Job prospects for new college graduates are the best they’ve been in years, global outplacement consultancy Challenger, Gray & Christmas Inc. says in a report released today.
Competition for entry-level positions will be tough, but companies are hiring again.
“Entry-level hiring has not returned to pre-recession levels, but this year’s graduates should find markedly improved job-search conditions. Colleges and universities around the country are reporting increased on-campus recruiting and surveys of employers indicate more graduate hiring, as companies rebuild their bench-strength after massive layoffs during the downturn,” Challenger, Gray CEO John A. Challenger said in a news release.
The number of companies planning to give employees bonuses in 2010 is virtually unchanged from last year, according to a new survey.
Sixty-three percent of the HR professionals surveyed by the global outplacement consultancy Challenger, Gray & Christmas, Inc. said their companies planned to give year-end bonuses. Down slightly from 64 percent a year ago.
Of the companies planning to hand out bonuses, 30 percent said the dollar amount will be about the same as last year, while 16 percent said the checks will be smaller than in 2009.
For those of you keeping track, the CEO turnover rate is declining — a sure sign the nation’s top execs expect good things in 2011.
In November, 79 chief executives across the country resigned, retired or stepped aside for other reasons, the second straight month CEO departures declined and 16 percent fewer announced departures than November last year, according to a report by global outplacement firm Challenger, Gray & Christmas.
The declining CEO departure rate is an interesting statistic that could mean any number of things, but to me it says the economic recovery is gaining momentum.
Manufacturing growth is up and consumer confidence is rising, but the surest sign that the economy is improving is the growing number of company-sponsored holiday parties.
That’s right, Scrooge is losing his stranglehold on corporate America. This is truly good news, but don’t start making holiday toasts just yet. Most companies won’t be busting the bank with their party budgets.