"With the world’s largest economy 'not that far off from full employment,' labor-market dynamics are changing, said John Challenger, chief executive officer of Chicago-based Challenger, Gray & Christmas Inc., a human-resources consulting company. Central-bank policy makers project the longer-run jobless rate is 5.2 percent to 5.5 percent, according to their central-tendency... more
Challenger, Gray & Christmas News
"'Real work experience is being displaced by summer and travel programs,' said John Challenger, executive officer of the outplacement company Challenger, Gray & Christmas. But he says he doesn’t think that is necessarily a good thing.
'A lot of kids are missing out by not learning what working is,' he said. They’re also missing the process of job hunting. Part of the experience... more
"John Challenger, CEO of outplacement firm Challenger, Gray & Christmas, thinks that declining participation might also reflect an increasingly fluid job market.
'It used to be, a generation ago, that more people went to work, worked full-time permanently, worked much longer tenures. Fewer people put together different kinds of assignments, cobbling... more
"'Today people can make that work up,' one local chief executive told me Tuesday, suggesting we not take these dire productivity impact forecasts too seriously when I pulled him away from his own work for a few minutes on the phone. 'Does it really have a huge impact on productivity? Probably in the long run, it doesn't. Certainly, it's a blip, like a big storm... more
Our Q&A with Challenger, Gray & Christmas CEO John Challenger
The outplacement expert speaks on the job market for new college grads.
BY ANN MEYER
Employment in general is rebounding. But if I’m the parent of a child finishing up college, what can I expect of the market for new grads in particular?
The unemployment rate for... more
Original Article: http://bigstory.ap.org/article/changing-role-top
"In fact, in the first four months of the year, 11 CEOS were forced out or fired, says a survey of private and public U.S. companies by Challenger, Gray and Christmas. That's up from 9 CEO terminations in the same period last year. And that doesn't count those who said they resigned, retired or stepped down, but who were actually pushed out.
Moreover, the average tenure for a CEO last year was 7.9 years down from 9.4 years in 2007, the start of the... more
"According to the Chicago-based consulting firm Challenger, Gray & Christmas, six out of 10 hiring executives say they now check a job applicant's social activity, either all the time or some of the time.
In a survey of 100 hiring executives conducted last month, CEO John Challenger says of those who investigate social media activity, six percent admit it has a... more
"'Today more and more teens are encouraged to get other kinds of alternative experiences," said John Challenger, CEO of the outplacement firm Challenger, Gray & Christmas. "Going to work in the local retail store, like we used to, is not as valuable."
Challenger cites all kinds of activities that are growing priorities for teens, including volunteer work,... more
"Some 64 percent of hiring professionals surveyed by the Chicago-based consulting company Challenger, Gray & Christmas last month said that their companies plan to recruit from the pool of 1.8 million college graduates who will enter the job market this spring. Employers in February had about 4.2 million unfilled jobs, according to the U.S. Bureau of Labor Statistics... more
"Since 2009, the pharmaceutical industry has announced more than 156,000 job cuts in the U.S. alone, according to Challenger Gray & Christmas, a company that big firms hire when they're laying off employees, to help them find new jobs."
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