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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.)
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        $60000K
        $120000K

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        What You Should Know About Account Executive - SMB, Payscale

        Are you ready to take your sales career to the next level? Join Payscale as an Account Executive - SMB and be at the forefront of helping organizations thrive through equitable compensation management. At Payscale, we believe that getting pay right is crucial for employee engagement and retention. You’ll be using our leading compensation data, innovative software, and services to target new business accounts and demonstrate how we can solve their pay-related challenges. On a typical day, you'll be reaching out to prospective companies, hosting engaging calls with HR leaders and executives, and working closely with your teammates to enhance your sales techniques. You'll be building a pipeline of opportunities while contributing to a collaborative culture where support for one another is key. If you have a successful sales background with at least 1 year of experience and enjoy connecting with top-level professionals, this role is perfect for you. You'll have the flexibility to work in a way that suits your lifestyle, as Payscale offers a remote-first model that ensures you feel comfortable and supported while driving results. Plus, with our competitive compensation package and strong commitment to employee wellbeing, you’ll feel valued every step of the way. If you’re passionate about making a difference in the world of compensation, we'd love to see you thrive as part of our team!

        Frequently Asked Questions (FAQs) for Account Executive - SMB Role at Payscale
        What are the responsibilities of an Account Executive - SMB at Payscale?

        As an Account Executive - SMB at Payscale, your main responsibilities include targeting new business accounts, hosting online demonstrations of our compensation solutions, and engaging with HR leaders and executive teams to address their pay processes. Additionally, you will be building a pipeline of sales opportunities while collaborating with your teammates to enhance your selling techniques.

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        What qualifications are needed to apply for the Account Executive - SMB position at Payscale?

        To qualify for the Account Executive - SMB position at Payscale, candidates should possess at least 1 year of full-cycle sales experience, ideally in a territory model. Familiarity with Salesforce or other CRM systems is preferred, along with the ability to generate leads independently and adapt to new software systems.

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        What kind of company culture can I expect at Payscale as an Account Executive - SMB?

        Payscale prides itself on an all-around awesome culture dedicated to teamwork and individual respect. As an Account Executive - SMB, you’ll thrive in an inclusive environment that values continued learning, collaboration, and recognition of successes, making it a great place to grow your career.

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        How does Payscale support the professional growth of Account Executives - SMB?

        Payscale supports the professional growth of Account Executives - SMB by offering various learning and development opportunities, access to executive leadership through AMAs, a continuous feedback culture, and networks of Employee Resource Groups that foster personal and professional development.

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        What is the compensation structure for the Account Executive - SMB role at Payscale?

        The compensation structure for the Account Executive - SMB role at Payscale includes a target base salary of $60,000 along with commission potential that brings the OTE to $120,000. Payscale emphasizes pay equity while determining final compensation, and offers a comprehensive benefits package.

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        What tools do Account Executives - SMB at Payscale use?

        Account Executives - SMB at Payscale utilize a range of tools including Salesforce CRM, Outreach, Highspot, Gong, Discover Org, LinkedIn Sales Navigator, Zoom, and Slack to efficiently manage their workflows and enhance communication with clients.

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        Does Payscale offer remote work options for the Account Executive - SMB position?

        Yes, Payscale offers a remote-first model, allowing Account Executives - SMB to work from any location that suits them best. This flexibility helps employees find a work environment that supports their productivity and collaboration whenever it’s needed.

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        Common Interview Questions for Account Executive - SMB
        How do you approach building a sales pipeline as an Account Executive?

        To build a sales pipeline, it’s important to first identify target companies that align with our offerings at Payscale. Conducting thorough market research, networking through platforms like LinkedIn, and utilizing existing customer data will help create a list of potential leads. Regularly following up, crafting personalized outreach strategies, and keeping track of prospects in Salesforce will also set you up for success.

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        Can you describe a time you successfully engaged with a challenging client?

        When discussing a challenging client, focus on the steps you took to understand their unique needs, how you tailored your approach to address their concerns, and the successful outcome. Emphasizing the importance of active listening and effective communication will showcase your ability to work with diverse personalities.

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        What strategies would you implement to improve sales performance at Payscale?

        To improve sales performance, I would review analytics to identify successful tactics, conduct team brainstorming sessions for collaborative idea generation, and implement regular training that emphasizes best practices. I would also consider experimenting with new outreach methods to keep the engagement fresh.

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        Explain how you would handle objections during a sales pitch.

        Handling objections effectively requires active listening and empathy. First, I would acknowledge the client’s concern, ensuring they feel heard. Then I would provide data and relevant case studies from Payscale to alleviate their worries, demonstrating the value of our solutions and leading them back to a positive discussion about benefits.

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        Describe your experience with using Salesforce or CRM tools.

        In previous roles, I have utilized Salesforce extensively to manage leads, track sales activities, and analyze performance data. I find CRM tools essential for streamlining prospecting efforts, maintaining contact records, and enabling effective communication with team members and clients alike.

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        What do you think makes a successful Account Executive?

        A successful Account Executive combines strong product knowledge with exceptional interpersonal skills. They possess the ability to understand client needs, follow up consistently, and relate product offerings to drive impactful solutions. Adaptability and a willingness to learn and refine techniques are also crucial to sustaining success in this role.

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        How would you prepare for a call with C-suite executives?

        Preparing for a call with C-suite executives involves researching their company’s current compensation structure, industry trends, and key pain points. Framing my questions and solutions around their unique challenges would be essential, as would the ability to communicate our value proposition effectively to gain their trust and interest.

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        How do you maintain motivation in a competitive sales environment?

        In a competitive sales environment, I maintain motivation by setting clear, achievable goals, celebrating small wins, and surrounding myself with supportive colleagues. Leveraging both individual reflection and team collaboration ensures that I remain focused and engaged despite challenges that arise.

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        What tactics do you use to engage potential clients during demos?

        Engaging potential clients during demos involves actively involving them in the presentation by asking questions, encouraging feedback, and demonstrating how Payscale's solutions can address their specific needs. I tailor each demo to highlight aspects that resonate with their objectives to ensure a meaningful conversation.

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        What are your long-term career aspirations within a company like Payscale?

        My long-term career aspirations within a company like Payscale include advancing into a management role where I can mentor newer Account Executives and influence broader sales strategies. Additionally, I aim to continuously deepen my expertise in compensation analysis and contribute to innovative approaches in our offerings.

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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 29, 2024

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