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As a Job Seeker, Know Your Numbers

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Top Business News Canada

Employers understand one thing: Numbers. Hence, the language of business is numbers, which is why employers like candidates who include numbers in their LinkedIn profiles and resumes and can discuss their numbers throughout the interview.

 

Numbers = Results = Value

Without a number, “business numbers” such as cost of sale, gross margin, net profit, depreciation, and revenue have no meaning. Employees contribute to, or at least heavily influence, business numbers.

Rarely is a business decision made without looking at and assessing “the numbers.” Therefore, it is imperative that you speak the language of business during your job search, especially when interviewing. Your numbers are your unique selling points (USPs).

When asked, “What do you do?” what is easier to picture, understand, and judge:

  1. “I’m a pharmaceutical salesperson for Simeon.”
  2. “I sell Simeon’s line of heart medications, which consists of seven different medications used to treat heart ailments. Last year I sold over 375,000 units, generating $6.5 million in revenue.”

The second answer provides the size and scope of what the person does and how successful they are. Numbers are vital to your career story. Without numbers, your story is unsubstantiated, thus lacking credibility, a feeling you do not want your interviewer to have.

It is said that everything can be measured and, therefore, quantifiable. According to the ancient Greek philosopher Pythagoras, “Number is within all things.” Risk, security, satisfaction, morale, and yes, even happiness, beauty, and love (Do you love your wife or your coffee table more? Answering this question provides a rank measurement.) can be measured in ways that are useful.

I am not saying everything can be quantified precisely using an objective unit of measure. That is not my point. Most of the time, all you need is a “good enough” metric for you to make a decision. For example, should you need to evacuate your home immediately, what would be your priority, your wife or your coffee table?

The purpose of reading numbers, such as in a financial report, the caloric content of a meal, taking a measurement (READ: create a number), or making a guesstimate is to assist you in making an informed decision, such as whether to purchase a company’s stock or whether the meal you are contemplating on ordering is healthy. When it comes to measurement, numbers can be concrete, like revenue, weight, distance, discount, number of views or something squishy (elastic) like net promoter or customer satisfaction score.

No: “I fundraised for the Heart and Stroke Foundation.”

Yes: “Daily, I made between 60 – 80 outbound calls to past Heart and Stroke Foundation donors. Since 2020, I increased my donations by 20%. In 2021 I raised $2,750,000.”

By providing numbers supporting your strengths and results throughout your resume, LinkedIn profile, while networking, and most importantly, during an interview, you are assisting employers in determining if your skills and capabilities will make you a fit for the job expectations and, more importantly, if hired what results you will deliver. As I have mentioned in a previous column, employers hire to achieve results. Your numbers are proof of the results you are able to achieve.

No: “I manage Binford’s social media accounts.”

Yes: “I oversee Binford’s four social media accounts, Facebook, Instagram, LinkedIn, and Twitter, which currently have a combined total of 7.6 million followers. This past May, I created content that generated 4.6 million likes, 2.1 million shares, and retweets, resulting in 17% more traffic for Binford compared to April’s.”

Before beginning your job search assess your skills, strengths, and aptitudes and determine how to quantify them. For example, you may be proud of your ability to retain customers. Therefore, calculate your customer retention rate and tell your interviewer something along the lines of, “My customer retention rate, since 2017, at Wayne Enterprises, has ranged between 88% and 96%” Then be ready to explain how you accomplished this.

No: “I take inbound calls.”

Yes: “I handle 60-80 inbound customer calls daily and have an average handling time of two and a half minutes.”

Numbers sell. Think of all the decisions you make throughout the day based on numbers (monetary, measurements, percentage, time). When possible, use numbers to prove your accomplishments and core strengths. You can describe your skills with obvious metrics like sales volume, market share, or profitability, as well as people-oriented ones such as number of clients served, or the number of employees managed.

No: “I am a financial consultant.”

Yes: “I have ten years of experience in personal finance management and helped 45 repeat clients increase their capital by 15% annually.”

Regardless of your profession or industry, you have numbers. Some performance numbers that indicate your capability are revenue generated, outbound calls made daily, invoices processed weekly, employees managed, billable hours, and the size of the warehouse floor you cleaned nightly, to name a few possible numbers.

When job searching, especially when interviewing, know your numbers! Since most candidates do not know their numbers, sharing your numbers that showcase your skills and results will give you a competitive advantage, especially if you saved or made your employer money.

