Press Releases

Posted 1 day 5 hours

Perhaps seizing on a tax bill favorable to business, as well as a stable economy and tight labor market, job seekers chose to start new businesses in the first quarter of the year at the highest rate since the fourth quarter of 2013, according to a report from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

An average of 7.99 percent of job seekers started a business in the first quarter, the highest...

Posted 1 week 4 days

As companies ramp up recruiting efforts for members of the millennial and Gen Z generations, employers are finding that traditional compensation offerings – salary, health, and retirement benefits – are no longer sufficient to draw top talent. Meanwhile, older workers, an increasing number of whom are remaining in the workforce, prioritize health and retirement benefits...

Posted 2 weeks 10 hours

Although the 96 Chief Executive Officers who left their posts at U.S.-based companies in March was a 15 percent drop from the 113 CEO exits in February, this is the highest quarterly total since the third quarter of 2014, when 348 CEO changes were recorded, according to a report released Wednesday by global outplacement consultancy and executive coaching firm Challenger...

Posted 2 weeks 6 days

Job cuts announced by U.S.-based employers surged in March to 60,357, a 71 percent increase from the 35,369 cuts announced in February. Last month’s total is the highest monthly total since April 2016, when 64,141 job cuts were announced, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc...

Posted 3 weeks 1 day

With a tight labor market and skills shortages impacting a number of industries, the nation’s employers are sure to embrace the nearly 3 million students who will graduate with bachelor’s or associate’s degrees this May. The issue will be whether college grads have the requisite skills for the jobs available, according to the annual College Grad...

Posted 3 weeks 5 days

On the heels of #DeleteFacebook and the Cambridge Analytica scandal, Internet and social media users are demanding companies that collect and store personal information prioritize data privacy. Meanwhile, in the EU, major privacy legislation, called General Data Protection Regulation (GDPR), is set to take effect in May. Smart companies have no choice but to take action to protect user data, especially if...

Posted 1 month 4 days

In light of the revelation that marketing firm Cambridge Analytica, used by President Trump’s campaign, mined and utilized Facebook user data to influence voters in the 2016 Presidential Election, stock of the tech giant fell 7 percent on Monday, and continues to fall. Meanwhile, the hashtag #DeleteFacebook has begun to trend on Twitter, prompting users to completely delete their accounts and the data...

Posted 1 month 1 week

The number of Chief Executive Officers leaving their posts at U.S.-based companies reached 113 in February, 56.9 percent higher than February 2017, when 72 CEO exits were announced, according to a report released Wednesday by global outplacement consultancy and executive coaching firm Challenger, Gray & Christmas, Inc.

February’s total was down 14...

Posted 1 month 2 weeks

March Madness starts next week, which means basketball fans across the country are starting to think about their brackets. If you want morale to soar, you might consider offering workers the same deal Warren Buffett is proposing to Berkshire Hathaway employees. Buffett’s contest prize will award $1 million a year for life to the extremely lucky worker who manages to correctly predict...

Posted 1 month 2 weeks

The nation’s employers announced plans to cut 35,369 jobs in February, down 20 percent from the 44,653 cuts announced in January, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total is 4.3 percent lower than the 36,957 announced job cuts in February 2017. So...

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