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...
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Smaller to medium sized companies will be looking to beef up and build tech infrastructure just as big companies did in the last boom.
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Smart companies will create more telecommuters so people can work from home,
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Every town with a closing plant will see its local economy take a hit,
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The labor market is starting to look more and more like the one we experienced in the late 1990s. Companies are undoubtedly reluctant to increase their costs, but it has become necessary to boost salaries and special benefits in order to attract and retain the top talent.
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The labor market is quickly getting to the point where we will see upward pressure on wages, as employers attempt to attract more workers and retain the ones they have.
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There's also more room when an individual poses some kind of litigation threat to the company over any of the protected kinds of situations like discrimination against age, gender or race, ... That kind of potential exposure to litigation can sometimes be extra leverage for a person to bump up their package.
brains changed companies competition era forces pay skills work worth
The world is not the same as it used to be. Companies pay for skills in an era where brains are more important than brawn, and the forces of automation, globalization, deregulation and competition have changed what this kind of work is worth in the world.
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They are often geared at workers whose skills are obsolescent, out-of-date or minimal, especially if their skills seem to be in a condition that they may have a hard time finding a job.
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The competition will be fierce for first-time job seekers this year. Not only are there fewer jobs, but the pool of candidates is bigger, ... In addition to their classmates, college graduates will be competing with jobless people formerly in the workforce for one to three years...
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The July numbers are still double what we saw in the period of economic expansion, ... They're the lowest in some time, but they're not good by any means.
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The union has done a good job in negotiating a buyout package that at least seems to me to be unparalleled. At the same time, it's bittersweet. What they are negotiating is an end game.
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The honeymoon is over. Now (Internet companies) are moving into the next phase of the relationship, with the investment community on one side and the employees on the other.
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The heavy year-end downsizing does not necessarily indicate a sudden weakening of the economy, ... The fact is, job cutting has become a permanent part of the corporate cost-management mix, as demonstrated by the fact that a strong financial sector still found nearly 100,000 jobs to eliminate.
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The heavy job cutting we have seen over the past three years appears to be trending down, ... However, the job market seems to be in a state of limbo, where companies are eager to hold on to people they have, but many are reluctant to create any new jobs.