Press Releases

Posted 9 months 1 day

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 9 months 6 days

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 9 months 1 week

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 9 months 2 weeks

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 9 months 3 weeks

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 9 months 4 weeks

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 10 months 13 hours

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 10 months 5 days

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...

Posted 10 months 6 days

The number of Chief Executive Officers leaving their posts at U.S.-based companies last month reached 132, the highest monthly total since the same number exited the CEO role in February 2010, according to a report released Wednesday by global outplacement consultancy and executive coaching firm Challenger, Gray & Christmas, Inc.

January’s total was a 39 percent...

Posted 10 months 1 week

The aggressive strain of flu currently making its way across the country is producing similar activity as when nearly 40 million people were sickened in the 2014-2015 season, according to the CDC. Considering this new information, this flu season could cost at least $15.4 billion in lost productivity, according to an updated estimate from global outplacement and executive coaching firm...

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