minds positively by either having them read a positive story or view an inspirational video. The key is to use messaging through stories and video, getting people to gain perspective and then to actualize that perspective by answering coaching questions, such as the following:

What have you learned about yourself?

What have you learned about yourself that you're committed to improving?

What actions could you take to positively move forward based on the lesson you completed?

What perspective have you gained that you think will successfully position you to become a great teammate?

Let's get specific. Years ago I had a young salesperson I was coaching who was extremely resistant to feedback, coaching or any type of assistance, for that matter. Needless to say, we needed him to improve his sales numbers, but we took a different tack. Instead of focusing on selling skills, we focused on developing the person. Each week we had him read a positive story that only took two to three minutes or watch a video that was inspiring, such as a military reunion. In addition, we asked the employee to journal what he learned about himself that he was committed to improving and what actions he would take. Last, we asked the employee to perform a random act of kindness once a week that demonstrated something thoughtful for another employee at the company.

Something very interesting happened. The employee began to develop more positive relationships at work, which in turn developed a more positive outlook for this employee to come to work more positively. The employees more positive relationships converted to people who were more willing to help this employee improve his sales. After 11 months, this employee improved his sales by over 40% with no tactical sales training or coaching having been done.

Often, we are focused on the job and its duties, when in fact we need to develop employees' core foundational behaviors and attitudes that allow them to accept change and challenge. This will translate to more of a willingness and acceptance of tactical training and coaching.

Are We Coaching And Training Too Tactically? - Forbes

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November 16th, 2019 at 3:41 pm

Posted in Sales Training

Target Is Asking Employees to Take the Sort of Training No Employee Should Ever Have to Do – Inc.

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Absurdly Drivenlooks at the world of business with a skeptical eye and a firmly rooted tongue in cheek.

Working in retail is hard.

It's especially hard during the holiday season as frenzy rises and tempers fray.

Retailers set enormous goals for the season. For many, it may represent a considerable part of their annual revenues.

This means employees have to be maximally engaged.

For some, though, there are now additional concerns.

At Target, for example, employees are going through sudden, additional training.

It isn'tsales training.

It's active-shooter training.

As Business Insider reports, the retailer has expanded its active-shooter drills to most of itsemployees, where previously it had been confined to some managers and security personnel.

Target tried to make it sound very matter-of-fact:

We enhanced our emergency preparedness and response training, as we do every year, and expanded active-shooter training this fall to include all of our stores, distribution centers, and headquarters team members.

It isn't mere routine, though, is it?

In so many parts of the world, retail employeeswould be aghast that theyhave to prepare for someone walking into their store with an automatic weapon, ready to fire indiscriminately.

I grew up over the water, where there was no thought of guns in daily life.

I know I won't persuade you that it's possible to live in a society where being armed is utterly abnormal.

I know that there are many cultural and political reasons why the U.S. is so embedded in the gun ethos.

I also know how aggressively and callouslygun lobby groups try to maintain an atmosphere of fear in order to sell more weapons.

I quite understand, therefore, why Target has taken this painful step.

Please imagine, though, the emotions of Target's employees.

They know that a shooting could happen at any time, anywhere.

Once, though, retail employees were trained to deal with shoplifters, not murderers.

Now, their already difficultjobs are made increasingly precarious by the thought that something truly terrible might happen.

It's not as if Target is alone in offering such training.

It's just that as we come upon what's supposed to be a time of happiness, as these employees are working in a business that has become increasingly volatile, they have yet anotherworry.

Someone, somewhere might think this isn't right.

The opinions expressed here by columnists are their own, not those of

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Target Is Asking Employees to Take the Sort of Training No Employee Should Ever Have to Do - Inc.

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November 16th, 2019 at 3:41 pm

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Nvidia CEO Huang: AI Inference ‘Kicking Into Gear’ As T4 Sales Soar – CRN: The Biggest Tech News For Partners And The IT Channel

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Nvidia CEO Jensen Huang said deep learning inference "is really kicking into gear" as the chipmaker's T4 GPUs surpassed its Tesla V100 in sales for the first time, a year after the inference chip launched.

"This year we started to see the growth of inference to the point where we sold more T4 units for inference than we sold V100s, which we sell for training, and both were record highs," Huang said Thursday on Nvidia's third-quarter earnings call for its 2020 fiscal year.

[Related: Ian Buck On 5 Big Bets Nvidia Is Making In 2020]

The Santa Clara, Calif.-based chipmaker's third-quarter earnings showed a continued recovery from a decline in sales earlier this year. Revenue for the quarter was $3 billion, a five percent decrease from the same period last year but a 17 percent increase from the previous quarter. Meanwhile, the company said while it could close its $6.9 billion acquisition of high-speed interconnect vendor Mellanox by the end of the year, but it's more likely to happen in early 2020.

Nvidia's stock price was down more than 1.5 percent in after-hours trading as it beat Wall Street's expectations for revenue by $90 million and net earnings, which were $1.78 a share, by 20 cents. The company expected fourth-quarter revenue to reach around $2.95 billion.

