<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>MRI Beach &#124; Management Recruiters of Ambler-Philadelphia</title>
	<atom:link href="http://mribeach.com/feed" rel="self" type="application/rss+xml" />
	<link>http://mribeach.com</link>
	<description></description>
	<lastBuildDate>Tue, 24 Aug 2010 20:09:41 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.0</generator>
		<item>
		<title>Franchisors / Franchisees and Multi Unit Operators:</title>
		<link>http://mribeach.com/franchisors-franchisees-and-multi-unit-operators</link>
		<comments>http://mribeach.com/franchisors-franchisees-and-multi-unit-operators#comments</comments>
		<pubDate>Tue, 24 Aug 2010 20:07:00 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[Franchise]]></category>
		<category><![CDATA[MRI News]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[franchisor]]></category>
		<category><![CDATA[hourly]]></category>
		<category><![CDATA[multi unit]]></category>
		<category><![CDATA[staff]]></category>

		<guid isPermaLink="false">http://mribeach.com/?p=171</guid>
		<description><![CDATA[  What if you could select and retain “Front Line” / Hourly staff who would grow your employee and customer base?  Now you can with Predictive Profiles and iSelect.   iSelect is an online (SaaS based) candidate application and screening system to help your franchise, multi unit operation better source, recruit and retain employees. This [...]]]></description>
			<content:encoded><![CDATA[<p> </p>
<p>What if you could select and retain “Front Line” / Hourly staff who would grow your employee and customer base?  Now you can with <strong>Predictive Profiles and iSelect.</strong></p>
<p><strong><em> </em></strong></p>
<p><strong><em>iSelect </em></strong>is an online (SaaS based) candidate application and screening system to help your franchise, multi unit operation better source, recruit and retain employees. This web‐based screening tool sources top candidates, tracks and manages candidate applications, provides hiring recommendations, and streamlines the process of hiring top candidates.</p>
<p><strong> </strong></p>
<p><strong>Predictive Profiles </strong>will also provide an ROI analysis using annual turnover ratios that shows how you are saving on you’re your hiring costs and <strong>Predictive Profiles </strong>will also provide annual validation reports to prove our performance.</p>
<p>I would be more than happy to answer any questions, discuss how easily <strong>iSelect</strong> can be deployed as well as provide case scenarios.</p>
<p>Jeff Schonberg</p>
<p><a href="mailto:jjs@predictiveprofiles.com">jjs@predictiveprofiles.com</a></p>
<p>215.283.9799 x385</p>
<p><strong> </strong></p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/franchisors-franchisees-and-multi-unit-operators/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>12 Tips for Candidates: Resigning from Your Job</title>
		<link>http://mribeach.com/12-tips-for-candidates-resigning-from-your-job</link>
		<comments>http://mribeach.com/12-tips-for-candidates-resigning-from-your-job#comments</comments>
		<pubDate>Thu, 05 Aug 2010 13:40:52 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[Franchise]]></category>
		<category><![CDATA[MRI News]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://mribeach.com/?p=164</guid>
		<description><![CDATA[Taking on a new role encourages people to look ahead – planning the next months and years of their lives. So with a new job offer in hand, it’s not surprising that some people put little time or effort into making sure they resign from their previous job on a good note. Here are our [...]]]></description>
			<content:encoded><![CDATA[<p><span style="font-size: small;">Taking on a new role encourages people to look ahead – planning the next months and years of their lives. So with a new job offer in hand, it’s not surprising that some people put little time or effort into making sure they resign from their previous job on a good note. Here are our tips …</span></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Prepare:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">Think of resignation as you would a job interview. Put time and thought into it. Prepare what you are going to say, in what order, and to whom. You can do serious damage to working relationships if you tell the wrong people first (even in confidence) and somebody influential finds out second hand. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Be honest:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">Don’t withhold the truth from your employers and colleagues. Tell them up front that you are leaving. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Be succinct:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">Whether telling your boss in person or in writing, get straight to the point. Explain why you are leaving, but try to avoid expressing negative feelings. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Be flexible:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">If you can, negotiate a finishing date that suits your employer as well as you. Cooperate fully in handing over the files, documents, projects and clients you are working with prior to leaving. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Be realistic:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">If your resignation is coming &#8220;out of the blue,&#8221; expect a reaction from your employer. Allow time for the reaction to your news. If your manager becomes aggressive, confrontational or upset, don’t respond with similar behavior. Revert to your prepared comments. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Be diplomatic:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">If you think it is important to express your negative experiences, do it face to face. Don’t do it in writing. Again, use your prepared comments rather than doing this off the cuff. </span><strong></strong></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Be appreciative:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">Thank your employers for past training and other opportunities. Thank your colleagues for what you have learned from them. Accentuate the positives – find something good to say. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Follow up in writing:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">Always send a letter of resignation to confirm – in writing – when you are leaving the organization. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Don’t burn your bridges:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">You might need to rely on your previous employer for references, advice or even a job! You also never know where people from your current place of work may end up in five or ten years’ time. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Look after number one:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">Make sure you know what you are entitled to when you leave, such as unused vacation or sick time. Get someone senior in the company to give you a reference. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Keep in touch:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">Be proactive about keeping in touch with the valuable contacts and friends you have developed in this role. </span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"><span style="font-family: Arial,Arial; font-size: small;">Dealing with a counter-offer:</span></span></strong></p>
