Challenger, Gray & Christmas Blog

Posted 5 years 10 months ago

In its annual holiday hiring forecast, global outplacement firm Challenger, Gray & Christmas predicted holiday hiring to remain flat or decline slightly from last year’s record levels. However, even with a slight decline in overall hiring, national retail chains are expected to hire tens of thousands of seasonal workers across the country. Indeed, retailers and other seasonal hiring companies such as transportation companies like UPS and FedEx have announced plans to hire 464,000 seasonal workers, according to initial tracking by Challenger. Much of this hiring will occur over the... more

Posted 5 years 10 months ago

The government shutdown that went into effect today, due to the inability of Congress to negotiate an agreement on a new budget, could have dire consequences for the economy at large, according to John A. Challenger, chief executive officer of global outplacement consultancy Challenger, Gray & Christmas, Inc.

“Even if the shutdown lasts just a few days, we are talking about nearly 2.0 million government workers who are bracing themselves for the loss of income resulting from the shutdown. Many may have already started to rein in their spending weeks ago in anticipation of a... more

Posted 5 years 11 months ago

Employers’ need for talent may, in fact, be helping to boost relocation. In a small sampling of approximately 50 human resources executives by Challenger, nearly 40 percent indicated that their company actively recruits potential candidates from outside the local area due to skill shortages region’s talent pool. Meanwhile, 47 percent are always on the lookout for out-of-town talent simply because they always seek the best candidates, regardless of their location.

The vast majority (79 percent) of those surveyed said their company offers some type of relocation package. More than... more

Posted 5 years 11 months ago

The firing this week of Pax Dickinson, the chief technology officer of online news site Business Insider, for comments he made on Twitter, should serve as a powerful reminder that social media should be treated with great care.

“Social media sites like Twitter, LinkedIn, and Facebook are revolutionary tools that can help individuals build their own personal brand. There are many benefits to using these sites as a way to further one’s job search and/or career. However, there is a fine line between establishing an online image that can boost your professional reputation and one... more

Posted 5 years 11 months ago

As Time Warner and IBM join the growing list of companies that plan to stop offering health insurance benefits to retirees, one workplace expert suggests that the moves are simply the first steps in eliminating health insurance from the corporate balance sheet for all employees; former and current.

“The era of employer-paid health coverage may be coming to a close. Employers started offering these benefits following the second world war, when wage controls kept employers from attracting and retaining the best talent with higher salaries, but such benefits no longer make much sense... more

Posted 5 years 11 months ago

While fantasy football could cost employers over $8B in lost productivity (based loosely on government employment data, average hourly pay, and number of fantasy players), fret not. The workplace more than benefits from the boost in morale as co-workers discuss trades, injured players, and heroic plays.

From John Challenger, CEO:
“Companies that not only allow workers to enjoy fantasy football, but actually encourage it by organizing a company leagues are likely to see significant benefits in morale, which, in turn leads to an overall boost in productivity as well as employee... more

Posted 6 years 2 weeks ago

John Challenger talks to Dan Cofall about the economy and the job market.

http://thewallstreetshuffle.com/podcasts/20130805-Seg5.mp3

Posted 6 years 3 weeks ago

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

Posted 6 years 3 weeks ago

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

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