Just when they say there is nothing new under the sun. Well, actually everything changes so why wouldn’t the job search tactics used to get into a Medical Sales postion? For those of you following this blog, you know I don’t rehash old stuff; we won’t be talking about networking in this article or the latest resume-scanning processes – we’ll be talking about something entirely new.
Here’s the scenario. You’re an older sales rep. You’re in pharma. Pharma is going, well… enough said. And you want to move into Medical Sales. But you’re worried – too many medical sales reps to compete with, no medical sales experience, etc. If we all thought about the hurdles we face each day none of us would get out of bed. So – something more than words of encouragement here; there is a new way for you to get hired by a medical device/equipment company and you “ain’t” heard it elsewhere.
The idea is a 6-month contract. You propose to the prospective employer you are willing to “prove yourself” to the employer over a period of 6-months. The T&C’s (terms and conditions for all of you non-contract folks) are laid out in this contract. Bear in mind the biggest challenge you face as an “older” sales pro making a change: ROI. The employer knows you are a performer – but they typically have to convince themselves (or their boss) that you are a safe bet as an ROI. So – instead of simply hiring you as a “permanent” employee (the term “permanent” is losing its meaning these days, isn’t it!) and hoping for the best the employer gets to “kick the tires before they buy”.
Here is what you need in your contract. And I am not a laymen here; my background is in F500 HR where I wrote and edited hundreds of employment contracts – and I do stay up on the labor laws.
a.) Have the employer state in writing the specific start date and stop date of the contract.
b.) Have the employer state in writing what sales-performance will be measured. Will it be % increase vs. last year? Will it be % increase of a given geographic market? (If so – define what the “market” consists of – X number of accounts – a geographic region?). Will it be a given $ figure? If so, what is that figure? Most sales reps are given a specific $ figure over a specific period of time – and they are to achieve a % of that $ figure; so what is that %? (100% or better?)
c.) Have the employer state in writing “how” the performance above will be measured. Who will be doing the measuring? When will they be doing the measuring (you might want status reports at quarterly progress points to assure you are on target). What specific tools or processes or reporting will be used to determine your performance? This is actually the most important question of all as it is easy for you to perform up to spec and not get credit for it! (I won’t mention the term PODS here as I know someone will strike me hard with a stick).
d.) You’ll want to list – with the employer’s agreement – what options are to be considered if you do perform “up to stec” I.e., what happens now? This is really a powerful positon for you now because you will either have in writing what your compensation will look like (because you determined that up front in the contract – including car, expenses, salary, bonus), or you have now “proven youself” and are in a very good – at least much better – postion to demand what you want. And further icing on the cake here: you built relationships with potential customers – so don’t sign a non-compete clause on this 6-month contract. And further icing on the icing on the cake: you bought time in your job search to consider other (now open) career opportunities.
Don’t tell any HR folks about this article. BTW, I’m married to an HR exec. and I’m not going to tell her about this article.
Go get ‘em. And please tell me your success stories so we can share with the whole group; my direct e-mail is director@WhatTheHeckDoIDo.com