Business

A new HR approach to growing businesses with Constance Aloe

Published

12 months ago

October 7, 2021

ticker NEWS

Growing businesses need human resources – that’s the way companies can scale.

But Distinctive – People, Performance and Learning‘s Constance Aloe argues whether you’re a startup, SME or a Fortune 500, it is an area of the business that must be implemented in some capacity.

“After working in HR over the past 20 years, it is the area of a business that does get overlooked,” Aloe states. “I hear many C-level people say HR are is the ‘People Police’.

“People understand the importance of HR, but don’t want to make a long-term commitment to it.

“HR is too focused on risk and mitigation, and not aligned to business growth.”

Aloe breaks down how a business should be looked at externally.

“Any business can be seen as a series of inputs,” she says. “To generate a performance output – whether it be sales, market share or profitability.”

“The greatest way a business can improve that output is through their people.”

Employee retention is also something that businesses must think about, and Aloe believes by providing the right environment, they can keep their best talent.

“We’re hearing about ‘the great resignation’ coming through,” Aloe adds. “Companies are spending all that money to attract top talent.

“But the experience they have after entering the door is most crucial.

“If you get it wrong, it may cost you 50% of the person’s starting salary.”

Aloe outlines some of the smarter ways to have top talent within your business.

“You can have people in your business, without having a full-time headcount,” she continues. “You may be able to have them three days a week, and not paying them a full-time capacity.

“At Distinctive, we also offer HR support, which means companies don’t have to have that head count.

“Look at your budget, and skill set, and look if there is a smarter way of implementing it.”

For more information, head to Distinctive – People, Performance and Learning‘s website.

Business

World’s second-biggest fashion retailer blames Russia for 89% profit drop

Published

11 hours ago

September 29, 2022

ticker NEWS

The Swedish fashion giant H&M says profits have dropped 89 per cent

They blame cost inflation, slow consumer spending and one-off expenses related to its exit from Russia.

Pretax profit in the period, the Swedish group’s fiscal third quarter, fell to 689 million crowns ($60.9 million) from a year-earlier 6.09 billion.

The Russian exit accounted for half of the decrease in profits, according to the retailer.

H&M announced a cost cutting programme that it predicted would result in annual savings of around 2 billion crowns, with savings expected to become visible in the second half of 2023.

Business

How Disney beat Netflix at its own game

Published

11 hours ago

September 29, 2022

Ahron Young

When it comes to streaming, there’s a new sheriff in town.

Disney+ has quickly become a major force in the streaming wars, adding over 14 million new subscribers in its latest quarter. That’s a big jump from the 3 million it had just three months prior.

In comparison, Netflix lost nearly 1 million subscribers in the same period.

So what happened? How did Disney+ overtake Netflix so quickly?

There are a few factors at play.

For one, Disney+ has a lot of content that people want to watch. As well as its acquisition of 21st Century Fox, the service has access to popular franchises like Star Wars, Marvel, and The Simpsons. That’s a big draw for people who are looking for something to watch.

In addition, Disney+ is much cheaper than Netflix. A subscription to Disney+ costs $6.99 per month, while a Netflix subscription starts at $8.99 per month. For people who are trying to save money, Disney+ is the more appealing option. Though Disney and Netflix have signalled they’re going to push up their prices.

Disney+ has been aggressive in marketing itself as the superior streaming service. The company has run a number of ads that compare its service favorably to Netflix. This has helped convince people to switch to Disney+.

The Disney effect

The Walt Disney Company launched Disney+ on November 12, 2019. The streaming service is available in the United States, Canada, the Netherlands, Australia, New Zealand, and Puerto Rico.

As of the second quarter of 2020, Netflix had nearly 221 million subscribers across 190 countries.

Factbox

What is the market share of Netflix? In the United States, Netflix has a market share of 37%. That means it is the most popular streaming service in the country.

When was Netflix founded? Netflix was founded on August 29, 1997, in Scotts Valley, California.

What type of company is Netflix? Netflix is a publicly-traded company. Its stock is traded on the Nasdaq under the ticker symbol NFLX.

What is the headquarters of Netflix? The headquarters of Netflix is located in Los Gatos, California.

Disney+ facts

Disney is spending $1 billion per year on its streaming service.

What is the market share of Disney+? In the United States, Disney+ has a market share of 24%.

When was Disney+ launched? Disney+ was launched on November 12, 2019.

What type of company is Disney? Disney is a publicly-traded company. Its stock is traded on the New York Stock Exchange under the ticker symbol DIS.

How much does Disney stock cost? As of August 2020, the price of one share of Disney stock is $115.76.

What is the headquarters of Disney? The headquarters of Disney is located in Burbank, California.