Press Releases

Posted 7 years 3 weeks

With the opening kick-off of the National Football League exactly one week from today, many of the estimated 25 million Americans participating in fantasy football have already completed their drafts. However, this is little solace for the nation’s employers who can expect the fantasy sports enthusiasts in the office to spend at least an hour of work time managing their teams each week during the 13- to 17-week season.

While virtually impossible to estimate the impact of fantasy football team management on overall productivity, global outplacement firm Challenger, Gray &...

Posted 7 years 1 month

Monday marks the fifth Labor Day since the official end of the Great Recession in June 2009. While the number of Americans employed is still trying to get back to pre-recession levels, the way people work, where they work and how they work or otherwise earn a living has changed significantly over the last five years and will continue to evolve moving forward, according to one employment expert.

In its annual Labor Day outlook, global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc. provided some insight into some of the employment trends that have taken...

Posted 7 years 1 month

The percentage of unemployed managers and executives relocating for new jobs in the first half of 2013 climbed to its highest level since the beginning of the recession, according to new data released Wednesday by global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc. The rising relocation rate is further evidence of an improving housing market and regional employment gains.

On average, 14 percent of managers and executives moved for new jobs through the first two quarters of 2013. That was more than double the 6.7 percent who relocated for employment...

Posted 7 years 1 month

The percentage of job seekers starting their own businesses increased by 33 percent in the first half of 2013, as an improving lending market and employment picture provided both the financial and job safety nets sought by fledgling entrepreneurs. Even with the increase, however, less than five percent of managers and executives opted for self-employment over a more traditional career path, suggesting that starting a business remains far too risky for most people.

The latest data on start-up trends was released Wednesday by global outplacement and coaching consultancy Challenger,...

Posted 7 years 1 month

Turnover among the nation’s chief executive officers surged to the highest level in more than three years last month as 128 announced their departures. The July total was up 36 percent from the 94 CEO exits recorded in June, according to the latest report on CEO turnover released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

July departures increased 54.2 percent from a year ago, when 83 CEO changes were recorded. It was the highest monthly total since February 2010, when 132 CEOs left their posts.

Challenger has now tracked 729 CEO...

Posted 7 years 1 month

After getting off to its strongest start in seven years, the pace of teen hiring in June and July declined from last year’s levels, as a slowdown in economic activity provided little reason to grow payrolls. Overall, teen employment gains during the three-month summer hiring season were down 3.0 percent from 2012, according to an analysis of government employment data by global outplacement consultancy Challenger, Gray & Christmas, Inc.

A Challenger analysis of just-released data from the Bureau of Labor Statistics found that employment among 16- to 19-year-olds grew by 1,355,...

Posted 7 years 1 month

Job cuts declined slightly in July, as employers announced plans to reduce payrolls by 37,701 workers, down 4.2 percent from 39,372 planned layoffs in June, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Last month’s total was 2.3 percent higher than a year ago, when 36,855 planned job cuts were recorded. Employers have now announced 296,633 job cuts since January 1, which is 7.3 percent fewer than the 319,946 job cuts announced in the first seven months of 2012. At the current pace of...

Posted 7 years 1 month

Planned job cuts rose slightly in June, as employers announced workforce reductions totaling 39,372 during the month, up 8.2 percent from 36,398 in May. While job cuts were up last month, the pace of downsizing through the first half of the year is down about nine percent from a year ago, according to the latest report on monthly job cuts released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Led by increased job cuts in the computer and education sectors, June was 4.8 percent higher than the same month a year ago, when employers announced 37,...

Posted 7 years 2 months

The number of chief executive officer departures totaled 94 in June, down 9.6 percent from 104 in May and 5.0 percent lower than the 99 departures recorded in the same month last year, according to the latest report on CEO turnover released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

June marked the end of a slightly less active quarter for CEO turnover. For the three-month period ending June 30, a total of 292 CEO departures were announced, a 10 percent decline from the 309 departures announced in the first quarter. The second quarter total...

Posted 7 years 3 months

Despite the potential for increased costs and more regulatory red tape, 82 percent of companies recently surveyed by global outplacement consultancy Challenger, Gray & Christmas, Inc. plan to continue providing health care coverage to their workers when the employee mandate provision of the Affordable Care Act goes into effect on January 1, 2014.

Surprisingly, none of the 100 human resources executives surveyed by Challenger said that their companies plan to...

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