Viewpoint
Comprehensive Workforce Strategy: The Path to Glory for 2010
The need to identify, develop and connect talent has never been more critical. Attracting, allocating and investing in human capital is not just an HR mission but must be shared by all stakeholders. Your organization’s human capital strategy should be just that – STRATEGIC! All executives, functional leaders and line managers have got to be involved in the development of a forward thinking strategy and its ultimate execution. A keen focus on comprehensive workforce management coupled with a collaborative environment able to cross traditional boundaries will enable competitive advantage as we tackle the challenges of 2010.
FYI Candidates
Candidates: How Tina Turner Helped Me Learn to Deal with Job RejectionSometimes, even if you’re a rock star, you don’t get the job. I dish out a heap of rejection on a regular basis to all the candidates who don’t make the cut, and it pains me to reject anyone. A while back, I heard a story involving Tina Turner, Whoopi Goldberg, and the movie “Ghost” that helped me put perspective on what I find to be one of the most un-fun parts of being an executive recruiter: telling good candidates “no.”
Executive Movements
DUNKIN’ BRANDS INC. said Monday it hired former Starbucks’ executive PAUL TWOHIG to serve as brand operating officer for its Dunkin’ Donuts chain. Twohig replaces William Kussell, who resigned as Dunkin’ Donuts’ president and chief brand officer on Oct. 1. Nigel Travis, chief executive of Dunkin’ Donuts’ parent company, Dunkin’ Brands Inc., will take over as the chain’s president. Twohig, who served as division senior vice president for Starbucks before joining Dunkin’ Brands, will head up operations for the doughnut chain and serve on its parent company’s leadership team. He will report directly to Travis.
RUBIO’S RESTAURANTS INC. said Tuesday it has promoted MARC SIMON to the newly created position of chief operating officer. Simon, who joined Rubio’s in November 2007 as senior vice president of operations, will oversee operations for the 195-unit Rubio’s Fresh Mexican Grill chain
CHECKERS DRIVE-IN RESTAURANTS INC. on Thursday named LYNETTE MCKEE to the new post of senior vice president and chief development officer for the company, which has 840 units operating under the Checkers and Rally’s brands. McKee most recently was vice president of franchising for DUNKIN’ BRANDS. She previously had served in a variety of franchising management positions with Burger King, Metromedia Restaurant Group and Denny’s.
Financial Overview
KRISPY KREME INTERNATIONAL INC. nearly broke even in its latest quarter, helped by lower commodity costs, the closure of underperforming stores and a same-store sales increase at corporate locations. The operator or franchisor of 548 Krispy Kreme locations, said it would continue to open stores with a smaller footprint as well as additional overseas locations.
CRACKER BARREL OLD COUNTRY STORE INC. reported Tuesday an 8.5-percent increase in profit for the fourth quarter ended July 31, which company officials said was mainly the result of cost-cutting measures that offset continued sales weakness. Fiscal fourthquarter earnings rose to $22.8 million, or 99 cents per share, from $21 million, or 93 cents per share, in the same quarter a year ago.
Second-quarter profit fell about 1 percent for CKE RESTAURANTS INC., as lower operating costs helped offset still-declining sales at the CARL’S JR. and HARDEE’S quick-service chains. For the quarter ended Aug. 10, CKE’s net income totaled $12.25 million, or 22 cents per share, compared with $12.34 million, or 23 cents per share, for the second quarter last year. Latest-quarter total revenue fell 4.7 percent to $336 million.