<p><strong><span style="font-family: Arial,Arial; font-size: small;"></span><span style="font-size: small;">If you receive a counter-offer, take time to consider it. Has anything really changed? Is this what you really want? Think about the reasons you decided to take the new position in the first place. Given that you have already resigned, will it be easy for you to continue working in the same company? If you are seriously considering accepting the counter-offer, think about the impact it may have on your relationship with your new employers – you may deal with them again in the future. </span></strong></p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/12-tips-for-candidates-resigning-from-your-job/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>4 Tips To Ask for a Raise During Tough Economic Times</title>
		<link>http://mribeach.com/how-to-ask-for-a-raise-during-tough-economic-times</link>
		<comments>http://mribeach.com/how-to-ask-for-a-raise-during-tough-economic-times#comments</comments>
		<pubDate>Tue, 03 Aug 2010 20:05:57 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[Franchise]]></category>
		<category><![CDATA[MRI News]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[employer]]></category>
		<category><![CDATA[job]]></category>
		<category><![CDATA[raise]]></category>
		<category><![CDATA[salary]]></category>

		<guid isPermaLink="false">http://mribeach.com/?p=159</guid>
		<description><![CDATA[The article below appeared in Foxnews.com today.  Please note that MRI Ambler-Philadelphia can help you with tips and strategies regarding career decisions, choices, etc &#8230;  During tough economic times, it might be uncomfortable to ask your employer for a raise, but if it’s well deserved, you shouldn’t hesitate to ask.  Knowing how to approach your boss [...]]]></description>
			<content:encoded><![CDATA[<p>The article below appeared in Foxnews.com today.  Please note that <a href="http://">MRI Ambler-Philadelphia </a>can help you with tips and strategies regarding career decisions, choices, etc &#8230; </p>
<p><strong>During tough economic times, it might be uncomfortable to ask your employer for a raise, but if it’s well deserved, you shouldn’t hesitate to ask. </strong></p>
<p><strong>Knowing how to approach your boss and successfully present your case is essential to scoring a pay raise you’re hoping for.</strong></p>
<p><strong> It’s all about the preparation, experts say. </strong></p>
<p><strong>“Take stock of what you’re providing and being able to create a vision to the leadership,” says Jim Camp, CEO and founder of Camp Negotiation Systems and author of two negotiation books. </strong></p>
<p><strong>Here are four expert tips for a raise:  </strong></p>
<p><strong> </strong></p>
<p><strong>1. Plan Ahead </strong></p>
<p><strong>Frances Cole Jones, president of Cole Media Management and author of <em>How to Wow</em>, recommends arranging a review with your boss 90 days prior to negotiating a raise.</strong></p>
<p><strong>“At no point in this review do you need to mention a raise,” Jones says. “It&#8217;s about you working toward being your best self. This shows your boss your willingness to be responsible for your career and gives you room for improvement.”</strong></p>
<p><strong> </strong></p>
<p><strong>2. Evaluate your Productivity </strong></p>
<p><strong>Evaluate your contributions at work and ready a list to present to your boss, suggests career coach Dr. Adele Scheele. </strong></p>
<p><strong>You can’t expect the system to promote you and this list will show why you deserve a bigger paycheck. </strong></p>
<p><strong>“You have to ask yourself questions regarding history and future at the company,” Camp says. “Have you met the requirements of the positions and then gone above and beyond expectations? Can you continue to grow in this environment?” </strong></p>
<p><strong> </strong></p>
<p><strong>3. Make YOUR Case </strong></p>
<p><strong>Set up an appointment with your boss to discuss your performance and future at the company; don’t just walk into his or her office. </strong></p>
<p><strong>Plan your presentation, anticipate questions and come up with thorough answers. You want to be prepared, yet conversational during the review. </strong></p>
<p><strong>“Look at the current salaries and revenue at the company,” Scheele suggests. “Outline your case for the leadership in your office and list your accomplishments, total revenue you brought in, deals you closed, etc. Ask for more than you are hoping for to make room for negotiations and create a list of additional duties in return for the raise. ” </strong></p>
<p><strong>Jones says employees’ needs to be armed with specifics on any claims and accomplishments listed during the meeting. </strong></p>
<p><strong>“Throughout, it is critical to keep the conversation factual, not feelings-based,” Jones says. “A comment comparing someone else’s pay raise or personal situation in comparison to yours undermines your professionalism.” </strong></p>
<p><strong> </strong></p>
<p><strong>4. Remain Cool…Even When Things Get Heated </strong></p>
<p><strong>Jones said before you sit down with your boss, anticipate the worst three comments your boss might have. </strong></p>
<p><strong>“For example, ‘I&#8217;m glad you asked to speak about your performance&#8211; there are a number of issues we need to address’; or, ‘as you know, money has been tight the last year,’” Jones says. </strong></p>
<p><strong>In this situation, Jones suggests to answer with a &#8220;yes&#8221; and acknowledge you understand the situation. She recommends sitting up and forward in your chair to avoid looking “sulky or too-cool-for-school.” </strong></p>
<p><strong>If your boss makes suggestions for improvement in your performance, taking notes is a great way to physically demonstrate you are paying attention. </strong></p>
<p><strong>Meanwhile, the experts say to anticipate your boss’ rejections. Stay calm and ask for an explanation, remain understanding and suggest another meeting in the coming months. </strong></p>
<p><strong>“Understand the situation, but ask, ‘when can I expect it?’” Scheele says. “Don’t threaten to quit and learn from the experiences. Stepping up to the plate to ask is a great success skill.”</strong></p>
