Everyone who follows or participates in the stock market knows that past performance is not a guarantee of future results. There are too many variables that impact the volatility of the market. The best way to choose stocks is to evaluate past performance and project the economic climate that will impact future growth. The same process applies to hiring quality employees. Past performance indicates what they are capable of doing. There are several factors that must be considered. 1. What is the similarity between previous positions and the current one? The positions should have similar characteristics if you expect successful integration into your workforce. 2. How much
The key to successful analysis is to define everything that counts and measure it if possible. When information is available and the importance is questionable, ask these questions: * How can the information be utilized to improve sales, service or profitability? If the information can be leveraged into increased revenue or customer satisfaction, it should be measured and utilized. * Does the information measure performance of new systems, procedures or processes? The implementation of these items often requires new measures. * Is the information recognized as an industry benchmark? Every company should define their own standards, but reviewing industry benchmark comparisons (if applicable) provides a point of
Catalogers often try to reduce associated returns costs with policy initiatives. Since returns are seen as a bottom-line deficit, countless hours are spent defining a policy to minimize returns. Here are four tips for better managing returns:ï3/4ï3/4 ï3/4ï3/4 1. Divide the responsibility for returns between appropriate departments. If returns are due to product quality, your merchandising team must be involved in the solution. If they’re due to presentation issues, the creative team must participate. Slow deliveries? Get your fulfillment and inventory teams involved. Tip: Create a returns team with members from each department to focus on return reduction and management. Fiscal responsibility also should be shared. 2.