DID YOU KNOW?
An employer needs 50 days on average to fill a vacant position.
The average cost of recruiting a new employee is $4,588.
Industrial engineers earn $55,140 nationwide, but bring home $64,023 in the Mid-Atlantic and $67,317 in the Mountain states.
New Math
Ever wonder how Internet research gurus arrive at those foolproof online sales forecasts? Just apply this formula:
1 = According to Insight Technology Group, 60% of all CRM projects fail.
2 = A current study by the Data Warehousing Institute says that only 7% of 1,516 executives surveyed claim to have a mature CRM system in place.
3 = An AMR Newswire survey of 100 companies shows that only 12% of CRM projects exceed expectations.
1 + 2 + 3 = Gartner’s projection that the CRM market is on the verge of exploding, with estimated spending of $76.3 billion by 2005.
WHERE IN THE WORLD?
One in five retailers will expand their distribution centers or add new ones in the next year, reports Deloitte & Touche LLP. Most of the companies planning to add international DCs expect to situate them in Western Europe.
| Target Areas for DCs | Firms (%) | |
|---|---|---|
| In the United States | Midwest | 48% |
| West | 48 | |
| Southeast | 39 | |
| Northeast | 23 | |
| Southwest | 16 | |
| Northwest | 10 | |
| International | 22 | |