<p><strong> </strong></p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/how-to-ask-for-a-raise-during-tough-economic-times/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>THE COST OF AN UNFILLED OPENING</title>
		<link>http://mribeach.com/the-cost-of-an-unfilled-opening</link>
		<comments>http://mribeach.com/the-cost-of-an-unfilled-opening#comments</comments>
		<pubDate>Tue, 01 Jun 2010 14:34:10 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[Franchise]]></category>
		<category><![CDATA[MRI News]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[cost]]></category>
		<category><![CDATA[employee]]></category>
		<category><![CDATA[position]]></category>
		<category><![CDATA[vacancies]]></category>

		<guid isPermaLink="false">http://mribeach.com/?p=155</guid>
		<description><![CDATA[How much is that open position costing you? There are numerous costs associated with an unfilled position in any company. Many of these costs are difficult to quantify, but nonetheless are very real, and can be very costly. Consider the following: CALCULATING THE COST OF A VACANT “COV” POSITION: A LIST OF THE POSSIBLE &#8220;COV&#8221; [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="font-family: Times-Roman; color: #ff0000; font-size: medium;"><span style="font-family: Times-Roman; color: #ff0000; font-size: medium;"><span style="font-family: Times-Roman; color: #ff0000; font-size: medium;">How much is that open position costing you?</span></span></span></p>
<p><span style="font-family: Times-Roman;">There are numerous costs associated with an unfilled position in any company. Many of these costs are difficult to quantify, but nonetheless are very real, and can be very costly.</p>
<p>Consider the following:</p>
<p></span><strong><span style="font-family: Times-Bold;">CALCULATING THE COST OF A VACANT “COV” POSITION:</p>
<p>A LIST OF THE POSSIBLE &#8220;COV&#8221; FACTORS</p>
<p></span><em><span style="font-family: Times-Italic;">By Dr. John Sullivan</p>
<p></span><strong><span style="font-family: Times-Bold;">If an airline bought a new 747, and then let it sit for two months on the runway because they didn&#8217;t have a pilot, what would the cost be to the airline? In other words what is the cost of a vacant position?</p>
<p></span><span style="font-family: Times-Roman;">Many firms calculate the cost of a hire, and some go so far as to calculate the cost of a bad hire (which have been estimated to be as much as three (3) times the persons annual salary), but few have taken the time to calculate the cost of a vacant position. These costs can be significant: anywhere from $7,000 dollars per day to $50,000 per day for an engineering position. Key leadership positions may cost as much as a million dollars per week. Couple these amounts with the fact that the length of many vacancies often exceeds 100 days, and you are talking about some serious financial impacts ($7,000 X 100 days = $700k).</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;"><font face="Times-Bold" color="#0000ff"><font face="Times-Bold" color="#0000ff">ASSUMPTIONS ABOUT VACANCIES</p>
<p></font></font></span><font face="Times-Bold" color="#0000ff"> </p>
<p></font></span><span style="font-family: Times-Bold;">:</span><span style="font-family: Times-Roman;">* Delaying product development and time to market in a fast changing industry means:</p>
<p>1. Lower margins, (as much as 10%)</p>
<p>2. A loss of first entry dominance</p>
<p>3. A loss of PR</p>
<p>4. Potential loss of market share (up to 30%)</p>
<p>* Great ideas and products come from people, not from equipment, buildings or capital. If you don&#8217;t have great people . . . you won&#8217;t have great products. And without great products you won&#8217;t have a great company.</p>
<p>* If the vacancies are a result of slow recruiting process, it is important to also realize that a failure to fill vacancies rapidly will probably also mean that all of the top candidates will be gone by the time you make a hiring decision. So you will likely re-fill your vacancies with lower quality hires (especially because the best are usually the first to quit)</p>
<p>* Vacancies in a single team can have an impact on many other teams (because of interdependencies), which can cascade throughout the entire company.</p>
<p></span></p>
<p><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">COST OF A VACANCY CHECKLIST:</p>
<p>THE BUSINESS IMPACTS OF A VACANCY</p>
<p></span></span><em><span style="font-family: Times-BoldItalic;">When you have a vacant position, one or more of the following things may happen. Guesstimate the dollar costs of each bullet point that fits your situation:</p>
<p></span><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">1. PRODUCT DEVELOPMENT AND PRODUCTIVITY</p>
<p></span></span><span style="font-family: Times-Roman;">* Time To Market (TTM) is dramatically impacted by the entire production chain. Because departmental schedules and plans are closely interwoven, any disruption in one department may adversely affect all others.</p>
<p>* In industries that are seasonal (i.e. toys) this disruption may be even more costly. Vacancies in key skill positions may mean that products and projects may need to be dropped altogether.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">2. TEAM IMPACTS</p>
<p></span></span><span style="font-family: Times-Roman;">* Team product development may be dramatically impacted by the disruption caused by the lost productivity, lost experience, leadership, idea generation and skills of the &#8220;vacated&#8221; person.</p>
<p>* If a team environment exists, a disruption in team cohesiveness may occur. This can result in a longer TTM (Time To Market) and a loss of focus that can also impact TTM.</p>
<p>* Vacancies may affect the idea generation of others because co-workers are frustrated or overworked.</p>
<p>* Vacancies may cause overworked employees (because they have to fill in) to tire, which may cause increased accidents.</p>
<p>* Vacancies may cause overworked employees to tire, which may adversely affect product quality through increased error rates.</p>
<p>* Excessive vacancies may lead to increase &#8220;whining,&#8221; grievances and even union activity.</p>
<p>* If the team leader is the &#8220;vacancy&#8221; then &#8220;time to productivity&#8221; is likely to be even more negatively impacted.</p>
<p>* A vacancy may make a manager reluctant to terminate poor performing employees. Vacancies coupled with poor performers can cripple the team.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">3. INDIVIDUAL EMPLOYEE IMPACTS</p>
<p></span></span><span style="font-family: Times-Roman;">* A vacancy means that a current employee must do the work of the vacant position. This can cause a cascade effect causing others to have to fill in for their position, resulting in many &#8220;rusty&#8221; people doing unfamiliar jobs and decreasing productivity.</p>
