REINZ Real Estate Magazine - Summer 2021/22

Page 52

INTEREST

The upshot and the lowdown on accountability HOW (AND WHY) LEADERS NEED TO SUPPORT THEIR SALESPEOPLE TO WIN

Jasmine Platt, Founder, Real Estate Leaders

You want results, but some of your salespeople aren’t doing what it takes. You’ve invested your hard-earned cash, made the career change to leadership, and their lack of activity is frustrating. I get it.

One thing I often hear from leaders who are frustrated with their teams’ sales results but have no real strategy is the catch cry: “We need to hold our salespeople accountable.” The only problem with this sentiment is that it doesn’t work. At least not when it’s accompanied by a resentful energy and without any strategy for ‘how’. Often, trying to hold people ‘accountable’ without an adequate understanding of the psychology of leadership leads to issues with culture, retention and reputation in the marketplace. Unless those salespeople have proven to be prohibitively high-maintenance (in time and energy) and low-value, they represent potential. That potential is worth harnessing. In this article, I’ll share three things: 1. The brain science that clearly explains why accountability doesn’t work; 2. The fundamental realities that make “accountability” risky; and 3. An alternative for lifting activity and sales that works.

What the brain science has to say about accountability If you want to hold your salespeople accountable, there are two key things you need to understand about the brain. The first is the ‘fight, flight or freeze’ phenomenon. The second is about the specific rewards the brain needs and risks if it doesn’t get it.

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The Real Estate Institute of New Zealand

You’ve likely heard of the fight, flight or freeze tendency of humans under threat. We all have a hard-wired, primitive part of our brains (called the limbic system) designed to keep us alive. When our limbic system is activated, we will perceive a threat and immediately and unconsciously work on resolving it — through fight, flight or freezing. When managers attempt to ‘hold salespeople accountable’ without understanding the psychology or taking care about how they approach it, they risk a significant likelihood of activating the limbic system within their salesperson’s brain, causing them to perceive threat. The second thing to understand, which is connected to the first, is what the brain needs. In his best-selling book, Your Brain at Work: Strategies for Overcoming Distraction, Regaining Focus and Working Smarter All Day Long, Dr David Rock shares five things our brains fundamentally need to work well. According to science, Rock explains that our brains need Status, Certainty, Autonomy, Relatedness, and Fairness. In other words, people want to:  Have and maintain positive status (in their

own and others’ minds)  Feel certain and safe about where they are  Experience autonomy


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Articles inside

Reflecting on an eventful 2021

3min
page 6

Privacy and real estate — how is the Privacy Act 2020 relevant to agents?

2min
pages 64-65

Business unusual: COVID-19 and real estate advocacy

4min
pages 62-63

A fresh look at directors’ duties in our modern world

3min
page 61

Next edition of the ASPRE

2min
pages 60-61

Marketing: Licensee’s obligations to vendors and potential buyers

3min
pages 58-59

Vendor tips: How to find the right home stager

3min
pages 56-57

How to manage your personal finance amidst a pandemic

2min
page 55

‘Giving back is key to being good at real estate’

3min
page 54

The upshot and the lowdown on accountability

5min
pages 52-53

The importance of giving back to the community

3min
pages 48-49

A new way to buy a first home with shared ownership

4min
pages 46-47

Four reasons to build relationships with buyers

3min
page 44

Housemart Queenstown: small, but with big ideas

2min
pages 42-43

Marketing with Purpose: 3 Steps to Connect

1min
page 40

What’s coming up in the education space in 2022?

2min
page 39

2021 milestones in Residential Property Management

2min
page 38

REINZ RPM Sector Group

6min
pages 36-37

Taking a leap of faith to start a property management business

3min
pages 34-35

COVID-19 and the economy

4min
pages 32-33

Commercial and Industrial market robust despite COVID-19

4min
pages 30-31

Navigating the tourism property industry during unprecedented times

3min
pages 28-29

New ETS accounting method and implications for land transactions

4min
pages 26-27

New rules for land sales to overseas investors

3min
pages 24-25

Hot demand for construction board made from packaging waste

4min
pages 22-23

Growing well on the Kāpiti Coast

4min
pages 20-21

Queenstown Lakes District continues to flourish

3min
pages 18-19

2021 REINZ Awards for Excellence

3min
pages 13-17

REINZ new team member

1min
pages 12-13

Out & about

12min
pages 8-11
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