Unstructured interviews are the most ubiquitous selection method. In spite of the fact that many studies prove the incredibility of unstructured interviews, many HR professionals still jump on the bandwagon.
Topics: Talent Management
So far you have got a firm grip of succession planning – from its benefits to its close relationship with other talent management acts. Since you cannot unring a bell, it is better to equip yourself with better detector to pinpoint some myths revolving succession planning which can easily lead to errors or loose links in your succession process. Here is the survival guide for you to avoid being fooled.
Business is based on faith in the value of human potential. Therefore, in return for the trust they put in you, you must have belief in your employees as well. The power of expectation has a great impact on your employees' performance.
Previously, we have acknowledged the appealing benefits of succession planning (SP). Surprisingly, most companies do not have an actionable process to select the successors or even if they do have, it is hardly executed smoothly.
Job interviews are arguably the most beloved employee selection tool. They are so widely used that interviews are synonymous with the hiring process. However, most job interviews are unstructured and prove to be unreliable and ineffective. That is, they fail to predict actual employee performance. Many studies have shown that there is little relationship between candidates’ performance in interviews and subsequent on-the-job performance.
Topics: Talent Management
September 2016, Apple launched iPhone 7 – the latest version of its well-known smartphone line, once again stirred up the iPhone phenomenon. It’s not a coincidence that we mention Apple when talking about succession planning. 5 years ago, there occurred the famous power transition in Apple’s CEO position between Steve Jobs and Tim Cook. Cook had been groomed for years as a part of Jobs’ comprehensive succession plan and despite being under certain criticism about failing Jobs’ vision of Apple, Cook is still doing a good job to keep people’s attention at every move of the company.
For years, journalists and ‘experts’ have been talking about the inevitable demise of brick and mortar retail when customers will eventually switch to e-commerce. This couldn’t be further from the truth. In fact, every retail channel has evolved and transformed itself in order to adapt to today’s completely new retail landscape. Traditional retailers are threatened not by online competitors, but by their inability to transform themselves.
Topics: Retail Pro Management System
If you were asked to do something, how would you react to that request? At least unconsciously, you would wonder, “What’s in it for me?” In other words, you would ask yourself why you should do that thing—how you would benefit if you accepted the request.
Omnichannel is a critical and developing trend within retail industry at the moment, and even in the future. These are 3 ways that omnichannel turns the retail's world around.
Increased sales & customer loyalty
According to a research by Accenture, 88% of shoppers today use at least one digital channel when searching for products. So making your brand and products readily available and easily accessible in all channels is absolutely essential. Retailers have a much higher chance to increase sales and customer loyalty if they can maintain a strong presence in both physical and digital domains.