<p>* Vacancies may frustrate other employees, causing them to lower their productivity.</p>
<p>* Vacancies may frustrate other employees, causing them to quit at higher rate than they normally would.</p>
<p>* Vacancies may cause the team to miss its goals, thereby reducing the possibility of individual and team incentives, which may further reduce productivity.</p>
<p>* Increased stress on overworked current employees (caused by having to fill in) may cause increased absenteeism and tardiness.</p>
<p>* Vacancies may hold up vacation time for current employees which may lead to increased stress or frustration.</p>
<p>* Understaffed departments will not be able to send current employees to training and conferences, which may lead to increased stress, decreased worker knowledge or frustration.</p>
<p>* If temps or &#8220;fill-ins&#8221; must be hired, they usually have a higher error rate that the average employee and they are unlikely to generate many new ideas.</p>
<p>* Superstar employees often resent being asked to fill in when lesser employees positions are vacant, which may cause them to quit also.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">4. INCREASED MANAGEMENT TIME AND EFFORT:</p>
<p></span></span><span style="font-family: Times-Roman;">* Teams with vacancies require &#8220;high maintenance&#8221; and more management attention and worry.</p>
<p>* Managers often have to skip their normal management planning and responsibilities in order to fill in for the vacant employee.</p>
<p>* When managers fill in for &#8220;vacant&#8221; employees that time can&#8217;t be spent on the best employees.</p>
<p>* Vacancies in management and team leader positions have a multiplier effect on productivity and the recruitment of others.</p>
<p>* There are opportunity costs for things a manager and co-workers could have done if they didn&#8217;t have to carry the extra load of filling in for a vacancy.</p>
<p>* If the vacancies are caused by top management decisions (hiring or budget freezes) it can cause managers to lose hope. This can impact morale and it may lead to a high management turnover rate.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">5. CUSTOMER IMPACTS:</p>
<p></span></span><span style="font-family: Times-Roman;">* Excessive vacancies may send a message to customers and suppliers that we are getting weak or we don&#8217;t care about them. It may cause a period of confusion for suppliers and customers regarding whom they can contact and the stability of the relationship. Errors caused by &#8220;vacant&#8221; employees may lose sales volume and occasionally customers.</p>
<p>* Any &#8220;fill in&#8221; as a sales/account rep may provide them an opportunity or excuse to look for other suppliers.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">6. COMPETITIVE ADVANTAGE:</p>
<p></span></span><span style="font-family: Times-Roman;">* Excessive vacancies may cause management to panic and to &#8220;quickly&#8221; hire some poor performers.</p>
<p>Once the team is saddled with a large number of poor performers, you may never be able to hire any new top performers.</p>
<p>* Vacancies at the CEO, CFO, CTO, and other top manager positions can adversely impact our financing and the willingness of others to partner/merge with us.</p>
<p>* Vacancies in key positions may send a message to analysts and the stock market that you are getting weak.</p>
<p>* Vacancies may send a message to competitors that you are vulnerable, which can lead to increased competitive pressures.</p>
<p>* A large number of vacancies means we are losing employees, which means weakening our culture.</p>
<p>New employees with new values may change or dilute our values and &#8220;corrupt&#8221; current employees.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">7. IMAGE AND RECRUITING:</p>
<p></span></span><span style="font-family: Times-Roman;">* Excessive vacancies sends a message to your competitors you are getting weak. This might encourage them and improve their own confidence so that they become bolder in the product and employee poaching market.</p>
<p>* Vacancies may impact new recruiting because vacancies send a message to future recruits that we are not easily able to recruit replacements.</p>
<p>* Large numbers of vacancies may also send a message to our current employees we are headed down hill.</p>
<p>* High vacancy rates may over-stress our recruiters and recruitment process.</p>
<p>* Vacancies may send a message to outside recruiters that we are vulnerable, which can lead to increased &#8220;headhunter&#8221; activity.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">8. OUT OF POCKET COSTS:</p>
<p></span></span><span style="font-family: Times-Roman;">* Having to hire high-cost consultants as &#8220;fill in help&#8221; could mean higher costs. If hourly employees are involved it probably means additional overtime costs.</p>
<p>* Vacancies can mean the underutilization of plant and equipment.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">OTHER MISCELLANEOUS CONCERNS (AND COSTS) THAT MAY ARISE:</p>
<p></span></span><span style="font-family: Times-Roman;">* The new hire may be a lower quality (low performance) candidate.</p>
<p>* New hires are unlikely to be immediately productive, thus resulting in increased costs.</p>
<p>* Some &#8220;vacating employees&#8221; take others with them soon after they leave. A &#8220;break in the dike&#8221; of one leaving may cause the whole intact team to leave.</p>
<p>* Many new hires don&#8217;t work out and must be replaced within 6 months, essentially stretching the length of the vacancy.</p>
<p>* In a tight labor market vacancies in hard to hire jobs may not be replaceable, at any cost.</p>
<p>* In start-ups and small departments, where there is little cross training, the cost may be more dramatic. If you only have ten employees and you lose two, you have a 20% vacancy rate (big deal!).</p>
<p>* Spending the time to avoid vacancies may have a huge ROI especially if your former employees go to a competitor with &#8220;your&#8221; ideas, causing their revenues to increase as yours go down.</p>
<p></span><em><strong><span style="font-family: Times-Bold;">This is an authorized reprint from The Fordyce Letter, P. O. Box 31011, St. Louis</p>
<p></span></strong></em></strong></strong></strong></strong></strong></strong></strong></strong></em></strong></strong></strong></em></strong></strong></p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/the-cost-of-an-unfilled-opening/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>First Friday Preview</title>
		<link>http://mribeach.com/first-friday-preview</link>
		<comments>http://mribeach.com/first-friday-preview#comments</comments>
		<pubDate>Tue, 01 Jun 2010 12:20:06 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[MRI News]]></category>

		<guid isPermaLink="false">http://mribeach.com/wordpress/?p=3</guid>