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Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

Business

Roots sees room for expansion in activewear, reports $5.2M Q2 loss and sales drop

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TORONTO – Roots Corp. may have built its brand on all things comfy and cosy, but its CEO says activewear is now “really becoming a core part” of the brand.

The category, which at Roots spans leggings, tracksuits, sports bras and bike shorts, has seen such sustained double-digit growth that Meghan Roach plans to make it a key part of the business’ future.

“It’s an area … you will see us continue to expand upon,” she told analysts on a Friday call.

The Toronto-based retailer’s push into activewear has taken shape over many years and included several turns as the official designer and supplier of Team Canada’s Olympic uniform.

But consumers have had plenty of choice when it comes to workout gear and other apparel suited to their sporting needs. On top of the slew of athletic brands like Nike and Adidas, shoppers have also gravitated toward Lululemon Athletica Inc., Alo and Vuori, ramping up competition in the activewear category.

Roach feels Roots’ toehold in the category stems from the fit, feel and following its merchandise has cultivated.

“Our product really resonates with (shoppers) because you can wear it through multiple different use cases and occasions,” she said.

“We’ve been seeing customers come back again and again for some of these core products in our activewear collection.”

Her remarks came the same day as Roots revealed it lost $5.2 million in its latest quarter compared with a loss of $5.3 million in the same quarter last year.

The company said the second-quarter loss amounted to 13 cents per diluted share for the quarter ended Aug. 3, the same as a year earlier.

In presenting the results, Roach reminded analysts that the first half of the year is usually “seasonally small,” representing just 30 per cent of the company’s annual sales.

Sales for the second quarter totalled $47.7 million, down from $49.4 million in the same quarter last year.

The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent.

The numbers reflect the fact that Roots continued to grapple with inventory challenges in the company’s Cooper fleece line that first cropped up in its previous quarter.

Roots recently began to use artificial intelligence to assist with daily inventory replenishments and said more tools helping with allocation will go live in the next quarter.

Beyond that time period, the company intends to keep exploring AI and renovate more of its stores.

It will also re-evaluate its design ranks.

Roots announced Friday that chief product officer Karuna Scheinfeld has stepped down.

Rather than fill the role, the company plans to hire senior level design talent with international experience in the outdoor and activewear sectors who will take on tasks previously done by the chief product officer.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:ROOT)

The Canadian Press. All rights reserved.

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Talks on today over HandyDART strike affecting vulnerable people in Metro Vancouver

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VANCOUVER – Mediated talks between the union representing HandyDART workers in Metro Vancouver and its employer, Transdev, are set to resume today as a strike that has stopped most services drags into a second week.

No timeline has been set for the length of the negotiations, but Joe McCann, president of the Amalgamated Transit Union Local 1724, says they are willing to stay there as long as it takes, even if talks drag on all night.

About 600 employees of the door-to-door transit service for people unable to navigate the conventional transit system have been on strike since last Tuesday, pausing service for all but essential medical trips.

Hundreds of drivers rallied outside TransLink’s head office earlier this week, calling for the transportation provider to intervene in the dispute with Transdev, which was contracted to oversee HandyDART service.

Transdev said earlier this week that it will provide a reply to the union’s latest proposal on Thursday.

A statement from the company said it “strongly believes” that their employees deserve fair wages, and that a fair contract “must balance the needs of their employees, clients and taxpayers.”

This report by The Canadian Press was first published Sept. 12, 2024.

The Canadian Press. All rights reserved.

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Transat AT reports $39.9M Q3 loss compared with $57.3M profit a year earlier

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MONTREAL – Travel company Transat AT Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue edged lower.

The parent company of Air Transat says it lost $39.9 million or $1.03 per diluted share in its quarter ended July 31.

The result compared with a profit of $57.3 million or $1.49 per diluted share a year earlier.

Revenue in what was the company’s third quarter totalled $736.2 million, down from $746.3 million in the same quarter last year.

On an adjusted basis, Transat says it lost $1.10 per share in its latest quarter compared with an adjusted profit of $1.10 per share a year earlier.

Transat chief executive Annick Guérard says demand for leisure travel remains healthy, as evidenced by higher traffic, but consumers are increasingly price conscious given the current economic uncertainty.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:TRZ)

The Canadian Press. All rights reserved.

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