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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What's emerging in this era where men and women are working together as colleagues and peers . . . are relationships that form between men and women that are really strong.
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A growing number of unemployed Americans waste time browsing the estimated 4,000 to 5,000 online job sites, blanketing them with resumes, and then waiting for callbacks. It is a formula for long-drawn-out joblessness.
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What's new is that these relationships between men and women are less fraught with risk.
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The only clear picture we have from the job cut numbers this year is that employers appear to be confused about the direction this economy is taking, ... Companies are experiencing increased business, but they are also seeing their costs soar due to higher fuel prices, inflation in supplier prices and a weaker dollar, which makes it more expensive to buy foreign parts.
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We are at a peak period of employment. Companies can't afford to lose people.
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We're seeing the dismantling of the retirement age of 65.
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There is no question about it. More people today are striking out on their own, either involuntarily or voluntarily.
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There are thousands of co-heads, chiefs and directors now. You don't know if they are top people or are buried in middle management somewhere.
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There is a lot of extra fiscal stimulus moving into the economy from the storm relief.
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Overall, job cuts are down from last year and significantly lower than the record numbers we saw in 2002 and 2001, but there are still some worrisome trends,
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Retailers, restaurants, real estate, home improvement stores... will all see business decline.
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Retailers are being forced to turn into discounters at all levels, and that early transformation to a discounting posture is putting great pressure on profits. Retailers make a good percentage of their profitability in the last two months of the year. This year those earnings are going to be under real pressure. They'll be fighting to keep costs down.
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Relying on outsourcing gives companies more flexibility in regard to budgeting and allows them to respond more quickly to fluctuations in the economy,
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It does seem like retailers are really stepping up and taking care of their employees, trying to provide services in the area and rallying behind the crisis,