Challenger, Gray & Christmas Blog
Last week, Mexican billionaire Carlos Slim used his speech at a conference in Paraguay to advocate for the three-day work week. While workers would clock 11-hour days to keep productivity at acceptable levels, Mr. Slim envisions a workforce that will be able to work longer into their lives while enjoying more work-life balance. He also sees peripheral economic benefits in the creation of new leisure and entertainment activities.
It is unlikely that a three-day... more
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