The latest reading on consumer confidence, released this morning by the Conference Board, showed a larger-than-expected decline in July. The drop in confidence comes just one month after reaching a five-year high. Meanwhile, a separate survey conducted by the University of Michigan found that consumer sentiment in July improved to its highest level in six years. So, what is with the mixed signals? “Americans have access to so much more information today that it becomes overwhelming and it creates a lot more uncertainty. They are bombarded on a daily basis with news reports; some of... more
Challenger, Gray & Christmas Blog
More Hiring on the Horizon?
As President Obama prepares to address the state of jobs today in a speech from one of Amazon.com’s massive fulfillment warehouses, there are new signs that the nation’s job engine is steadily improving. The speech comes just one day after his host, the giant online retailer, announced that it will be adding at least 5,000 new workers to its warehouses to meet rising consumer demand. Meanwhile, a report in today’s Wall Street Journal points to increased hiring of teachers, firefighters, police officers and other civic workers in cities and... more
This week, Kate Middleton and Prince William's much anticipated and oft discussed pregnancy ended with a baby boy. Prince William will take a 2 weeks paid paternity leave from the Royal Air Force, sparking debates worldwide about paternity policies. For companies, determining whether you must offer paternity, possibly due to federal or state regulations, or want to offer it as a benefit for retention and recruitment purposes is important.
Does your company have a paternity policy? Is it similar to maternity leave? Is it offered consistently across all levels of the company?
June Job Cut Report Due Wednesday, July 3
Monthly job cuts declined for the third consecutive month in May, as U.S.-based employers announced plans to trim payrolls by 36,398 during the month, 4.5 percent fewer than 38,121 cuts in April. The May total was 41 percent lower than the same month a year ago, when employers slashed payrolls by 61,887. Global outplacement consultancy Challenger, Gray & Christmas, Inc. will release its report on June job cuts on Wednesday, July 3, at 7:30 a.m. ET.
June CEO Report
Turnover among the nation’s chief executive officers... more
Challenger focused on telecommuting trends, specifically the announcements by Yahoo and Best Buy to suspend that option, bad leadership, and companies' response to the Affordable Care Act at this year's SHRM conference held in Chicago.