Press Releases

Posted 1 year 10 months

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 year 10 months

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 year 10 months

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 year 10 months

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 year 10 months

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...

Posted 1 year 11 months

The entertainment industry, which opened the floodgates on sexual misconduct and inequity for women late last year, will celebrate the achievements of various artists this Sunday at the 90th annual Academy Awards ceremony. As the #MeToo and #TimesUp movements continue to facilitate conversations about sexual assault and misconduct, another topic will...

Posted 1 year 11 months

The concept of decentralized cryptocurrency without political borders can be challenging at first. However, cryptocurrencies, such as Bitcoin and Litecoin, force us to adjust the way we think about money and how to transfer value. Could digital currency be the future of how employers pay their workforces?

While cryptocurrency is currently a risky and unregulated investment...

Posted 1 year 11 months

After the most recent flu update from the Centers for Disease Control and Prevention (CDC), during which officials stated the flu season has yet to peak and activity is as high as in 2009, global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. revised its estimate on the cost of lost productivity to employers due to the flu to over $21 billion.

“The flu...

Posted 1 year 11 months

As of today, recreational marijuana is legal in nine states and medicinal marijuana in 29, but despite shifting public perception in favor of marijuana usage, many companies still utilize drug tests that screen out candidates who use marijuana.

“This policy was originally implemented as a way to screen out drug users in an attempt to only hire the most productive workers. However,...

Posted 1 year 11 months

While office romances may seem inevitable – with one in four workers reporting they are currently or have engaged in a workplace relationship, according to the Society for Human Resource Management (SHRM) – they are often ripe for conflict, not only for the parties involved, but also for their employers. When these courtships are unsuccessful, they reportedly end in termination for at least...

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