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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It is no wonder that workplace dating is taking off, with more than 28 million young people, some of whom spend more time together in the office than they do outside of work. Employers almost have no choice but to permit interoffice dating,
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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.
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The pattern of job cutting that we saw in the third quarter mirrors what we have been seeing almost daily in the various economic and corporate earnings reports, which is to say one report suggests the economy is headed toward recovery while the next seems to hint that we are stuck in recession,
break early
It is probably too early to break out the champagne,
based beginning companies heavy previous unusual
It is not unusual to see heavy job-cutting in the beginning of the year. Companies are still making adjustments based on the previous year's performance.
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large number of lower-middle class and middle-class Americans struggling to make it paycheck-to-paycheck will be short of discretionary income during the holiday shopping season.
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I think companies will spend billions of dollars over the next several years building their e-commerce structures, and these dot.com employees will be leaders in helping them do that,
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People are moving to where the jobs and the growth are occurring. That means a lot more turbulence in people's lives.
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While companies seemed to be hoarding workers post-merger or acquisition through February, it appears that this is not the case anymore. While we do not have our own merger job-cut data for March tabulated yet, we know a large number of merger-related cuts were announced.
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We've lost 2.5 million manufacturing jobs since the recession hit,
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Overall, job cuts are down from last year and significantly lower than the record numbers we saw in 2002 and 2001, but there are still some worrisome trends,
business home improvement
Retailers, restaurants, real estate, home improvement stores... will all see business decline.
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Retailers are being forced to turn into discounters at all levels, and that early transformation to a discounting posture is putting great pressure on profits. Retailers make a good percentage of their profitability in the last two months of the year. This year those earnings are going to be under real pressure. They'll be fighting to keep costs down.
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Relying on outsourcing gives companies more flexibility in regard to budgeting and allows them to respond more quickly to fluctuations in the economy,