John Challenger
John Challenger
Challenger, Gray & Christmas, with headquarters located in Chicago, Illinois, is the oldest executive outplacement firm in the US. It has offices throughout North America...
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We typically see higher job cuts in January as companies set into motion business plans and employment needs for the new year.
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It is difficult to attract new businesses to a city if there are not enough skilled workers to employ. It is much more difficult to attract new people if there are no jobs immediately available, ... What smaller cities are accomplishing in this economy is truly amazing.
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We now see more and more of these Old Economy-New Economy hybrids cutting their online staffs, ... Companies that were hoping, if not expecting to eventually shift the lion's share of their business to the Internet may be forced to consider entirely new strategies for both short term and long term.
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Those are two areas of the economy that should be perking up right now if we were in a recovery mode, ... Normally, businesses hire temp workers and work their employees longer -- this drop is of real concern and raises the specter of a double-dip recession.
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Frankly, the September decline was somewhat surprising, considering that the last four months of the year historically have been the heaviest, as employers finalize budgets and business plans for the coming year,
businesses higher priority
Businesses give a higher priority to profitability and earnings.
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Businesses are starting to ramp up spending on new equipment and technology and consumer spending looked relatively strong in January, despite predictions that they were tapped out. This may mean fewer job cuts in the months ahead as companies try to meet the steady demand for their products.
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Business owners have been burned by the recession in the past, so they'll take on some temporary staff and then convert them to full time when they know the recovery is for real.
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Many are waiting with bated breath to see if the economy continues to add jobs at the rate it did in March. If it does not, it could be serious blow to consumer and business confidence, thus slowing the momentum of the recovery again.
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Companies need to find out where their business is going to be in the next decade, ... and the way you do that is by listening to your employees, watching the market, and then growing in those areas with your people.
business companies customer customers decline level service simply taking workers
Companies that simply let these workers go will probably find a significant decline in the level of customer service and may even find some customers taking their business elsewhere.
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Retailers, restaurants, real estate, home improvement stores... will all see business decline.
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In the beginning of the downturn, it was primarily the companies which conducted business solely over the Internet that were having the most trouble,
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The Internet still offers viable business opportunities as the number of people with Internet access increases, ... As a result, we will continue to see job growth in this area but it probably will never again match the explosive growth of a couple of years ago.