The heavy job cutting we have seen over the past three years appears to be trending down, ... However, the job market seems to be in a state of limbo, where companies are eager to hold on to people they have, but many are reluctant to create any new jobs.
More Quotes from John Challenger:
They are often geared at workers whose skills are obsolescent, out-of-date or minimal, especially if their skills seem to be in a condition that they may have a hard time finding a job.John Challenger
For employees in the middle of a merger-acquisition right now, it is likely that at least one in 10 will lose their jobs because of the combination.
John Challenger
Even if raises and bonuses are below what they were four or five years ago...rewarding employees who have brought the company through tough times is accepted by more and more companies,
John Challenger
These sectors may continue to see high chief executive turnover in light of what will most likely be categorized as a lackluster holiday shopping season.
John Challenger
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 and special benefits in order to attract and retain the top talent.
John Challenger
Summer is always a slow job-cut time. Management is away, and vacations are going on,
John Challenger
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