Press Releases

Posted 5 years 9 months

While hiring remains subdued throughout most of the country, the latest government data show that the number of American voluntarily leaving their employers is on the rise, which, according to one employment authority, suggests that the job market is indeed improving along with job seeker confidence.

“Quit levels offer important clues about the strength of the job market. While the government survey does not break out the reasons for these voluntary departures, the rising number of individuals willing to walk away from a job suggests that more are being lured away by other...

Posted 5 years 10 months

Turnover among the nation’s chief executive officers declined slightly in September as 107 planned CEO departures were reported, down 5.6 percent from the 113 in August, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The September total was up 12.6 percent from the same month a year ago when 95 were recorded. This marks the third consecutive month in which CEO changes outpaced the same month last year.

Overall, third-quarter CEO departures totaling 348 are up 23 percent from the 282 announced during the...

Posted 5 years 10 months

Planned job cuts fell to their lowest level in three months, as U.S.-based employers announced plans to reduce payrolls by 40,289 in September. That was down 20 percent from August, when job cuts reached a six-month high of 50,462, according to the latest report on monthly job cuts released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The September total was 19 percent higher than the 33,816 planned job cuts announced the same month last year. This marks the fourth consecutive month that saw heavier job cutting than a year ago.

As a...

Posted 5 years 10 months

While retail holiday hiring hit a 12-year high in 2012, shaky consumer confidence and increased efficiencies among retailers may prevent seasonal employment gains from reaching such lofty heights this year, according to an outlook released Monday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

In its annual holiday hiring forecast, Challenger estimated that seasonal job gains will not see a significant decline from last year’s robust numbers, but they are likely to at best match the level of hiring that occurred in October, November, and December 2012....

Posted 5 years 11 months

Turnover among the nation’s chief executive officers remained elevated in August as 113 planned CEO departures were reported, including notable retirement announcements from Steve Ballmer at Microsoft and John Surma at U.S. Steel Corp.

While the 113 departures recorded in August is above the year-to-date average (105), the monthly total was 11.7 percent lower than July, when CEO changes reached a three-year high of 128, according to the latest report on CEO turnover released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The August total...

Posted 5 years 11 months

Monthly job cuts surged to the highest level since February, as U.S.-based employers announced plans in August to slash payrolls by 50,462, a 33.8 percent increase from the 37,701 planned job cuts announced in July, according to a report Wednesday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

Job cuts last month were 57 percent higher than a year ago, when employers announced plans to reduce payrolls by 32,239. This marks the third consecutive month in which job cuts outpaced the comparable period from 2012. August ranks as the second largest job-cut...

Posted 5 years 11 months

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 5 years 11 months

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 5 years 12 months

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 6 years 2 days

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,...

Pages