		<description><![CDATA[High Unemployment Isn’t Providing a Large Candidate Pool Not all unemployed are created equal. There are those who recently graduated from school and haven’t held a job yet. There are those who have made horrible mistakes and have been terminated. There are those who have been working hard every day but had to be let [...]]]></description>
			<content:encoded><![CDATA[<h3><strong>High Unemployment Isn’t Providing a Large Candidate Pool</strong></h3>
<p>Not all unemployed are created equal. There are those who recently graduated from school and haven’t held a job yet. There are those who have made horrible mistakes and have been terminated. There are those who have been working hard every day but had to be let go when their company fell on hard times. There are those who have done nothing wrong at all, but find that their positions just aren’t as essential today as they were five years ago.<br />
&nbsp;<br />
While unemployment rates remain high, that last category seems to be one whose importance is increasing, especially with hiring beginning to pick up as nearly 300,000 jobs were added in April. As we saw in both the 2000 recession and the most recent one, employers took advantage of the slowdown in business to eliminate obsolete positions, which were unnecessary even before the downturn. The increasing pace of technological advancement is enabling many positions to be replaced by automation that saves companies money.<br />
&nbsp;<br />
&#8220;When a 9.9 percent unemployment rate is being reported, that just doesn’t reflect what we are seeing both in the volume of professional candidates and in the talent demand from companies,&#8221; says Tony McKinnon, president of MRINetwork.<br />
&#8220;Over the last six months, companies have increased both their hiring and their speed of hiring, with top candidates remaining on the market for an even shorter period of time.&#8221;<br />
&nbsp;<br />
In today’s job market, there is a striking dichotomy between the short-term unemployed&#8211;those with potentially a better chance of landing a job sooner than later&#8211;and what are now considered to be the chronically unemployed, those without a job for more than 27 weeks. In fact, the percentage of workers unemployed for that period of time grew to 46 percent in April, a level never before seen since records started being kept.<br />
&nbsp;<br />
<a href="http://mribeach.com/wp-content/uploads/2010/06/June-MRI-FFP.pdf">Right click here and save to view the full version of the First Friday Preview of June</a><br />
&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/first-friday-preview/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Interesting article on costs of unfilled positions</title>
		<link>http://mribeach.com/interesting-article-on-costs-of-unfilled-positions</link>
		<comments>http://mribeach.com/interesting-article-on-costs-of-unfilled-positions#comments</comments>
		<pubDate>Mon, 17 May 2010 14:44:11 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[Franchise]]></category>
		<category><![CDATA[MRI News]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[employee]]></category>
		<category><![CDATA[management]]></category>
		<category><![CDATA[position]]></category>
		<category><![CDATA[unfilled]]></category>
		<category><![CDATA[vacancies]]></category>

		<guid isPermaLink="false">http://mribeach.com/?p=150</guid>
		<description><![CDATA[THE COST OF AN UNFILLED OPENING How much is that open position costing you? There are numerous costs associated with an unfilled position in any company. Many of these costs are difficult to quantify, but nonetheless are very real, and can be very costly. Consider the following: CALCULATING THE COST OF A VACANT “COV” POSITION: [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="font-family: Times-Bold; color: #0000ff; font-size: medium;"><span style="font-family: Times-Bold; color: #0000ff; font-size: medium;"><span style="font-family: Times-Bold; color: #0000ff; font-size: medium;">THE COST OF AN UNFILLED OPENING</p>
<p></span></span></span><span style="font-family: Times-Roman; color: #ff0000; font-size: medium;"><span style="font-family: Times-Roman; color: #ff0000; font-size: medium;"><span style="font-family: Times-Roman; color: #ff0000; font-size: medium;">How much is that open position costing you?</p>
<p></span></span></span><span style="font-family: Times-Roman;">There are numerous costs associated with an unfilled position in any company. Many of these costs are difficult</p>
<p>to quantify, but nonetheless are very real, and can be very costly.</p>
<p>Consider the following:</p>
<p></span><strong><span style="font-family: Times-Bold;">CALCULATING THE COST OF A VACANT “COV” POSITION:</p>
<p>A LIST OF THE POSSIBLE &#8220;COV&#8221; FACTORS</p>
<p></span><em><span style="font-family: Times-Italic;">By Dr. John Sullivan</p>
<p></span><strong><span style="font-family: Times-Bold;">If an airline bought a new 747, and then let it sit for two months on the runway because they didn&#8217;t</p>
<p>have a pilot, what would the cost be to the airline? In other words what is the cost of a vacant position?</p>
<p></span><span style="font-family: Times-Roman;">Many firms calculate the cost of a hire, and some go so far as to calculate the cost of a bad hire (which have</p>
<p>been estimated to be as much as three (3) times the persons annual salary), but few have taken the time to</p>
<p>calculate the cost of a vacant position. These costs can be significant: anywhere from $7,000 dollars per day to</p>
<p>$50,000 per day for an engineering position. Key leadership positions may cost as much as a million dollars per</p>
<p>week. Couple these amounts with the fact that the length of many vacancies often exceeds 100 days, and you</p>
<p>are talking about some serious financial impacts ($7,000 X 100 days = $700k).</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">ASSUMPTIONS ABOUT VACANCIES</p>
<p></span></span><span style="font-family: Times-Roman;">* Delaying product development and time to market in a fast changing industry means:</p>
<p>1. Lower margins, (as much as 10%)</p>
<p>2. A loss of first entry dominance</p>
<p>3. A loss of PR</p>
<p>4. Potential loss of market share (up to 30%)</p>
<p>* Great ideas and products come from people, not from equipment, buildings or capital. If you don&#8217;t have great</p>
<p>people . . . you won&#8217;t have great products. And without great products you won&#8217;t have a great company.</p>
<p>* If the vacancies are a result of slow recruiting process, it is important to also realize that a failure to fill</p>
<p>vacancies rapidly will probably also mean that all of the top candidates will be gone by the time you make a</p>
<p>hiring decision. So you will likely re-fill your vacancies with lower quality hires (especially because the best</p>
