Challenger, Gray & Christmas News
"'We don't have a lot of hard numbers yet, but the economic indicators are showing that it's likely that bonuses are going to be good this year,' said Andrew Challenger, vice president with outplacement firm Challenger, Gray & Christmas.
He points to unemployment rates at or below 4 percent in many markets.
'When there's a job shortage, employers really need to... more
"Companies are wise to jump on the Cubs excitement, said Andrew Challenger, vice president of Chicago-based outplacement firm Challenger, Gray & Christmas.
'It gets people from different departments who don't normally connect with each other to connect on something besides the daily business item, and that's incredibly valuable,' Challenger said. While the city has rallied around... more
"But those layoffs may not stay that low for long. A separate layoff report published last week by Challenger, Gray & Christmas outplacement and research outfit showed announced discharges climbed 38 percent in September following an uneventful August. Such announcements were still down 25 percent from last September. And to date, 2016 layoff announcements... more
CEO John Challenger appears on PBS's Chicago Tonight to discuss topics to avoid or engage in during this political season.
Original article: http://in.reuters.com/article/us-usa-economy-idINKCN1174T1
"In a third report on Thursday, global outplacement consultancy Challenger, Gray & Christmas said employers in the United States announced plans to shed 32,188 workers from their payrolls in August, down from 45,346 in July.
The computer sector dominated the job cuts last month, with Cisco Systems (CSCO.O) announcing plans to reduce its workforce by 5,500 jobs. There were also layoffs in the energy, industrial goods and... more
Original Article: http://money.cnn.com/2016/08/04/investing/200000-oil-jobs-lost/
"About 95,000 positions were eliminated by energy companies in 2016 alone, according to Challenger. Most of those job cuts occurred earlier this year, as oil prices crashed to a 13-year low of $26 a barrel.
But Challenger noted that there was a "resurgence" of energy-sector job cuts in July, when layoffs spiked by 796% to 17,725."
Original article: http://www.hreonline.com/HRE/view/story.jhtml?id=534360902
"Some new Challenger, Gray & Christmas data suggest that more organizations are indeed warming to the concept of stay interviews.
The Chicago-based outplacement and executive coaching firm recently polled about 100 HR executives and found 27 percent of respondents saying their organizations already conduct stay interviews, with another 24 percent saying their companies plan to start doing so in the near future.
"'The No. 1 reason that CEOs leave is company performance. There's a very clear scorecard,' said John Challenger, CEO of Challenger Gray & Christmas in a phone interview."
Original Article: http://fortune.com/2016/06/08/leadership-unpopular-decisions/
How to keep your team on your side, even in difficult times.
"The art of doing the unpopular lies in striking a balance, and mastering that art may become a necessity for more business leaders this year. Ominously, U.S. companies have cut more jobs so far in 2016 than at the same point in any year since 2009, says outplacement firm Challenger Gray & Christmas, and as markets stagnate, investors are... more
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