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Selling HR Technology
Know Your Customer.
Know Your Competition.
Know Your Plan.
Know Your Customer
HR Director CFO
Manager Employee
Know Your Customers’ Customers
Life in the Information Age
Select business uses are emerging…
• 64% own SmartPhones
• 19% rely on phones for
Internet access
• “I start and end my day
checking my iPhone…”
• Email, text, calls, and
social uses dominate
SmartPhone Traffic
Communication / Social Business
These Trends Will Continue…
The newly hired…. The newly retired….
A Day in the Life
Device usage varies by time of day…
Work-Life…. Overload
Work Life
The World of HR Technology
Clock in Enroll in benefits Complete
your review
Post a
position
Pull a document,
complete a workflow
Suite-based HR solution
HRIS-Payroll Integration (2014)
HRIS-Payroll Integration (2015)
What They Want (HR Director)
• Address a specific pain-point
• Compliance requirements
• Get rid of paper, manual processes
• “Look good” to Execs, Employees
• Stick to the budget
• Room to grow into functionality
HR Director
What They Want (CFO)
• HR Leader to be happy
• Access to robust reports
• If possible, one place to go for HR
• Stick to the budget
• Stick to next year’s budget
–Room to grow into functionality
CFO
What They Want (HR Director)
• Accurate paycheck
• The right benefits
• Easy to use time-keeping, PTO
• Less paper
• Pain-free reviews and workflows
• One place to go
Manager
Employee
The Devils You Know
The Devils You Don’t
• Lots of sizzle…
• Lots of people,
lots of chaos
(for now)
• Free – birds
(with BOR)
• Robust and
mature
• Strong sales,
struggle with
service
• Not afraid to
charge
Product
People
Pricing
Deals with the Devils
Deal Economics 101
Item Count Rate Annual Price
Payroll 300 checks,
$100 in fees
$1.75 x 12 months $7,500
HRIS 150 employees $5.00 x 12 months $9,000
Benefits n/a n/a $0
Total $16,500
Deal Economics 301- The Zenefits Effect
Item Count Rate Annual Price
Payroll 300 checks,
$100 in fees
$0 $0
HRIS 150 employees $0 $0
Benefits 120 eligible @ $5k 5% Commission $30,000
Total $30,000
A BOR Plan will be critical in 2016 and beyond
The SMB Market
• Small Business = <100
employees
• Medium Business= 100 to 1,000
employees
Target Market Convergence
Challenge of going
down-market
Challenge of
going up-market
Pitfalls
• Lack of client resources / focus
• Unrealistic expectations
– i.e., customizations
• Unwilling to change
• Owning the data
– Integration and sync
complications
Solutions
• Identify strong client point person,
phased-approach with “quick wins”
• Set realistic expectations, pick the
right prospects and clients
• Focus on goal, not on method
• Client point person needs to be
comfortable with data or have
resource that is
Common SMB Pitfalls and Solutions
HRIS Sales
• For every 100 demos…
– 20 wins
– 20 losses
– 60 “not todays”
• How to transition from a “nice to have” to a
“must have”?
Then and Now…
Sex sells…
Then
Compliance sells…
Now
How Infinity Can Help You Win
• Integrations with Millennium and Evolution
• Partner Program
• New features and initiatives:
– Advanced TLM
– ACA Compliance Tools
– EZPay front-end (Millennium)
– Integrations with Aurico and ZipRecruiter (ATS)
KISS
Keep
It
Simple
Stupid
A KISS Goodbye
Pilot with 2-3 of your best clients
Roll-out an ESS-only program
The sync– focus on payroll specialist
Identify your HRIS expert
Engage in our Partner Program
Questions?
You have a plan-- Time to get moving on this!

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Successfully Selling InfinityHR

  • 1. Selling HR Technology Know Your Customer. Know Your Competition. Know Your Plan.
  • 2. Know Your Customer HR Director CFO
  • 3. Manager Employee Know Your Customers’ Customers
  • 4. Life in the Information Age Select business uses are emerging… • 64% own SmartPhones • 19% rely on phones for Internet access • “I start and end my day checking my iPhone…” • Email, text, calls, and social uses dominate
  • 6. These Trends Will Continue… The newly hired…. The newly retired….
  • 7. A Day in the Life Device usage varies by time of day…
  • 9. The World of HR Technology Clock in Enroll in benefits Complete your review Post a position Pull a document, complete a workflow Suite-based HR solution
  • 12. What They Want (HR Director) • Address a specific pain-point • Compliance requirements • Get rid of paper, manual processes • “Look good” to Execs, Employees • Stick to the budget • Room to grow into functionality HR Director
  • 13. What They Want (CFO) • HR Leader to be happy • Access to robust reports • If possible, one place to go for HR • Stick to the budget • Stick to next year’s budget –Room to grow into functionality CFO
  • 14. What They Want (HR Director) • Accurate paycheck • The right benefits • Easy to use time-keeping, PTO • Less paper • Pain-free reviews and workflows • One place to go Manager Employee
  • 16. The Devils You Don’t
  • 17. • Lots of sizzle… • Lots of people, lots of chaos (for now) • Free – birds (with BOR) • Robust and mature • Strong sales, struggle with service • Not afraid to charge Product People Pricing Deals with the Devils
  • 18. Deal Economics 101 Item Count Rate Annual Price Payroll 300 checks, $100 in fees $1.75 x 12 months $7,500 HRIS 150 employees $5.00 x 12 months $9,000 Benefits n/a n/a $0 Total $16,500
  • 19. Deal Economics 301- The Zenefits Effect Item Count Rate Annual Price Payroll 300 checks, $100 in fees $0 $0 HRIS 150 employees $0 $0 Benefits 120 eligible @ $5k 5% Commission $30,000 Total $30,000 A BOR Plan will be critical in 2016 and beyond
  • 20. The SMB Market • Small Business = <100 employees • Medium Business= 100 to 1,000 employees
  • 21. Target Market Convergence Challenge of going down-market Challenge of going up-market
  • 22. Pitfalls • Lack of client resources / focus • Unrealistic expectations – i.e., customizations • Unwilling to change • Owning the data – Integration and sync complications Solutions • Identify strong client point person, phased-approach with “quick wins” • Set realistic expectations, pick the right prospects and clients • Focus on goal, not on method • Client point person needs to be comfortable with data or have resource that is Common SMB Pitfalls and Solutions
  • 23. HRIS Sales • For every 100 demos… – 20 wins – 20 losses – 60 “not todays” • How to transition from a “nice to have” to a “must have”?
  • 24. Then and Now… Sex sells… Then Compliance sells… Now
  • 25. How Infinity Can Help You Win • Integrations with Millennium and Evolution • Partner Program • New features and initiatives: – Advanced TLM – ACA Compliance Tools – EZPay front-end (Millennium) – Integrations with Aurico and ZipRecruiter (ATS)
  • 27. A KISS Goodbye Pilot with 2-3 of your best clients Roll-out an ESS-only program The sync– focus on payroll specialist Identify your HRIS expert Engage in our Partner Program
  • 28. Questions? You have a plan-- Time to get moving on this!