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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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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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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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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In these types of transactions, ... payroll is usually targeted first for cost cuts, yielding the best and quickest results.
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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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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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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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The biggest factor pushing tech job cuts to a five-quarter high was a surge in corporate combinations in the telecom sector, which resulted in over 3,000 job cuts in February.
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The best way to get a summer job is to start now, if you haven't started already.
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The best security people can't just deal with threats; they have to anticipate them, too.
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The average search time for executives earning over $100,000 is about a month longer than other wage earners in the same community.
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The field is continually changing, and some companies feel like they're constantly under siege. It takes a special kind of individual just to walk into that, much less take control of it.
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The fallout from these mergers is often measured in jobs as the combined entity cuts overlapping positions and sheds workers in an effort to maintain profit margins.