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...
added hard hour packages pensions replace
It's going to be hard to replace packages that were about $67 an hour when you added in pensions and health-care benefits.
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Companies, through their downsizing, continue to take the steam out of the wage inflation engine by cutting people when the pressure gets too high,
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One cannot dismiss the emotional response to September 11, which has led to a renewed 'life is too short' mentality,' ... Before September 11, many younger would-be entrepreneurs might have postponed their dreams until they were older, had more experience, etc. Now, we are seeing this younger generation proceed with their dreams, throwing caution to the wind.
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Even in this runaway economy that has some factories running 24 hours, ... employers are still able to find areas that can be trimmed or eliminated altogether.
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Even when the economy is fully recovered and companies are back in expansion mode, we may not see a revival in hiring of the rank-and-file worker. Cost containment oriented companies, in an effort to become more agile in this increasingly competitive global marketplace, will rely more an more on a just-in-time workforce of contract and contingent workers.
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Companies are starving for people with technology skills. I think people are kind of shocked. It's certainly almost taboo in society. Parents tell their kids the last thing they should do is skip college for the big money.
control employees employment future
Employees may have more control over their employment future than they think,
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None of this bodes well for retailers depending on strong holiday sales, nor for the entire economy, which has mostly relied on consumer spending to keep it afloat,
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American companies, with very few exceptions, have to now compete internationally. They need to tap into the global market. And if you want to sell to India, there's no better way than having a well-stocked office there.
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Even though February job cuts showed a significant decline, there is no reason to think the job market is rebounding, ... The fact that cuts remained above 100,000 is a strong indicator that employers are still focused on contraction.
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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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Even as demand and salaries rise, college students should not be lulled into thinking that the job search will be easy or that jobs will be handed to anyone with a degree.
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The economy is always an important issue in voters' minds, especially as it relates to the job market, ... Most Americans do not pay much attention to gross domestic product growth, the strength of the dollar, inflation or other economic indicators.
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Take a course in anything, it really doesn't matter what it is.