<p>are usually the first to quit)</p>
<p>* Vacancies in a single team can have an impact on many other teams (because of interdependencies), which</p>
<p>can cascade throughout the entire company.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">COST OF A VACANCY CHECKLIST:</p>
<p>THE BUSINESS IMPACTS OF A VACANCY</p>
<p></span></span><em><span style="font-family: Times-BoldItalic;">When you have a vacant position, one or more of the following things may happen. Guesstimate the dollar</p>
<p>costs of each bullet point that fits your situation:</p>
<p></span><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">1. PRODUCT DEVELOPMENT AND PRODUCTIVITY</p>
<p></span></span><span style="font-family: Times-Roman;">* Time To Market (TTM) is dramatically impacted by the entire production chain. Because departmental</p>
<p>schedules and plans are closely interwoven, any disruption in one department may adversely affect all others.</p>
<p>* In industries that are seasonal (i.e. toys) this disruption may be even more costly. Vacancies in key skill</p>
<p>positions may mean that products and projects may need to be dropped altogether.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">2. TEAM IMPACTS</p>
<p></span></span><span style="font-family: Times-Roman;">* Team product development may be dramatically impacted by the disruption caused by the lost productivity,</p>
<p>lost experience, leadership, idea generation and skills of the &#8220;vacated&#8221; person.</p>
<p>* If a team environment exists, a disruption in team cohesiveness may occur. This can result in a longer TTM</p>
<p>(Time To Market) and a loss of focus that can also impact TTM.</p>
<p>* Vacancies may affect the idea generation of others because co-workers are frustrated or overworked.</p>
<p>* Vacancies may cause overworked employees (because they have to fill in) to tire, which may cause increased</p>
<p>accidents.</p>
<p>* Vacancies may cause overworked employees to tire, which may adversely affect product quality through</p>
<p>increased error rates.</p>
<p>* Excessive vacancies may lead to increase &#8220;whining,&#8221; grievances and even union activity.</p>
<p>* If the team leader is the &#8220;vacancy&#8221; then &#8220;time to productivity&#8221; is likely to be even more negatively impacted.</p>
<p>* A vacancy may make a manager reluctant to terminate poor performing employees. Vacancies coupled with</p>
<p>poor performers can cripple the team.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">3. INDIVIDUAL EMPLOYEE IMPACTS</p>
<p></span></span><span style="font-family: Times-Roman;">* A vacancy means that a current employee must do the work of the vacant position. This can cause a cascade</p>
<p>effect causing others to have to fill in for their position, resulting in many &#8220;rusty&#8221; people doing unfamiliar jobs</p>
<p>and decreasing productivity.</p>
<p>* Vacancies may frustrate other employees, causing them to lower their productivity.</p>
<p>* Vacancies may frustrate other employees, causing them to quit at higher rate than they normally would.</p>
<p>* Vacancies may cause the team to miss its goals, thereby reducing the possibility of individual and team</p>
<p>incentives, which may further reduce productivity.</p>
<p>* Increased stress on overworked current employees (caused by having to fill in) may cause increased</p>
<p>absenteeism and tardiness.</p>
<p>* Vacancies may hold up vacation time for current employees which may lead to increased stress or frustration.</p>
<p>* Understaffed departments will not be able to send current employees to training and conferences, which may</p>
<p>lead to increased stress, decreased worker knowledge or frustration.</p>
<p>* If temps or &#8220;fill-ins&#8221; must be hired, they usually have a higher error rate that the average employee and they</p>
<p>are unlikely to generate many new ideas.</p>
<p>* Superstar employees often resent being asked to fill in when lesser employees positions are vacant, which</p>
<p>may cause them to quit also.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">4. INCREASED MANAGEMENT TIME AND EFFORT</p>
<p></span></span><span style="font-family: Times-Roman;">* Teams with vacancies require &#8220;high maintenance&#8221; and more management attention and worry.</p>
<p>* Managers often have to skip their normal management planning and responsibilities in order to fill in for the</p>
<p>vacant employee.</p>
<p>* When managers fill in for &#8220;vacant&#8221; employees that time can&#8217;t be spent on the best employees.</p>
<p>* Vacancies in management and team leader positions have a multiplier effect on productivity and the</p>
<p>recruitment of others.</p>
<p>* There are opportunity costs for things a manager and co-workers could have done if they didn&#8217;t have to carry</p>
<p>the extra load of filling in for a vacancy.</p>
<p>* If the vacancies are caused by top management decisions (hiring or budget freezes) it can cause managers to</p>
<p>lose hope. This can impact morale and it may lead to a high management turnover rate.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">5. CUSTOMER IMPACTS</p>
<p></span></span><span style="font-family: Times-Roman;">* Excessive vacancies may send a message to customers and suppliers that we are getting weak or we don&#8217;t care</p>
<p>about them. It may cause a period of confusion for suppliers and customers regarding whom they can contact</p>
<p>and the stability of the relationship. Errors caused by &#8220;vacant&#8221; employees may lose sales volume and</p>
<p>occasionally customers.</p>
<p>* Any &#8220;fill in&#8221; as a sales/account rep may provide them an opportunity or excuse to look for other suppliers.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">6. COMPETITIVE ADVANTAGE</p>
<p></span></span><span style="font-family: Times-Roman;">* Excessive vacancies may cause management to panic and to &#8220;quickly&#8221; hire some poor performers. Once the</p>
<p>team is saddled with a large number of poor performers, you may never be able to hire any new top</p>
<p>performers.</p>
<p>* Vacancies at the CEO, CFO, CTO, and other top manager positions can adversely impact our financing and</p>
<p>the willingness of others to partner/merge with us.</p>
<p>* Vacancies in key positions may send a message to analysts and the stock market that you are getting weak.</p>
<p>* Vacancies may send a message to competitors that you are vulnerable, which can lead to increased</p>
<p>competitive pressures.</p>
<p>* A large number of vacancies means we are losing employees, which means weakening our culture. New</p>
<p>employees with new values may change or dilute our values and &#8220;corrupt&#8221; current employees.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">7. IMAGE AND RECRUITING</p>
<p></span></span><span style="font-family: Times-Roman;">* Excessive vacancies sends a message to your competitors you are getting weak. This might encourage them</p>