Contributing to the sequential increase was higher demand from hyperscale cloud service providers in Nvidia's data center business, which grew 11 percent to $726 million from the previous quarter. However, lower DGX sales and a different mix of products led to an 8 percent year-over-year decline.

Huang said one of the major factors impacting the year-over-year decline was a major customer deal for its DGX deep learning system, which is built for training AI models. Excluding that deal, he said, sales for the V100 and T4 GPUs "are doing great," especially since T4 launched in September of last year.

"That gives you a feeling for it [] Inference is really kicking into gear," Huang said.

Driving the need for inference workloads are conversational artificial intelligence, recommendation engines and edge computing, according to the CEO.

"Deep learning inference is understandably going to be one of the largest computer industry opportunities," Huang said. "The computational intensity is so high, and for the very first time, aside from computer graphics, this mode of software is not really practical without accelerators."

Meanwhile, the chipmaker's gaming GPU revenue was $1.66 billion. That marks a 26 percent increase from the previous quarter, thanks to growth from the company's GeForce desktop and notebook GPUs. However, revenue was down 6 percent year-over-year, representing a drop in sales for GeForce desktop GPUs after the chipmaker's new Turing-based RTX ray tracing graphics cards launched in fall 2018.

According to Nvidia CFO Collete Kress, RTX cards now represent two-thirds of Nvidia's desktop GPU sales as nearly every major game developer has pledged to incorporate ray tracing capabilities in their games.

"I would say that at this point it's fairly clear that ray tracing is the future, and RTX is a home run," Huang said.

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Nvidia CEO Huang: AI Inference 'Kicking Into Gear' As T4 Sales Soar - CRN: The Biggest Tech News For Partners And The IT Channel

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November 16th, 2019 at 3:41 pm

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Sales Training and Onboarding Software Market Forecast Report by Market Insights, Volume, Opportunities, Type, Product Analysis, and Application -…

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Sales Training and Onboarding Software Market report offers detailed analysis and a five-year forecast for the global Sales Training and Onboarding Software industry. Sales Training and Onboarding Software market report delivers the insights which will shape your strategic planning as you estimate geographic, product or service expansion within the Sales Training and Onboarding Software industry.. The Sales Training and Onboarding Software market accounted for $XX million in 2018, and is expected to reach $XX million by 2024, registering a CAGR of YY% from 2019 to 2024.

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List of key players profiled in the Sales Training and Onboarding Software market research report:


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The global Sales Training and Onboarding Software market is segmented based on product, end user, and region.

TheSales Training and Onboarding SoftwareMarket Segmentation:

Product Product Type Segmentation SegmentationOn-PremisesCloud Based

Industry SegmentationLarge EnterprisesSMEs

Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, Italy, Spain, France, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Taiwan, and, rest of Asia-Pacific) and EMEA (Brazil, South Africa, Saudi Arabia, UAE, rest of EMEA).

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Moreover, other factors that contribute toward the growth of the Sales Training and Onboarding Software market include favorable government initiatives related to the use of Sales Training and Onboarding Software. On the contrary, high growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period.

Key Benefits for Stakeholders from Sales Training and Onboarding Software Market Report:

This report entails a detailed quantitative analysis along with the current global Sales Training and Onboarding Software market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.The Sales Training and Onboarding Software market size and estimations are based on a comprehensive analysis of key developments in the industry.A qualitative analysis based on innovative products facilitates strategic business planning.The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Sales Training and Onboarding Software industry.

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Sales Training and Onboarding Software Market Forecast Report by Market Insights, Volume, Opportunities, Type, Product Analysis, and Application -...

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November 16th, 2019 at 3:41 pm

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Electromed beats The Street in Q1 results – Mass Device

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Electromed(NSDQ:ELMD) posted first-quarter results today that beat the consensus forecast on Wall Street.

The New Prague, Minn.-based company reported profits of $1 million, or 12 per share, on sales of $8.3 million for the three months ended Sept. 30, 2019, for a bottom-line gain of 536.1% sales growth of 13.7% compared with Q1 2019.

Adjusted to exclude one-time items, earnings per share were 12, 11 ahead of The Street, where analysts were looking for sales of $7.4 million.

We delivered strong revenue and net income, driven by top-line growth of 14.1% and significant operating margin improvement compared to the prior year period. Home care revenue grew by 11.4% compared to our prior first quarter as we executed on our strategy to drive growth organically and achieved our second consecutive quarter of improved sales team productivity, president and CEO Kathleen Skarvan said in a news release.

This quarter we produced approximately $879,000 of annualized home care revenue per direct field sales employee, slightly exceeding our target productivity range of between $750,000 and $850,000. Our institutional sales also performed well, with first quarter revenue up 49.2% year-over-year. We believe the sales restructuring, new sales leadership appointments, enhanced sales training programs and targeting approaches we initiated in the prior fiscal year, combined with our focus on cost containment, contributed to improved financial results for what is typically a seasonally light first quarter for Electromed, Skarvan said.

Shares in EMLD were up 10.12% to $10.23 apiece in early morning trading.

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Electromed beats The Street in Q1 results - Mass Device

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November 16th, 2019 at 3:41 pm

Posted in Sales Training

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