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Talent Advantage®
     A Retail Client                                                                                                                     High Talent, High Sales

     A nationwide grocery retail chain was           A significant and substantial relationship exists between the total score on the
     preparing for rapid expansion in the coming     PCM Interview and dollars in sales. For every point increase in total score, the client
     years. To accomplish these growth goals, it     saw a $1.4 million increase in annual sales. This translates to nearly $42 million
     became necessary for the company to have        between a manager who scored a 20 on the interview and one who scored a 50.
     a better understanding of what defined          Clearly, greater talent means greater sales.
     a successful grocery store manager. With
                                                                                $70,000,000
     a profile of their ideal store manager, the
     chain could drastically improve their results
                                                                                $60,000,000
     when selecting future leaders for their
     stores. To assist in the creation of an ideal
                                                                                $50,000,000
     store manager profile, the organization
     partnered with Talent Plus to interview
                                                                                $40,000,000
     the current group of store managers and
                                                                        Sales
     compare the results to actual performance
                                                                                $30,000,000
     metrics. Using Talent Plus’ Profit Center
     Manager (PCM) Interview, the organization
                                                                                $20,000,000
     received a thorough understanding of the
     talents defining a successful store manager.                               $10,000,000


  Overall success on the Profit Center                                                  $0
  Manager Interview was found to be highly                                                    20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50
  correlated to net sales and earnings of a                                                                    Interview Score

  store. As shown in the graph below, for
  every single point increase in the store           The results of the analysis illustrate that those who met the cut-score on the PCM
  manager’s total score on the interview, the        Interview were significantly more likely to be members of the sales elite group
  company saw a 1.4 million dollar increase          than those who did not meet the cut-score. This means they contributed more
  in annual sales. As the grocery chain              revenue as members of the sales elite group than those considered non-sales elite.
  opens new stores, they will use the Profit
  Center Manager Interview to hold out for                            25                                                         23
 “Recommended” candidates with higher
  total scores, ensuring the highest probability                      20
  of maximum sales potential.                                                                         14
                                                                      15
     While many of the thirteen themes of the                                                                                            10
                                                                      10
     Profit Center Manager were positively                                                    7
     correlated to the organizations’ success
                                                                       5
     metrics, the themes of Focus, Leader and
     Recruiter had the highest correlation. With                       0
     this increased knowledge, the organization
                                                                                              Sales Elite                   Non-Sales Elite
     is able to more accurately predict success
     when looking at internal candidates                                                  Not Recommended                 Recommended
     for store manager promotions or when
     selecting an external candidate.



                                                     As a bonus outcome from the study, Talent Plus was able to identify store managers who
                                                     possessed untapped potential. Recommendations were made to move these individuals
                                                     to larger stores and increase their responsibilities. To further develop all of the store
                                                     managers interviewed, Talent Plus consultants provided individualized feedback and met
                                                     with them for goal planning sessions.

                                                                                                                                      Copyright © 2010 Talent Plus ®
                                                                                                                                                  Lincoln, Nebraska
76

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Talent In Retail

  • 1. Talent Advantage® A Retail Client High Talent, High Sales A nationwide grocery retail chain was A significant and substantial relationship exists between the total score on the preparing for rapid expansion in the coming PCM Interview and dollars in sales. For every point increase in total score, the client years. To accomplish these growth goals, it saw a $1.4 million increase in annual sales. This translates to nearly $42 million became necessary for the company to have between a manager who scored a 20 on the interview and one who scored a 50. a better understanding of what defined Clearly, greater talent means greater sales. a successful grocery store manager. With $70,000,000 a profile of their ideal store manager, the chain could drastically improve their results $60,000,000 when selecting future leaders for their stores. To assist in the creation of an ideal $50,000,000 store manager profile, the organization partnered with Talent Plus to interview $40,000,000 the current group of store managers and Sales compare the results to actual performance $30,000,000 metrics. Using Talent Plus’ Profit Center Manager (PCM) Interview, the organization $20,000,000 received a thorough understanding of the talents defining a successful store manager. $10,000,000 Overall success on the Profit Center $0 Manager Interview was found to be highly 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 correlated to net sales and earnings of a Interview Score store. As shown in the graph below, for every single point increase in the store The results of the analysis illustrate that those who met the cut-score on the PCM manager’s total score on the interview, the Interview were significantly more likely to be members of the sales elite group company saw a 1.4 million dollar increase than those who did not meet the cut-score. This means they contributed more in annual sales. As the grocery chain revenue as members of the sales elite group than those considered non-sales elite. opens new stores, they will use the Profit Center Manager Interview to hold out for 25 23 “Recommended” candidates with higher total scores, ensuring the highest probability 20 of maximum sales potential. 14 15 While many of the thirteen themes of the 10 10 Profit Center Manager were positively 7 correlated to the organizations’ success 5 metrics, the themes of Focus, Leader and Recruiter had the highest correlation. With 0 this increased knowledge, the organization Sales Elite Non-Sales Elite is able to more accurately predict success when looking at internal candidates Not Recommended Recommended for store manager promotions or when selecting an external candidate. As a bonus outcome from the study, Talent Plus was able to identify store managers who possessed untapped potential. Recommendations were made to move these individuals to larger stores and increase their responsibilities. To further develop all of the store managers interviewed, Talent Plus consultants provided individualized feedback and met with them for goal planning sessions. Copyright © 2010 Talent Plus ® Lincoln, Nebraska 76