Challenger, Gray & Christmas News
Holiday office parties adjust to wave of sexual misconduct scandals
Amid the recent wave of sexual misconduct scandals, a lot of companies are taking a closer look at an annual holiday tradition – the office party. NBC’s Blake McCoy reports for TODAY.
Read our survey results here.
Companies announced plans to cut 29,831 jobs in October, a decline of 3 percent from last year, a private survey reported Thursday.
From January to October, employers announced just over 351,000 layoffs, the lowest total for that period since 1997, outplacement firm Challenger, Gray and Christmas said. October's total represents a 7.8 percent decline in layoff announcements from September.
"Older workers could be part of the solution for employers facing a 'skills gap' in a period of low unemployment, said John Challenger, chief executive officer of Challenger, Gray & Christmas, an outplacement firm in Chicago.
'Smart employers do go to untapped areas,' which could help older workers with the... more
“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.”
In the News...
- C-suite turnover trends lower nationwide; Austin energy exec departs
- Here's what your bonus might look like this year - The Boston Globe
- 80% of Companies Planning Holiday Parties, Scaling Them Down - Business Today
- Many companies giving bonuses this year, favoring cash over gifts
- 4 Reasons to Kill the Office Holiday Party—and One Reason to Save It
- Companies planning holiday parties — scaled-down versions, that is
- Lehman Brothers dead, but trader keeps fight alive for $83 million bonus
- Boom to bust: Biotech is now cutting jobs
- Amazon Is Hiring a Crazy Number of Seasonal Workers