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Account Executive - SMB

What We Do: When organizations get pay right, they thrive. Employees feel valued. Productivity soars. People stay. When they get it wrong, they stumble. We partner with Executives and HR Leaders who understand compensation is strategic lever to retain top talent, ensure internal equity, and foster employee engagement. Our segment leads the company in growth goals and is focused on individual sales and leadership development. We uncover the challenges of managing compensation and prove how our software and services can solve them for a cost.  
  
What You Do: Target new business accounts and introduce them to Payscale's industry leading compensation data, software and services solutions via online demo. You will craft a pipeline of opportunities and build your forecasting skills.  
  
Day-in-the-Life: As an Account Executive, your typical day may include the following…
  • Build your pipeline by hunting for prospective companies and potential buyers, blue printing existing accounts, and responding to prospective customer inquiries.  
  • Host calls with HR leaders and C-suite executive teams, understand their current pay processes and what they believe could be improved to get pay right.  
  • Help make a difference for the employees of the companies you work with! 
  • Constantly evolving and improving sales skills and techniques through close collaboration with teammates. 
  • Recognition. Supporting the success of your teammates is a big part of our culture and many of us have been here for 4+ years. 
Experience:
  • 1 + years of full cycle sales experience; handling a minimum of 30 complex sales opportunities 
  • Preferred experience working successfully in a territory model 
    Skills:
    • Salesforce/CRM experience 
    • Able to generate opportunities independently 
    • Ability to integrate new software systems quickly and seamlessly 
      Tools:
      • Salesforce CRM 
      • Outreach, Highspot, Gong, Discover Org, LinkedIn Sales Navigator 
      • Zoom, Slack 
      • Office 365 
        Compensation   
        In the spirit of pay transparency, we are excited to share the OTE for this position is $120,000. This OTE is made up of a target base compensation of $60,000 and commissions target of $60,000. If you are hired at Payscale, your final compensation will be determined based on factors such as skills, education, and/or experience. In addition to those factors – we believe in the importance of pay equity and consider any internal equity of our current team members as a part of any final offer. We also offer a generous compensation and benefits package (more information on benefits listed below).    

        Company Description 

        Payscale gives employers and employees confidence to know the what and why behind pay. With our leading data, technology, and experience we make it easier for you to connect compensation to goals. 

        As the industry leader in compensation management, Payscale is on a mission to help job seekers, employees, and businesses get pay right and to make sustainable fair pay a reality. Empowering more than 50 percent of the Fortune 500 in 198 countries, Payscale provides a combination of diverse and dynamic data sources, experienced compensation services, and scalable software to enable organizations such as Angel City Football Club, Target, United Healthcare, Gainsight, eBay, and The Washington Post to make fair and appropriate pay decisions. To learn more, visit www.payscale.com 

        Location 

        Payscale has an employee centric remote-first model that provides you the flexibility to do your best work in a space that supports you, while also finding time to collaborate in person for the moments that matter. 
         
        In our remote-first model, employees can work from the location that works best for them. We do not have centralized corporate offices. Employees can choose to work from home, in company-paid co-working spaces, or any combination of the two that best suits their unique needs. 

        When it matters (usually no more than a few times a year) we take the time to gather for in-person events. 

        Payscale has employees across the US, Canada, and the UK, however we are currently unable to hire in the Quebec Province, Northern Ireland, and Hawaii. 

        Benefits and Perks   

        All around awesome culture where together we strive to live our 5 values: 

        • Respect every individual, work as a team 
        • Be Customer first, customer centric 
        • Have a Bias towards action 
        • Commit to excellence (we give our best everyday) 
        • Make Data driven decisions 

        An open and inclusive environment where you’ll learn and grow through programs and resources like:  

        • Monthly company All Hands meetings 
        • Regular opportunities for executive leadership exposure through things like AMAs 
        • Access to continued learning & development opportunities  
        • Our commitment to a continuous feedback culture which allows us to drive performance and career growth 
        • A growing network of Employee Resource Groups 
        • Company sponsored volunteer hours 
        • And more!  

        Our more standard benefits 

        • Flex Paid Time Off, giving you flexibility to rest, relax and recharge away from work 
        • 15 Paid Company Holidays, including an extended Fourth of July break, World Mental Health Day, and Juneteenth 
        • A comprehensive benefits plan including medical, dental, life, vision, disability, and life insurance covered up to 100% by Payscale 
        • 401(k) retirement program with a fully vested immediate company match 
        • 12 weeks of paid parental leave for birthing or non-birthing parents 
        • Unlimited infertility coverage benefits through our medical plans 
        • Health Savings Account (HSA) options and company contribution each pay period  
        • Flexible Spending Account (FSA) options for pre-tax employee allocations 

        Equal Opportunity Employer:  

        We embrace equal employment opportunity. Payscale is committed to a policy of equal employment opportunity for all applicants and employees. It is our policy that employees will not be subjected to unlawful discrimination on the basis of race, color, religion, sex, age, national origin, or ancestry, physical or mental disability, veteran or military status, marital status, sexual orientation, political ideology, and any other basis protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including but not limited to: recruitment, hiring, transfers, promotions, training, discipline, termination, compensation and benefits, performance appraisals, education, and social and recreational programs. 

