7 Ways to Maximize Your Company’s Profits

team-effort

Assemble the right team: Thompson recommends not waiting for quarterly or annual reviews to give performance feedback, but rather to engage employees at all times. “You need to make them as objective and measureable as you can so that feedback can be flowing in every week if possible,” he says. On the hiring side, he recommends looking at what behaviors the candidate has displayed in the roles for which you want to hire them. Ask what have they done in the past and look for patterns. He cites the rule of threes. “You interview them in three different locations, have three or more people interview them and get at least three points of reference on their past behavior.”

Assemble the right team: Thompson recommends not waiting for quarterly or annual reviews to give…