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 analysts expect.
More Quotes from John Challenger:
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
Pay raises have been paltry since 2001. Since 2001, wage growth has been muted because productivity has been so strong.
John Challenger
Retailers, restaurants, real estate, home improvement stores... will all see business decline.
John Challenger
More and more human resource executives are coming to the realization that they can no longer drag their heels on hiring decisions. If they do, it is increasingly likely that the candidate will be off the market before the offer is made.
John Challenger
Mergeracquisition activity was the second leading cause of job cuts (in January), behind cost-cutting. It will continue to be among the top job-cut reasons this year as an improving economy and increased competition force industry consolidation.
John Challenger
There really was no way to predict where the successful strands would come in the e-world. If you take a company like Yahoo, they got there early, with a lot of money, and were able to go out and hire the very best people.
John Challenger
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The disgrace of others often keeps tender minds from vice.
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