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John Challenger  Quotes
They are often geared at workers whose skills are obsolescent, out-of-date or minimal, especially if their skills seem to be in a condition that they may have a hard time finding a job.

—John Challenger

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Now is the time when companies finalize their budgets for the coming year or make last-minute cutbacks to improve the year-end bottom line,

—John Challenger

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You don’t see them this lucrative very often. This is kind of off the charts.

—John Challenger

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We certainly are not out of the woods yet, … Last year at this time, declines in November and December gave way to [a] more than 86,000 job-cut surge in January.

—John Challenger

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Especially with all the worries about the war, terrorism and the economy, companies need to find ways to build morale right now, … The NCAA, and the betting pools in many offices, are a way...

—John Challenger

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Economy
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Companies, through their downsizing, continue to take the steam out of the wage inflation engine by cutting people when the pressure gets too high.

—John Challenger

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These are the rock stars of the finance world. There have been some extraordinary deals, and mergers and acquisitions activity.

—John Challenger

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Job-cut announcements have been on a roller coaster ride this year. The lack of any discernible trend in corporate downsizing is indicative of the uncertainty associated with the current economy.

—John Challenger

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What’s emerging in this era where men and women are working together as colleagues and peers . . . are relationships that form between men and women that are really strong.

—John Challenger

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When there aren’t a lot of alternative routes to take, it means more late meetings, people miss meetings altogether, more stress from people when they get in – just less ability to be productive,

—John Challenger

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Discuss all the major initiatives you have taken and point to your impact on the company. Then ask for a raise, but don’t specify an amount right away,

—John Challenger

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Company
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The service [sector] is holding this economy together, but there are signs it’s beginning to deteriorate. As those companies begin to cut back, we’re going to see increasing unemployment, and consumer spending… is likely to...

—John Challenger

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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...

—John Challenger

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American companies, with very few exceptions, have to now compete internationally. They need to tap into the global market. And if you want to sell to India, there’s no better way than having a well-stocked...

—John Challenger

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Employees may have more control over their employment future than they think,

—John Challenger

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Control
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We may now have moved into the second half of a slowdown, … because these big layoffs have begun to appear more regularly.

—John Challenger

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Relying on outsourcing gives companies more flexibility in regard to budgeting and allows them to respond more quickly to fluctuations in the economy,

—John Challenger

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Flexibility
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Unemployment has dropped to [the] 5% level, turning this into a sellers’ market. People are more in demand, and companies are having a hard time [finding] people. If [someone decides to] go out on their...

—John Challenger

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We were seeing daily announcements of the demise of CEOs in a way that seemed to stand out.

—John Challenger

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large number of lower-middle class and middle-class Americans struggling to make it paycheck-to-paycheck will be short of discretionary income during the holiday shopping season.

—John Challenger

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We’ve lost 2.5 million manufacturing jobs since the recession hit,

—John Challenger

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The very heavy downsizing reported in November is more confirmation that the effects of the Sept. 11 attack on the economy have been substantial. In the eight years we have tracked job cuts data, the...

—John Challenger

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The best way to get a summer job is to start now, if you haven’t started already.

—John Challenger

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There are thousands of co-heads, chiefs and directors now. You don’t know if they are top people or are buried in middle management somewhere.

—John Challenger

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People
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When you look at countries like India, you see that there’s a strong focus there on ramping up the technical education of its labor force,

—John Challenger

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Focus
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Are your skills up-to-date? Is what you do in demand?

—John Challenger

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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...

—John Challenger

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Economy
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If job cuts in the auto industry continue and we start to see consistently high job-cut numbers from the top three job cutters in July, it should set off some relatively loud alarm bells about...

—John Challenger

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While voracious consumer spending has helped maintain overall economic strength, companies are still hampered by stiff pricing competition from abroad, … The inability to raise prices has cut into corporate profits, which, in turn, has...

—John Challenger

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They might even include personal items you can put on the desk.

—John Challenger

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Desk
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The question for the economy at large is to what extent will it absorb these people and these businesses.

—John Challenger

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Economy
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What’s new is that these relationships between men and women are less fraught with risk.

—John Challenger

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It does seem like retailers are really stepping up and taking care of their employees, trying to provide services in the area and rallying behind the crisis,

—John Challenger

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Higher health care and energy costs for employers and employees are definitely taking a toll. Companies are being forced to enact more cost-containment measures to protect profits,

—John Challenger

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We now see more and more of these Old Economy-New Economy hybrids cutting their online staffs, … Companies that were hoping, if not expecting to eventually shift the lion’s share of their business to the...

—John Challenger

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Economy
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I think they re going to have to offer a stipend to help their employees with the costs so much for gas. They are going to have to encourage use of mass transportation or look...

—John Challenger

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The honeymoon is over. Now (Internet companies) are moving into the next phase of the relationship, with the investment community on one side and the employees on the other.

—John Challenger

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Businesses give a higher priority to profitability and earnings.

—John Challenger

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Companies are far from finished when it comes to thinning out their ranks,

—John Challenger

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The fallout from all of this will likely continue on in December and January with more dot.com closures and job cut announcements,

—John Challenger

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We are definitely going to see downsizing, … There just isn’t going to be a need for people to the degree that was required in the boon years.

—John Challenger

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People
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Human resource executives and low-tech industries are at their wits’ ends trying to find skilled personnel.

—John Challenger

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Trying
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There’s also more room when an individual poses some kind of litigation threat to the company over any of the protected kinds of situations like discrimination against age, gender or race, … That kind of...

—John Challenger

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Company
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It’s novel enough that some problems haven’t manifested themselves yet. Inevitably, it creates problems. It does create tensions in the workplace.

—John Challenger

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Problems
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Consumers and companies have been gobbling up new technology in the last 12 to 24 months … Their technology cup is overflowing, which may lead to a cooling off period until a major technology breakthrough...

—John Challenger

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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.

—John Challenger

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Unemployment has been dropping steadily, and we’re nearly back into the territory of the late 1990s when there was a war for talent.

—John Challenger

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Unemployment
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It is clearly a seller’s market. There has probably never been a better time to be looking for a job, especially for those seeking positions in industries that require highly specialized knowledge and skills.

—John Challenger

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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...

—John Challenger

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The terrorist attacks created an air of uncertainty that has undoubtedly influenced corporate decision making over the last year.

—John Challenger

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