Challenger, Gray & Christmas News
“I do think companies are aware that the best workers are more in the driver’s seat,” said John Challenger, chief executive of Challenger, Gray & Christmas, an executive outplacement firm. “Companies know that if they lose someone they value, it’s harder to go out and replace skilled workers in a low-unemployment environment.”
"March Madness is exciting, but it is a productivity bust. Andy Challenger at outplacement firm Challenger, Gray & Christmas said 81 million workers are researching their brackets, watching games in the break room or streaming them on office PCs:
'Ends up costing employers about $2.1 billion paid to employees who are otherwise distracted and not doing their work,' Challenger said. But Challenger warns that employers should do nothing; banning office... more
"Workers have good reason for concern. Few firms train workers to stay ahead of technological change. A report featured on Careerbuilder.com claims companies spend more on coffee than worker training! Though 553,000 U.S. technology job postings remain 'open' in the fall of 2016, American corporations cut '66,821 'computer' jobs in 2016, according to a Challenger, Gray & Christmas jobs report. In the 'short term,' a report from Manpower Group predicts 12% of employers will... more
"I think it's generally a positive year," says John Challenger, CEO of Challenger, Gray & Christmas, an outplacement firm. "The economy is strong, unemployment is continuing to drop ... unless we tip into a recession."
Here's U.S. News' top 10 jobs of 2017:
2. Nurse Practitioner
3. Physician Assistant
6. Nurse Anesthetist
“Getting on top of the boss’s desk and dancing — not a good idea,” John A. Challenger, chief executive of the outplacement consulting firm Challenger, Gray & Christmas, said in an interview. “Making a pass at the C.E.O.’s spouse — not a good idea. These sorts of things have happened and given the H.R. teams great headaches.”
"Oftentimes, a second chief executive is brought on during a complicated situation, according to John Challenger, CEO of Challenger Gray & Christmas Inc., a firm specializing in employment and outplacement services. Other times, he said, someone is brought into the position as a recognition of the value they potentially bring to a complicated job. With two CEOs, responsibility is shared.
"'I think most companies go into it... more
"President-elect Donald Trump has struck an agreement to save more than 1,000 factory jobs at a Carrier plant in Indianapolis that were destined for Mexico.
But fighting the trend of U.S. companies moving to Mexico won't be easy.
More than 250,000 jobs will be lost due to plant closing announcements this year, according to Challenger, Gray and Christmas.
"Banks will still make smaller cuts in underperforming units or in areas where technology reduces the need for humans, Challenger said.
And a hiring boom may be about to end in one corner of the industry -- compliance departments. Days after last week’s vote, Trump’s transition team signaled that his administration will seek to roll back key pieces of the Dodd-... more
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