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The MHC Blog

Powerful Business Insights for Succesful Leaders
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The only constant is innovation

For anyone following the issues facing high street brands, it feels like weekly shock and awe as big names start announcing profit warnings and store closures – Carpet Right, B&Q, Moss Bros, New Look, Toys R Us – the list keeps growing. 

Recently I read the completely shocking news of the brand loved by little girls of all ages, Claire's Accessories has filed for bankruptcy protection in the US as part of a move to reduce its debt by USD1.9billion.  Although Claire's Stores said its shops will remain open as it presses ahead with a financial restructure it remains in danger of closing.

Claire’s is the “go to store” for anything to do with, well, accessories – their products suit all age groups, their price point low, they have diversified their product range to include games, phone covers, ear piercings, make up – the product margin is low, the store footage small, store staffing minimal and yet it finds itself is financial trouble.

Claire’s is not an unknown small brand, they have been trading for many years (Claire’s was founded in 1961) and trades worldwide, so what is happening?  What is effectively taking down huge dinosaur brands resulting in emptying high streets and large losses of jobs? And what can every Company learn from these failings?

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The BC employee trap

Anyone who has had responsibility for a team will probably have had to deal with a BC player at some time.  A BC player is someone that is performing in their role at the right level, potentially performing over and above your expectations, however, they are a square peg in a round hole.  They just don’t fit for whatever reason and because of this they are rubbing you and the rest of the team up the wrong way. 

 BC players are difficult characters to manage but manage them you must, or you will fall into the trap of showing that results are more important than the culture of your Company.

 Here are 3 traps that show how it’s easier to retain than deal with a BC player:

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Why we need to have an exit strategy

At some point I am sure you, like me, see a lovely healthy and financially comfortable retirement in your future.  Mine sees me living close to a beach with no concerns at all apart from a daily quick look outside the door to make sure the sun is shining and today is indeed a beach day (I don’t trust weather apps!).

My parent’s generation and the generations before were very confident that they had this future planned out financially.  They tended to stay with the same Company from leaving school till retirement, diligently saved into their Company pension scheme and retired somewhere between the ages of 55 and 65 with a good income to see them living comfortably. 

Statistically this was all possible.  In the 1950’s it was reported that for every person over the age of 65, there were 7.2 people between the ages of 20 and 64 that helped pay for older generations retirement plans with their own pension contributions.  

However, it is predicted in 2050 that this number will have decreased to 1.8, the combination of increased life expectancy, a fixed retirement age and a decrease in fertility rates are having a detrimental impact to our Company pensions schemes.

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How to get your CV to POP!

There are currently a huge number of people looking for a new job.  This may be down to their being made redundant or needing a new challenge, but suffice it to say, Companies are being inundated with CVs. 

So just how do you get your CV to POP to the top of their short list?

This blog is written in conjunction with Deborah Appleford, the amazing CV and LinkedIn Guru and Managing Consultant at Vignette Consultancy.  As an ex Recruitment Consultant, Deborah is well versed in sniffing out a good CV and as an ex HR Director, I can assure you that I did not get beyond what I could see on my laptop screen, if you hadn’t given me what I was looking for on approximately 1 third on your front page, then I moved onto the next CV.  I also have to say, I complete agree with Deborah’s comments on photos on a CV!

If you need help updating your CV, here are Deborah’s ideas and suggestions:

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