<p>and improve their own confidence so that they become bolder in the product and employee poaching market.</p>
<p>* Vacancies may impact new recruiting because vacancies send a message to future recruits that we are not</p>
<p>easily able to recruit replacements.</p>
<p>* Large numbers of vacancies may also send a message to our current employees we are headed down hill.</p>
<p>* High vacancy rates may over-stress our recruiters and recruitment process.</p>
<p>* Vacancies may send a message to outside recruiters that we are vulnerable, which can lead to increased</p>
<p>&#8220;headhunter&#8221; activity.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">8. OUT OF POCKET COSTS</p>
<p></span></span><span style="font-family: Times-Roman;">* Having to hire high-cost consultants as &#8220;fill in help&#8221; could mean higher costs. If hourly employees are</p>
<p>involved it probably means additional overtime costs.</p>
<p>* Vacancies can mean the underutilization of plant and equipment.</p>
<p></span><strong><span style="font-family: Times-Bold; color: #0000ff;"><span style="font-family: Times-Bold; color: #0000ff;">OTHER MISCELLANEOUS CONCERNS (AND COSTS) THAT MAY ARISE</p>
<p></span></span><span style="font-family: Times-Roman;">* The new hire may be a lower quality (low performance) candidate.</p>
<p>* New hires are unlikely to be immediately productive, thus resulting in increased costs.</p>
<p>* Some &#8220;vacating employees&#8221; take others with them soon after they leave. A &#8220;break in the dike&#8221; of one leaving</p>
<p>may cause the whole intact team to leave.</p>
<p>* Many new hires don&#8217;t work out and must be replaced within 6 months, essentially stretching the length of the</p>
<p>vacancy.</p>
<p>* In a tight labor market vacancies in hard to hire jobs may not be replaceable, at any cost.</p>
<p>* In start-ups and small departments, where there is little cross training, the cost may be more dramatic. If you</p>
<p>only have ten employees and you lose two, you have a 20% vacancy rate (big deal!).</p>
<p>* Spending the time to avoid vacancies may have a huge ROI especially if your former employees go to a</p>
<p>competitor with &#8220;your&#8221; ideas, causing their revenues to increase as yours go down.</p>
<p></span><em><span style="font-family: Times-Italic;">DR. JOHN SULLIVAN (JohnS@sfsu.edu) is a well-known international speaker, author, and advisor to</p>
<p>Fortune 500 and Silicon Valley firms. He was called the &#8220;Michael Jordan of Hiring&#8221; by Fast Company</p>
<p>Magazine. Dr. Sullivan is also head of the Human Resources Management Program at San Francisco State</p>
<p>University. We thank Dr. Sullivan for allowing us to share it with our readers.</p>
<p></span><strong><span style="font-family: Times-Bold;">This is an authorized reprint from The Fordyce Letter, P. O. Box 31011, St. Louis</p>
<p></span></strong></em></strong></strong></strong></strong></strong></strong></strong></strong></em></strong></strong></strong></em></strong></strong></p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/interesting-article-on-costs-of-unfilled-positions/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Employment Report</title>
		<link>http://mribeach.com/employment-report</link>
		<comments>http://mribeach.com/employment-report#comments</comments>
		<pubDate>Thu, 13 May 2010 10:20:48 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[MRI News]]></category>

		<guid isPermaLink="false">http://mribeach.com/wordpress/?p=5</guid>
		<description><![CDATA[MRINetwork Analysis of Today&#8217;s Bureau of Labor Statistics (BLS) Report Beating expectations averaging a gain of 190,000 jobs, the Labor Department this morning estimated that 290,000 jobs were added in the United States during the month of April. The unemployment rate in the month rose from 9.7 to 9.9 percent, topping estimates. However, the growth [...]]]></description>
			<content:encoded><![CDATA[<h3><strong>MRI</strong>Network <strong>Analysis of Today&#8217;s Bureau of Labor Statistics (BLS) Report</strong></h3>
<p>Beating expectations averaging a gain of 190,000 jobs, the Labor Department this morning estimated that 290,000 jobs were added in the United States during the month of April. The unemployment rate in the month rose from 9.7 to 9.9 percent, topping estimates. However, the growth is attributable to a large increase in labor market participation. While the U.S. noninstitutional population rose by only 170,000 in April, labor market participation increased by 805,000 edging to within only 3,000 of its size in April 2009.<br />
&nbsp;<br />
Since February, there has been a rise in job leavers from 866,000 to 938,000 people. As more workers voluntarily leave their jobs, this indicates both an increase in job market liquidity and growing candidate confidence in the market.<br />
&nbsp;<br />
<a href="http://mribeach.com/wp-content/uploads/2010/05/May-Emp.pdf">Right click here and save to view the full version of the Employment Report for May</a><br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/employment-report/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Recent Economic News</title>
		<link>http://mribeach.com/recent-economic-news</link>
		<comments>http://mribeach.com/recent-economic-news#comments</comments>
		<pubDate>Mon, 26 Apr 2010 14:47:30 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[Franchise]]></category>
		<category><![CDATA[MRI News]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[jobs]]></category>

		<guid isPermaLink="false">http://mribeach.com/?p=123</guid>
		<description><![CDATA[Aside from Franchise Industry news I wanted to relay some very positive “overall” economic news from this past quarter.   ~ March - payrolls were up for the 3rd time since the recession began in late 2007, that&#8217;s good news, the unemployment rate is at 9.7%.  As we continue on the road to recovery, this will [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Aside from Franchise Industry news I wanted to relay some very positive “overall” economic news from this past quarter.</strong></p>
<p><strong> </strong></p>
<p><strong>~ </strong><strong>March - payrolls were up for the 3<sup>rd</sup> time since the recession began in late 2007, that&#8217;s good news, the unemployment rate is at 9.7%.  As we continue on the road to recovery, this will begin to come down.</strong><strong> </strong></p>
<p><strong> </strong></p>
<p><strong>~ March &#8211; housing starts and building permits were higher for the month;</strong></p>
<p><strong> </strong></p>
<p><strong>~ February &#8211; period home sales rose sharply by 8.2%;</strong></p>
<p><strong>  </strong></p>
<p><strong>~ April &#8211; consumer confidence in April rebounded from a one year low on hopes that an improving economy will continue to create jobs.  </strong></p>
