Trax(R) Retail Solutions Launches a Solution Providing Retailers a Way to Reduce the Costs Associated With Hiring and Training Cashiers
Trax Time-to-Competency Scorecard Shows Managers and Human Resources Professionals an "at a Glance" View and Analysis of new Cashier Performance During the Training Period
SCOTTSDALE, AZ--February 25, 2004 -- Trax Retail Solutions® (Trax), the market leader in loss prevention, store operations control and profit optimization solutions for the retail industry, announced its launch of Trax Time-to-Competency Scorecard.
The Trax Time-to-Competency Scorecard is designed to help management get new hire cashiers to a fully competent performance level within eight to twelve weeks, significantly reducing the costs associated with hiring and training. Associated best practices direct management to coach new cashiers to improved performance levels at an accelerated rate, or to eliminate new hires that may have been misplaced as cashiers. Time-to-Competency Scorecard builds on the capabilities of Trax`s ShrinkTrax® by reinforcing the shrink prevention culture in stores, thereby increasing store profits. Additionally, it dramatically improves awareness of the efficiency and effectiveness of the company and stores` training personnel and programs.
ShrinkTrax®, the anchor solution in the Trax SmartStore® loss prevention suite, is the only pre-active loss prevention solution that is guaranteed to prevent cashier and vendor-related shrink -- before it happens. Intelligent data mining technology analyzes data points throughout the retail store -- from the POS to DSD and all points in between -- while exclusive narrative action plans provide store managers with intuitive analyses of their most shrink-sensitive areas and employee productivity opportunities, as well as suggestions for corrective action in plain-English text.
"Reducing the training time associated with the development of new cashiers allows management to dedicate more time and energy to the optimization of store conditions, thus increasing overall profitability," said Ron Southard, Executive Vice President, Trax Retail Solutions. "Increasing cashier confidence will reduce front-end shrink and boost customer confidence, which translates to improved sales. Additionally, increasing cashier confidence leads to higher job satisfaction and increased longevity, thus reducing your costs even further," said Southard.
About Trax® Retail Solutions
Trax Retail Solutions is the market leader in loss prevention, store operations control and profit optimization solutions for the retail industry. Serving the $3.5 trillion retail market, the company`s flagship SmartStore® loss prevention and store operations control solutions have helped over 22,000 retailers worldwide improve profits by empowering store managers with education and training, world-class technology and industry best practices for store operation. The SmartStore suite includes software and services for shrink prevention, store operations control and retail profit optimization.
White papers on various loss prevention and store operations control topics are available to retailers for a limited time. To request yours, call 480.948.0001 ext. 285 or visit www.traxretail.com.
Contact:
Mike Bellowe
Marketing Manager
480.948.0001 x156
mbellowe@trax-usa.com
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