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John Challenger  Quotes
When you’re out for three or four years, you’ve got book knowledge and the market doesn’t want that,

—John Challenger

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Knowledge
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It becomes a question of, ‘How do you create a culture with a sense of openness for everybody?’

—John Challenger

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Culture
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It’s a good sign in the face of all these tech cuts, … I’ll bet they can really access great talent right now. To bring that many people into the company when pickings are really...

—John Challenger

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Talent
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The competition will be fierce for first-time job seekers this year. Not only are there fewer jobs, but the pool of candidates is bigger, … In addition to their classmates, college graduates will be competing...

—John Challenger

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Competition
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Businesses are starting to ramp up spending on new equipment and technology and consumer spending looked relatively strong in January, despite predictions that they were tapped out. This may mean fewer job cuts in the...

—John Challenger

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Technology
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Companies are trying to be much more responsive to the individuals they want to hire. If they can meet (a need) for you, they will. It’s very important to be open. That may be the...

—John Challenger

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Trying
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The labor market is starting to look more and more like the one we experienced in the late 1990s. Companies are undoubtedly reluctant to increase their costs, but it has become necessary to boost salaries...

—John Challenger

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Labor
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Job opportunities are described on the front pages daily as new emphasis is put on several industries, including security, communications, defense, medical equipment and supplies, as well as continuing significant opportunities in health care,

—John Challenger

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Security
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Going through the front door is a lot better than e-mailing your resume and waiting for them to call.

—John Challenger

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Those graduating with degrees in business, engineering, computer science, education and health care should find a relatively welcoming job market.

—John Challenger

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Business
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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.

—John Challenger

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None of this bodes well for retailers depending on strong holiday sales, nor for the entire economy, which has mostly relied on consumer spending to keep it afloat,

—John Challenger

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Economy
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A growing number of unemployed Americans waste time browsing the estimated 4,000 to 5,000 online job sites, blanketing them with resumes, and then waiting for callbacks. It is a formula for long-drawn-out joblessness,

—John Challenger

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Generation Y wants more meaningful work and is looking for more give-and-take from their employers. They want a lot of responsibilities and also to do work that is interesting to them.

—John Challenger

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Work
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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.

—John Challenger

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[Get global . It’s a big world and you have to be a part of it. That means acquiring international experience so you know the ways and customs of other countries.] Companies are much more...

—John Challenger

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I think that the social compact hammered out in the mid-20th century has been superseded by a new compact that is different and doesn’t promise the potential for lifetime tenure. Workers are free agents.

—John Challenger

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While some forecast the economy to be strong this year, some areas hit with heavy downsizing could struggle.

—John Challenger

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Economy
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It is probably too early to break out the champagne,

—John Challenger

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It is not unusual to see heavy job-cutting in the beginning of the year. Companies are still making adjustments based on the previous year’s performance.

—John Challenger

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Beginning
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Companies are looking at their staffing needs for the balance of 2001 and the numbers do not present a very positive picture, … The most worrisome aspect of the job-cut numbers, in terms of serving...

—John Challenger

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You’ll see more tuition reimbursement programs, more schedule flexibility.

—John Challenger

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Flexibility
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Business owners have been burned by the recession in the past, so they’ll take on some temporary staff and then convert them to full time when they know the recovery is for real.

—John Challenger

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Retailers, restaurants, real estate, home improvement stores… will all see business decline.

—John Challenger

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Business
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In these types of transactions, … payroll is usually targeted first for cost cuts, yielding the best and quickest results.

—John Challenger

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[Bleak outlook from small business Challenger also points out that a survey of small businesses (fewer than 500 employees) found that only 14 percent of them plan on adding workers in the near future.] That...

—John Challenger

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People see themselves moving (between) too many jobs today, too many companies.

—John Challenger

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Jobs
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The cost may end up being much higher since it will now be possible to watch entire games on the Internet.

—John Challenger

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[Overall wealth was boosted by an improving economy.] It’s been a good year in the markets, … You’ve also got a president and an administration that is pro-business and anti-tax.

—John Challenger

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The only clear picture we have from the job cut numbers this year is that employers appear to be confused about the direction this economy is taking, … Companies are experiencing increased business, but they...

—John Challenger

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Consumers are said to have more income (including the Bush tax cut), but are spending less. That may be the strongest indication that recovery from the current situation may be longer off than Wall Street...

—John Challenger

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Income
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October and November were the second- and third-heaviest months of the year for layoffs. We returned to the levels of job cutting we saw in 2001, which was the heaviest year we’ve ever tracked.

—John Challenger

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You should tie up these loose ends a year or two before retiring. Don’t wait until the last minute to understand your benefits options.

—John Challenger

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We should not get euphoric over the May drop in job-cut announcements,

—John Challenger

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The Asian situation has been a real driver and should continue into 1999, as companies scale back their growth plans,

—John Challenger

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Growth
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Layoffs are still very high, and the economy seems to be showing little sign of pulling out of the doldrums, … These lower cuts may just mean that we aren’t seeing any further dips right...

—John Challenger

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Economy
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This is the strongest, most consistent area for job growth.

—John Challenger

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Growth
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Following the stock price plummet, many companies are running on fumes when it comes to cash.

—John Challenger

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Running
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It can’t hurt to talk with an attorney if you feel your severance program is wanting, or if you feel you’ve been wronged, … That attorney can then address those issues with the company and...

—John Challenger

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Hurt
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It’s going to be hard to replace packages that were about $67 an hour when you added in pensions and health-care benefits.

—John Challenger

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The pattern of job cutting that we saw in the third quarter mirrors what we have been seeing almost daily in the various economic and corporate earnings reports, which is to say one report suggests...

—John Challenger

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The union has done a good job in negotiating a buyout package that at least seems to me to be unparalleled. At the same time, it’s bittersweet. What they are negotiating is an end game.

—John Challenger

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Most companies are looking at how the housing market affects them. If they see housing slowing, they’ll be more cautious.

—John Challenger

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Even though February job cuts showed a significant decline, there is no reason to think the job market is rebounding, … The fact that cuts remained above 100,000 is a strong indicator that employers are...

—John Challenger

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Reason
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The company should want you first.

—John Challenger

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Company
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Summer is always a slow job-cut time. Management is away, and vacations are going on,

—John Challenger

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It’s accelerating right now. I don’t think we’re near the end of it,

—John Challenger

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Because of the declining numbers of students in computer science and engineering, companies are looking overseas for tech-savvy workers.

—John Challenger

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Those who fail to deliver will be asked to tender their resignation or risk being forced out in a shareholder revolt.

—John Challenger

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Resignation
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For months, it appeared that the U.S. might remain relatively untouched by the financial crises abroad. However it most certainly seems that the impact is starting to ripple through our economy.

—John Challenger

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