As the nation's employers consider how to reopen their offices following stay-at-home shutdowns triggered by the Coronavirus pandemic, many are facing challenges regarding how to modify or extend current work from home (WFH) policies, including hiring private eyes to monitor employees, accommodating flexibility due to child care, and dealing with the mental health of isolated workers. Going forward, employers must protect their workers while also... more
Challenger, Gray & Christmas Blog
Retailer Pier 1 Imports announced it would close all remaining 540 stores and try to find a buyer for its online business. It follows bankruptcy announcements from JC Penney, J. Crew, and Neiman Marcus.
"Retail has been undergoing technological updates, shifting consumer behavior and low foot traffic over the last three years that has led to... more
ESPN’s new ten-part documentary series on the Michael Jordan-era Chicago Bulls, The Last Dance, includes plenty of 90s nostalgia, good music, and incredible basketball, but also important lessons for employers nationwide on leadership, culture, and talent management, according to one workplace authority.
“Any organization strives to foster a collaborative culture and encourage growth and... more
Chief Executive Officer turnover plunged to 48 exits in April, the lowest monthly total since 46 departures were recorded in November 2004, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
April’s total is 51% lower than the 97 CEO exits that were... more
Over 30 million Americans have lost their jobs over the last two months due to the outbreak of COVID19, as the pandemic forced the abrupt shutdown of tens of thousands of non-essential businesses across the nation and severely impacted thousands more. The experts at global outplacement and executive coaching firm Challenger, Gray & Christmas Inc. have... more
Quarantine due to the COVID-19 pandemic thrust millions of people into an unwelcome, frightening employment situation. Those who found themselves instantly unemployed never could have guessed that this is what they would face in spring 2020. Still others were anticipating a promotion that has now been put on hold indefinitely.
Candidates for some top positions have found... more
Job cuts announced by U.S.-based employers spiked to 671,129, the highest single-month total on record. Challenger began tracking job cut announcements in January 1993. Last month’s total was primarily due to the COVID-19 pandemic, which was cited as the reason for 633,082 job cuts, according to a monthly report released Thursday from global outplacement and business... more
As companies create and enact plans to reopen worksites safely and consider the serious public health implications this will have on their workers, vendors, and customers, many Human Resources professionals are also pondering what the new normal will look like in the coming months and years. Likely, the precautions put in place now and during the gradual return to work will... more
As the Trump Administration releases guidelines for reopening the economy, Human Resources executives nationwide are contemplating when and how they will reopen work sites. The majority will keep their COVID plans, which include working from home and closing non-essential businesses, in place until experts agree it is safe, while 24% plan for the crisis to... more
Chief Executive Officer turnover fell for the second month in a row to 94, down 27% from the 128 who left their posts in February. It is the lowest monthly total in 20 months, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.