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...
combined cuts effort entity fallout jobs maintain measured mergers positions profit workers
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.
companies create people smart work
Smart companies will create more telecommuters so people can work from home,
attempt attract employers labor market point pressure quickly retain workers
The labor market is quickly getting to the point where we will see upward pressure on wages, as employers attempt to attract more workers and retain the ones they have.
brains changed companies competition era forces pay skills work worth
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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They are often geared at workers whose skills are obsolescent, out-of-date or minimal, especially if their skills seem to be in a condition that they may have a hard time finding a job.
across cuts demand expect far fewer job last month pressure skilled virtually wage workers
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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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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The big question is how many workers will accept the terms. Too few and the company will be forced to fire workers; too many and the company could be forced to refuse some people's wishes to leave.
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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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Poverty and hunger are rapidly becoming a workplace issue... if for no other reason than the fact than an employee who is worried about where his or her next meal will come from is not going to be very productive.
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People who have been out for a while say, 'I've got to get back to work,' so they take downgraded jobs, ... Maybe they can't get a job as the plant manager, so they try to get a job as a manager on the factory line and work their way back up.
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I don't know what company would announce cuts and then not take them all, ... Not only would Wall Street be breathing down their neck, but it would leave workers under a cloud that more cuts must be coming. I don't think they go into these announcements very lightly.
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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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Even when the economy is fully recovered and companies are back in expansion mode, we may not see a revival in hiring of the rank-and-file worker. Cost containment oriented companies, in an effort to become more agile in this increasingly competitive global marketplace, will rely more an more on a just-in-time workforce of contract and contingent workers.