The staffing industry can be complex and overwhelming for newcomers. At least some of you may have come across the term “Bench Sales” and wondered what it means. Understanding this concept is crucial for any beginner looking to succeed in the staffing industry, as it is a key component of the recruitment process.
This article will help you better understand what bench sales is, why it matters, and how it can effectively enhance your staffing business.
What is Bench Sales?
Bench Sales is a term that refers to the practice of promoting and selling the services of the consultants who are not currently on a billable project. These consultants are referred to being “on the bench”, waiting to be assigned to a new project. Bench sales allow these consultants to constantly upskill and stay competitive in the job market while boosting client satisfaction.
- Bench Sales teams are responsible for identifying potential clients who require staffing services and pitching the available consultants to them. This involves understanding the client’s needs and requirements and matching them with the skills and experience of the available consultants.
- The process is crucial for staffing companies as it helps them to generate revenue by keeping their consultants billable while also helping to build relationships with clients.
- The bench sales process involves several steps, including identifying potential clients, pitching available consultants, negotiating rates, onboarding consultants, and managing the project.
- By following these steps, staffing companies can maintain a healthy pipeline of projects, maximize their revenue, and provide high-quality consultants to their clients.
Overall, bench sales is an essential process in the staffing industry that drives engagement and strengthens business sustainability.
Why is Bench Sales important?
Bench Sales is a critical process for staffing companies as it serves multiple purposes.
- Bench sales ensure constant revenue generation. Bench sales help reduce the amount of time a consultant spends on the bench, thereby increasing revenue.
- Another benefit is that it helps staffing companies maintain a healthy pipeline of projects. By continuously marketing their available consultants, staffing companies can identify new clients and new projects, which helps to keep their business growing. This is especially important in a highly competitive staffing industry where companies must consistently find new projects to stay ahead.
- Bench sales assist staffing companies in strengthening relationships with clients. Staffing companies can build trust and loyalty by regularly communicating with clients and providing high-quality consultants, leading to long-term partnerships. Building long-term partnerships is crucial for staffing companies as it allows for a stable revenue stream and helps establish a positive reputation in the industry.
- Bench sales motivate consultants to work more efficiently and promptly as they are always engaged, enhancing their overall performance and reducing turnover. Bench sales enhance utilization rates and optimize billable hours by keeping the consultants occupied with the right projects.
- Firms with a strong bench sales management strategy have an edge over their competitors. Consultants assigned to different projects with different clients are more likely to be preferred for the client’s needs because of their right skills and ability to complete the task at the earliest.
- Bench sales allow consultants to stay updated on the latest industry trends and technologies, keeping them motivated and engaged, which helps them remain competitive in the job market. This is important as consultants with a vast set of knowledge and skills are never out of work, and clients always prefer them for any new and complex assignments.
To sum up, bench sales is an essential process for staffing companies. It helps maximize revenue, maintain a healthy pipeline of projects, build long-term relationships with clients, and keep consultants engaged and up-to-date on the latest technologies and skills.
How does Bench Sales work?
Bench sales is a process that involves multiple steps.
- The process begins with research, which involves identifying companies and industries looking for staffing services. They can also be informed about potential clients from referrals or current clients.
- As potential clients are identified, the next step is to pitch available consultants to them. The team will typically review their database of available consultants to identify those with the relevant skills and experience required by the client. They will then prepare a proposal that outlines the consultant’s skills and experience and how they can help the client achieve their project goals.
- Once a client is interested in hiring a consultant, the next step is negotiating rates. The bench sales team will work with the client to agree on a rate acceptable to both parties. They will also negotiate other terms of the agreement, such as the length of the project, the consultant’s responsibilities, and any other contractual requirements.
- When rates and terms are agreed upon, the consultant will be onboarded onto the project. This involves completing necessary paperwork, such as background checks or employment agreements, and ensuring the consultant has the required resources and support to start the project.
- The bench sales team will manage the consultant and client relationship throughout the project. They will ensure that the consultant meets the client’s expectations and that the project progresses as planned. They will also handle any issues that may arise, such as disagreements over rates or project scope.
- Once a consultant completes a project, the bench sales team reviews their performance and collects feedback from the client. This feedback helps in improving the staffing process, enabling the team to enhance their skills. The team also focuses on other factors such as the consultant's communication skills, observing power, and emotional intelligence. This ongoing process encourages a cycle of learning and development, ultimately magnifying client satisfaction and the firm's image.
Overall, bench sales require careful planning, communication, and negotiation. By following a well-defined process, staffing companies can ensure they provide their clients with high-quality consultants while maximizing revenue and building long-term relationships.
Bench Sales Process: A Summary
Bench sales play a pivotal role in the staffing industry. It ensures consultants remain productive and engaged by assigning them to available projects and ensuring a constant flow of revenue. This process is also essential for utilizing resources as it helps firms efficiently match consultants to required projects. By implementing strategies like pipeline management, skill development, employee relationship building, and proactive outreach, firms can manage their bench sales without hassle.