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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There's no difference sending work from San Francisco to San Jose over the Internet than sending it from Bangalore to San Jose over the Internet, ... So there is going to be declining pay for technology workers in a global marketplace.
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It is far smarter to maximize productivity by paying overtime wages rather than hiring new workers, who will be slow until they become familiar with the new job.
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Many of the weakest firms no longer exist, and those once considered the titans of the Internet are trimming payroll and other costs to the bare minimum.
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The places where it's really going to hit is government and teachers. Governments are going to be unable to pay for the promises they've made. Pensions for teachers and government workers just dwarf what we see in the private sector.
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The world is not the same as it used to be. Companies pay for skills in an era where brains are more important than brawn, and the forces of automation, globalization, deregulation and competition have changed what this kind of work is worth in the world.
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Pay raises have been paltry since 2001. Since 2001, wage growth has been muted because productivity has been so strong.
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In these types of transactions, ... payroll is usually targeted first for cost cuts, yielding the best and quickest results.
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The economy is always an important issue in voters' minds, especially as it relates to the job market, ... Most Americans do not pay much attention to gross domestic product growth, the strength of the dollar, inflation or other economic indicators.
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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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With job-cut figures surging, you would expect to see long lines at the unemployment offices and at every location looking to hire,
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With fewer job cuts last month and virtually no let-up of demand for skilled workers across all industries, one would expect far more wage pressure than has been seen,
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With factors like technology, outsourcing and consolidation working against job creation, any job market rebound we see in the near future will be relatively small,
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It would appear, ... that many of the smaller, more independent dot.com firms have been swallowed up by their larger competitors or have fallen into bankruptcy and eventual closure.
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These sectors may continue to see high chief executive turnover in light of what will most likely be categorized as a lackluster holiday shopping season.