Creating your HR scorecard the right way What are HR KPIs? Key performance indicators used by HR managers and most professionals in HR departments include variety of metrics and examples. They range from typical or standard HR KPIs like employee retention and recruiting cost to more cross functional metrics which not only indicate the … Read more
(Use this quick guide and the KPI Development Brainstorming PDF Template with your Excel Dashboard Templates to make sure you develop the KPI / metrics system relevant to your strategy and business) Convert your KPIs into Powerful Dashboards and Scorecards (Download) If you are not sure what KPIs and metrics you should use to better … Read more
While generally brand is defined in a very limited terms such as company name, brand name and brand image, the overall perception of a brand is created as a result of the total experience for the customer which includes many elements such as product and service quality, value for the money, after sale support, customer … Read more
Businesses employing sales staff and other field personnel in particular are potentially vulnerable to issues such as time theft and decreased productivity. The first step in establishing standards of accountability is to state what needs to be done, clearly. The goals listed in the business plan should be reflected in the employee job description and … Read more
As a result of these changes the product strategy will also require changes in the supply chain management. The supply chain as a chain of interrelated functions and organizations with a role of moving raw materials, products, inventory, packaging and everything until the final products are delivered to the end users, require strategic planning and … Read more
Audits in marketing should be performed from time to time – for example once a year or once a quarter depending on your marketing campaigns and business dynamics. While this evaluation can be conducted by internal members of your company in many cases it is useful and more effective to hire an external marketing consultant … Read more
The Product life cycle explains the product evolution stages during the entire product life cycle. There are generally four product life cycle stages: market introduction market growth market maturity market decline Market Introduction During this stage the product is has been introduced for a first time by using above average advertising and promotional investments by … Read more
Recruiting Challenges in Today’s Difficult Market Obtaining the right person for the right position can be a challenge. Though with today’s multitudes of recruitment methods life can be a bit simpler, the economic situation does not allow for much flexibility. Traditional methods of recruiting employees through advertising, internal job postings, job fairs, college recruiting, and … Read more
Every time a company makes a decision to hire a new employee it should look at the total cost. By focusing on the direct cost only or focusing on the salary range in many cases poor decisions are made. This is especially true for many professionals like legal, IT, sales, marketing, etc. As an example, … Read more