        Fraud Alert: 

        Payscale values security and privacy. During your job application and interview process, we will never ask for your personal banking or financial information, social security number, or other sensitive information, if you are unsure if a message is from Payscale, please email recruiting@payscale.com 

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        Average salary estimate

        $90000 / YEARLY (est.)
        min
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        $60000K
        $120000K

        If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

        What You Should Know About Account Executive - SMB, Payscale

        At Payscale, we believe that when organizations get pay right, they truly thrive! As an Account Executive - SMB, you’ll play a pivotal role in helping businesses recognize the value of our industry-leading compensation data and software solutions. Picture this: your average day involves engaging with HR leaders and C-suite execs, dissecting their current pay processes, and showcasing how our top-notch services can empower their workforce. It's about crafting a strong pipeline by hunting for prospective companies, while constantly honing your sales skills through collaborative teamwork. Your impact will be very real—by introducing our innovative solutions, you will help companies make smarter pay decisions that resonate with their employees and their bottom line. And don't worry; you won't be alone on this journey. You'll have access to a variety of cutting-edge tools like Salesforce CRM and LinkedIn Sales Navigator to streamline your efforts. Plus, we foster a culture of recognition where celebrating your teammate's success is just as important as achieving your own goals. At Payscale, we value flexibility and inclusivity, offering a remote-first work model that empowers you to work from wherever suits you best, ensuring a work-life balance that promotes productivity and job satisfaction. If you're looking to further your sales career within a supportive environment that prioritizes collaborative growth, then the Account Executive - SMB role at Payscale is absolutely worth exploring!

        Frequently Asked Questions (FAQs) for Account Executive - SMB Role at Payscale
        What skills are essential for an Account Executive - SMB at Payscale?

        An ideal Account Executive - SMB at Payscale should possess excellent communication skills, a knack for generating new leads independently, and familiarity with Salesforce or CRM tools. Experience handling complex sales and demonstrating an ability to navigate intricate organizational structures are also vital.

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        What does the day-to-day work look like for an Account Executive - SMB at Payscale?

        The daily responsibilities of an Account Executive - SMB at Payscale involve building a pipeline of potential clients, conducting online demos of compensation solutions, hosting calls with HR leaders, and continually improving sales techniques through collaboration with colleagues.

        Join Rise to see the full answer
        How does Payscale support the career growth of Account Executives - SMB?

        Payscale fosters career growth for Account Executives - SMB through continuous learning opportunities, regular mentoring sessions with executive leaders, and a culture of feedback that drives both performance and personal development.

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        What compensation package can I expect as an Account Executive - SMB at Payscale?

        As an Account Executive - SMB at Payscale, you can anticipate a total on-target earnings (OTE) of $120,000, consisting of a base salary of $60,000 along with a commission target of $60,000. The compensation package is designed to reflect your skills, experience, and internal equity considerations.

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        What tools will I use as an Account Executive - SMB at Payscale?

        In the Account Executive - SMB role at Payscale, you will utilize a range of tools including Salesforce CRM, Outreach, and LinkedIn Sales Navigator, as well as communication platforms like Zoom and Slack to stay connected with clients and colleagues.

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        What is the company culture like for Account Executives - SMB at Payscale?

        Payscale prides itself on an inclusive, respectful, and team-oriented company culture. Employees are encouraged to embrace data-driven decisions, prioritize customer satisfaction, and continually commit to excellence as part of their daily work ethic.

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        Are there remote work options for Account Executive - SMB roles at Payscale?

        Absolutely! Payscale operates fully remotely, allowing Account Executives - SMB to work from their chosen location. This flexibility is designed to optimize productivity and employee satisfaction.

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        Common Interview Questions for Account Executive - SMB
        Can you describe your previous sales experience relevant to the Account Executive - SMB role?

        When answering this question, focus on showcasing specific achievements, such as closing deals, managing complex sales cycles, and how your experiences align with Payscale's values. Use quantifiable results to demonstrate your effectiveness.

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        How do you approach prospecting for new clients?

        Explain your strategy for identifying potential leads, whether through market research, networking, or leveraging social media platforms. Detail your process of nurturing these leads into warm prospects ready for a demo or pitch.

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        What is your experience with CRM tools like Salesforce?

        Discuss how you've effectively utilized Salesforce or similar CRM tools in your previous roles, including aspects like tracking sales activities, managing contacts, and generating reports that inform your selling strategy.

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        How would you handle objections from potential clients during a sales pitch?

        Illustrate your problem-solving skills by walking through steps to actively listen to client concerns, empathize with their challenges, and present compelling solutions using Payscale’s offerings to alleviate those objections.

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        What strategies do you use to build relationships with clients?

        Highlight your relationship-building techniques, such as regular follow-ups, personalized communication, and understanding client needs in order to form strong, trust-based relationships that encourage ongoing business.

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        How do you stay updated on industry trends and competitor offerings?

        Mention your commitment to continuous learning through reading industry publications, attending webinars, or engaging in professional networks to remain informed on the compensation management landscape.

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        Describe a time when you exceeded your sales targets.

        Provide a specific example demonstrating how your skills and strategies led to surpassing objectives, detailing the tactics you used, any challenges you faced, and how you overcame them to achieve success.

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        What metrics do you consider most important in measuring your sales performance?

        Identify key performance indicators (KPIs) relevant to sales success, such as conversion rates, average deal size, and customer retention rates, explaining how you would track and assess these metrics over time.

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        How do you prioritize your tasks in a fast-paced sales environment?

        Discuss your time-management strategies, such as using task lists or prioritization frameworks, emphasizing your ability to balance immediate needs with long-term goals while remaining flexible to adapt as required.

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        Why do you want to work for Payscale as an Account Executive - SMB?

        Articulate your reasons for wanting to join Payscale, aligning your values and professional aspirations with the company’s mission to help organizations get pay right, all while fostering an environment of respect and collaboration.

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        Payscale gives employers and employees confidence to know the what and why behind pay. With our leading data, technology, and experience we make it easier for you to connect compensation to goals. As the industry leader in compensation managemen...

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        Full-time, remote
        DATE POSTED
        November 28, 2024

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