<p><strong> </strong></p>
<p><strong>THE MARKET AND LEADERSHIP</strong></p>
<p><strong> </strong></p>
<p><strong>As of the beginning of March the market has begun trending upward. March 1<sup>st</sup> was a follow through day which was the kick-off of the current rally. It is a very broad based rally meaning there are a number of industries participating on the upside.</strong></p>
<p><strong> </strong></p>
<p><strong>Interestingly enough, there are a few industries that are standing out, which are the ….</strong></p>
<p><strong>                        -  Retail industry</strong></p>
<p><strong>                        -  Technology industry</strong></p>
<p><strong>                        -  Internet content</strong></p>
<p><strong> </strong></p>
<p><strong>With signs that the economy is coming back these are the companies planning to increase spending because they feel better about the economy.</strong></p>
<p><strong> </strong></p>
<p><strong>Some of the technology companies are Apple (the Ipad sure helps!), Intel, SanDisk, SalesForce.com, and Cognizant.</strong></p>
<p><strong>The retail industry is seeing signs of the consumer coming back.  Stocks such as Decker&#8217;s, Guess, Chipotle, McDonalds, Cheese Cake Factory, and Dress Barn have risen as well.</strong></p>
<p><strong> </strong></p>
<p><strong>Internet content firms that do the majority of their business online such as Baidu, Amazon, and Priceline have been leaders in their segment.</strong></p>
<p><strong> </strong></p>
<p><strong>Even leisure industries that depend heavily on the consumer have been rising &#8212; stocks such as Las Vegas Sands and Wynn Resorts.</strong></p>
<p><strong> </strong></p>
<p><strong>Let’s hope that whatever “bumps” in the quarters ahead are minimal and the economy continues to get better!</strong></p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/recent-economic-news/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IFA International Expo &#8211; Washington, D.C. (4/9/2010)</title>
		<link>http://mribeach.com/ifa-international-expo-washington-d-c-492010</link>
		<comments>http://mribeach.com/ifa-international-expo-washington-d-c-492010#comments</comments>
		<pubDate>Fri, 26 Mar 2010 15:12:14 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[MRI News]]></category>
		<category><![CDATA[Franchise]]></category>
		<category><![CDATA[franchisor]]></category>
		<category><![CDATA[IFA]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[staffing]]></category>

		<guid isPermaLink="false">http://mribeach.com/?p=118</guid>
		<description><![CDATA[I will be attending the IFA International Expo in Washington, D.C. on April 9th, 2010.  My firm serves the Franchise niche and I would be more than happy to discuss any critical staffing needs (domestic and international) you may have as well as discuss any other related topic that I can be of assistance with [...]]]></description>
			<content:encoded><![CDATA[<p>I will be attending the IFA International Expo in Washington, D.C. on April 9th, 2010.  My firm serves the Franchise niche and I would be more than happy to discuss any critical staffing needs (domestic and international) you may have as well as discuss any other related topic that I can be of assistance with and that would benefit your organization.</p>
<p>If you can&#8217;t make the show and would like for me to do some scouting for you, give me a call / email so we can discuss more specifically.</p>
<p><a title="IFA International Expo" href="http://www.ifeinfo.com/" target="_blank">I look forward to seeing &#8220;old and new faces&#8221; on April 9th, 2010.  For information to the show and my site please click here. </a></p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/ifa-international-expo-washington-d-c-492010/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LinkedIn discussion; Why Franchisors fail?</title>
		<link>http://mribeach.com/linkedin-discussion-why-franchisors-fail</link>
		<comments>http://mribeach.com/linkedin-discussion-why-franchisors-fail#comments</comments>
		<pubDate>Wed, 17 Mar 2010 14:32:04 +0000</pubDate>
		<dc:creator>MRI</dc:creator>
				<category><![CDATA[MRI News]]></category>
		<category><![CDATA[fail]]></category>
		<category><![CDATA[Franchise]]></category>
		<category><![CDATA[franchisor]]></category>
		<category><![CDATA[operations]]></category>
		<category><![CDATA[success]]></category>

		<guid isPermaLink="false">http://mribeach.com/?p=106</guid>
		<description><![CDATA[&#160; A recent question was posed to the LinkedIn Franchise Networking group, which asked for main reasons the group felt contributed to a franchisors demise?  My answer was the following: &#160; &#8220;As all before me have indicated, there are several reasons why a franchisor can fail, but I would like to add a spin on [...]]]></description>
			<content:encoded><![CDATA[<p>&nbsp;<br />
A recent question was posed to the LinkedIn Franchise Networking group, which asked for main reasons the group felt contributed to a franchisors demise?  My answer was the following:<br />
&nbsp;<br />
<span style="color: #0000ff;">&#8220;As all before me have indicated,  there are several reasons why a franchisor can fail, but I would like to add a  spin on this original question; Why do franchisors succeed?  Based on my  experience I feel that if a franchisor has a legitimate concept / business  model, systems / procedures in place, up to date training methods and delivery  and proper corp. staff head count to administer and deliver to the franchisee  base the over-riding reason a franchisor will succeed is how well they cultivate  strong franchisor – franchisee relations.  If a franchisor considers their  franchisee base as “partners in profit” and everything else is in place the  business should grow.  This is not to suggest that a franchisor shouldn’t  consider their franchisee’s as “customers” as a franchisor needs to value its  franchisee’s (customers) business and strive to deliver them new products /  training / vendors that will help grow their business. One way to gauge the  current franchisor – franchisee relations (from a franchisee’s perspective) is  to see how difficult it is to connect with the President of the franchisor.  If  it is difficult then I think you know where things stand.&#8221;</span><br />
&nbsp;<br />
<span style="color: #0000ff;"><a title="LinkedIn Discussion" href="http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers=&amp;gid=79568&amp;discussionID=15173553&amp;goback=%2Eanh_79568" target="_blank"><span style="color: #000000;">As you can imagine, there were many valid reasons submitted and to see the rest of the group&#8217;s thoughts please click here.</span></a><br />
&nbsp;</p>
]]></content:encoded>
			<wfw:commentRss>http://mribeach.com/linkedin-discussion-why-franchisors-fail/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

