Challenger, Gray & Christmas Blog
It's not cause for panic. The increase in job cut numbers is primarily due to a large announcement by one tech company.
Several studies have shown that leadership, more than money, is a top motivator for workers and fosters employee engagement and morale. On the heels of Donald Sterling’s infamous racist rant, which subsequently cost him his NBA team and caused teammates to protest, as well as Challenger’s most recent CEO turnover report which identified 6 leaders who could be put in the category of bad bosses, companies have turned their attention to bad leadership and how to combat it. “Bullies are more than those that spout hate or bias,” said Judith Devries, Challenger’s Director of Learning, “They can... more
Retail Jobs Disappearing as E-tail Becomes the Norm
With the rise of Amazon’s business model, more and more brick-and-mortar retailers are peddling their wares online, creating ease for the consumer but squeezing out the retail worker. An analysis from The Atlantic with data from the EMSI found that the retail industry gained just 49,000 jobs between 2003 and 2013, or grew by .32%, and consumers are spending more money per employee than they were a decade ago,... more
Recent movements by college athletes, such as at Northwestern, to unionize may have an unforeseen impact, according to one workplace authority. While athletes may benefit financially for their work on the field during college, employers may take pause when considering them for future positions. “It’s not that I would view his or her involvement in a union positively or negatively,” said one top HR executive interviewed by Challenger. “But it’s something I would have to... more
As of March, there were still more than 3.7 million Americans who have been unemployed for six months or longer. While the number of long-term unemployed as fallen dramatically from a peak of more than 7.0 million, it remains well above pre-recession levels when an average about 1.2 million Americans were unemployed for 27 weeks or longer. Some have argued that extended emergency unemployment benefits, which maxed out at 99 weeks, have contributed to long-term unemployment by acting as a disincentive to find a job. However, new data suggests that there is little relation between... more
The gap between voluntary and involuntary separations continues to grow, suggesting that the millions of Americans who have felt stuck in less-than-satisfactory jobs are increasingly confident about their ability to find greener pastures. The latest report on job openings and labor turnover from the Bureau of Labor Statistics shows that the number of people who quit their jobs in February is near a post-recession high of nearly 2.4 million. While that remains about 500,... more