Tag Archives: John. A. Challenger

Teen summer job market should be better this year

Teenagers should have an easier time finding a job this
summer, according to a recent report by outplacement consultancy Challenger,
Gray & Christmas.

Summer will bring more job opportunities for 16- to
19-year-olds, but there will be competition from recent college grads and older
workers, John A. Challenger, CEO of
Challenger, Gray & Christmas, said in a news release.

“Employment gains for teens in May, June and July should
surpass last year’s levels,” the news release says.

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Whether cash or jelly, holiday bonuses disappearing

Used to be that year-end bonuses were pretty much a lock for most workers. Not any more.
Corporate America has moved away from bonuses in recent years and 2011 will be no different.

In a recent survey by the global outplacement firm Challenger, Gray & Christmas, 43 percent of HR executives said their companies do not hand out bonuses. That’s a big jump from 2007 when only 28 percent of companies did not give holiday bonuses.

Of the companies that do award year-end bonuses, half give non-monetary gifts or a monetary award of less than $100, the survey found.

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Firm offers free job-search advice on Dec. 27-28

Job creation is showing some improvement, but millions of Americans are still out of work. To help job seekers find work, the global outplacement firm Challenger, Gray & Christmas Inc. will again offer free job-search advice to unemployed workers.

The firm’s 26th annual national job-search call-in will be held Dec. 27 and 28 from 9 a.m. to 5 p.m. on both days.

The phone number is 312-422-5010.

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Job market improving for college grads

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.

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Unemployment rises — that’s a good thing

The U.S. unemployment rate rose to 9.9 percent in April and that’s not bad. Sounds wrong, but in this case it’s an indication that businesses have started hiring, which has more people are out there looking for work.

“While some might view the uptick in unemployment as a negative, it is actually a sign that the job market is improving. The April increase to 9.9 percent was due largely to people jumping back into the labor pool after sitting on the sidelines from frustration,” John A. Challenger, CEO of the global consultancy Challenger, Gray & Christmas Inc. said in a news release.

“Of the 255,000 people who joined the ranks of the unemployed in April, 135,000 or more than half were reentrants. …

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