John Challenger
John Challenger
Challenger, Gray & Christmas, with headquarters located in Chicago, Illinois, is the oldest executive outplacement firm in the US. It has offices throughout North America...
asking companies employees
Companies are essentially asking employees to do two jobs. Employees can feel like you're piling it on.
seen
As a result, we have seen a surge in job-cut announcements,
accept company few fire forced question refuse wishes workers
The big question is how many workers will accept the terms. Too few and the company will be forced to fire workers; too many and the company could be forced to refuse some people's wishes to leave.
building employees manage microsoft move people room structure
As people move around in their careers, they look for new opportunities where they can manage people. Sometimes building more structure into a company, like Microsoft has, can give employees more room to grow.
continue cutting engine gets inflation people pressure steam wage
Companies, through their downsizing, continue to take the steam out of the wage inflation engine by cutting people when the pressure gets too high,
business companies customer customers decline level service simply taking workers
Companies that simply let these workers go will probably find a significant decline in the level of customer service and may even find some customers taking their business elsewhere.
companies found light seeing suddenly themselves thrust tunnel
Companies that had told us they were seeing a glimmer of light at the end of the tunnel suddenly found themselves thrust back into darkness.
earnings job quick slash wholesale
As earnings fall, corporations are quick to slash compensation costs, and that is brining about wholesale job cuts.
areas companies cut expand
as companies expand in one area, they often cut in the areas that do not show as much promise.
buried chiefs directors management middle people thousands top
There are thousands of co-heads, chiefs and directors now. You don't know if they are top people or are buried in middle management somewhere.
economy extra fiscal moving stimulus storm
There is a lot of extra fiscal stimulus moving into the economy from the storm relief.
areas businesses concern drop economy employees hire longer raises recovery specter workers
Those are two areas of the economy that should be perking up right now if we were in a recovery mode, ... Normally, businesses hire temp workers and work their employees longer -- this drop is of real concern and raises the specter of a double-dip recession.
growth paltry pay raises since wage
Pay raises have been paltry since 2001. Since 2001, wage growth has been muted because productivity has been so strong.
both business companies consider cutting economy entirely eventually expecting forced hybrids internet online share shift short strategies term
We now see more and more of these Old Economy-New Economy hybrids cutting their online staffs, ... Companies that were hoping, if not expecting to eventually shift the lion's share of their business to the Internet may be forced to consider entirely new strategies for both short term and long term.