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==Company goals==
==Company goals==


The firm's primary goal is to make the transition to reemployment easier for displaced workers <ref>[http://www.globalhrnews.com/story.asp?sid=1382 John Challenger of Challenger, Gray & Christmas at Global HR] Accessed March 2, 2013</ref> It was founded in 1962 <ref>[http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=30662003 Company Overview of Challenger, Gray & Christmas at Bloomberg Businessweek] Accessed March 5, 2013
The firm's primary goal is to make the transition to reemployment easier for displaced workers <ref>[http://www.globalhrnews.com/story.asp?sid=1382 John Challenger of Challenger, Gray & Christmas at Global HR] {{wayback|url=http://www.globalhrnews.com/story.asp?sid=1382 |date=20130202124945 }} Accessed March 2, 2013</ref> It was founded in 1962 <ref>[http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=30662003 Company Overview of Challenger, Gray & Christmas at Bloomberg Businessweek] Accessed March 5, 2013
</ref> The company specializes in sponsoring business benefits and services in the following areas: 1) Communication Strategy & Timing, 2) Phase Out/Shut Down 3) Community Awareness 4) Employee Retention 5) Contingency Planning, 6) Security and 7) Public Agency Involvement.
</ref> The company specializes in sponsoring business benefits and services in the following areas: 1) Communication Strategy & Timing, 2) Phase Out/Shut Down 3) Community Awareness 4) Employee Retention 5) Contingency Planning, 6) Security and 7) Public Agency Involvement.


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==Media coverage==
==Media coverage==
The media has covered the results of the studies that the company has put together. These include the cost of 2007 "March Madness" on the productivity of U.S. businesses,<ref>[http://technology.inc.com/2007/03/01/will-march-madness-make-the-boss-block-web-use/ During NCAA basketball tournament, employers lose $1.2 billion in employee productivity] Accessed March 5, 2013</ref> the flat rate of hiring seasonal workers<ref>[http://www.chicagotribune.com/classified/jobs/chi-stores-holiday-season-hiring-20111021,0,2701958.story Lifted from Tribune Media Services, Jobs for seasonal workers] Accessed March 5, 2013</ref> in 2011, declining rate of teen employment in 2012,<ref>[http://www.chicagotribune.com/topic/wsbt-report-shows-less-teens-looking-for-jobs-20120518,0,5993667.story Report shows fewer teens looking for jobs, Chicago Tribune] Accessed March 5, 2013</ref> rising planned layoffs at the U.S. companies in 2013<ref>[http://www.chicagotribune.com/topic/sns-rt-usa-economyjobs-challenger-urgentn9n0b100y-20130307,0,5789981.story Lifted from Reuters: US planned layoffs rose for 2nd month in a row in Feb says Challenger] Accessed March 4, 2013</ref>
The media has covered the results of the studies that the company has put together. These include the cost of 2007 "March Madness" on the productivity of U.S. businesses,<ref>[http://technology.inc.com/2007/03/01/will-march-madness-make-the-boss-block-web-use/ During NCAA basketball tournament, employers lose $1.2 billion in employee productivity] {{wayback|url=http://technology.inc.com/2007/03/01/will-march-madness-make-the-boss-block-web-use/ |date=20110920182629 }} Accessed March 5, 2013</ref> the flat rate of hiring seasonal workers<ref>[http://www.chicagotribune.com/classified/jobs/chi-stores-holiday-season-hiring-20111021,0,2701958.story Lifted from Tribune Media Services, Jobs for seasonal workers] Accessed March 5, 2013</ref> in 2011, declining rate of teen employment in 2012,<ref>[http://www.chicagotribune.com/topic/wsbt-report-shows-less-teens-looking-for-jobs-20120518,0,5993667.story Report shows fewer teens looking for jobs, Chicago Tribune] Accessed March 5, 2013</ref> rising planned layoffs at the U.S. companies in 2013<ref>[http://www.chicagotribune.com/topic/sns-rt-usa-economyjobs-challenger-urgentn9n0b100y-20130307,0,5789981.story Lifted from Reuters: US planned layoffs rose for 2nd month in a row in Feb says Challenger] Accessed March 4, 2013</ref>
One of the key developments of this firm is the awarding of a $5 million federal contract from the U.S Navy's Chief of Naval Installations Milling, Tennessee, for professional, scientific and technical services.
One of the key developments of this firm is the awarding of a $5 million federal contract from the U.S Navy's Chief of Naval Installations Milling, Tennessee, for professional, scientific and technical services.



Revision as of 04:11, 19 November 2016

Challenger, Gray & Christmas
Company typeOutplacement and Career Transition Services
IndustryOutplacement, Executive Coaching
FoundedChicago, Illinois, USA (1962 (1962))
FounderJames E. Challenger
Number of locations
Offices throughout North America
Area served
North America and Globally
Key people
John A. Challenger, CEO
ServicesOutplacement Services, Executive Coaching
Websitewww.challengergray.com

Challenger, Gray & Christmas, with headquarters located in Chicago, Illinois, is the oldest executive outplacement firm in the US. It has offices throughout North America.

Company goals

The firm's primary goal is to make the transition to reemployment easier for displaced workers [1] It was founded in 1962 [2] The company specializes in sponsoring business benefits and services in the following areas: 1) Communication Strategy & Timing, 2) Phase Out/Shut Down 3) Community Awareness 4) Employee Retention 5) Contingency Planning, 6) Security and 7) Public Agency Involvement.

Current CEO

Mr. John A. Challenger is the current Chief Executive Officer of this company. He is known as one of the subject matter experts in employment concerns for job market news in the United States.

Media coverage

The media has covered the results of the studies that the company has put together. These include the cost of 2007 "March Madness" on the productivity of U.S. businesses,[3] the flat rate of hiring seasonal workers[4] in 2011, declining rate of teen employment in 2012,[5] rising planned layoffs at the U.S. companies in 2013[6] One of the key developments of this firm is the awarding of a $5 million federal contract from the U.S Navy's Chief of Naval Installations Milling, Tennessee, for professional, scientific and technical services.

Surveys

The firm also conducts regular surveys and issues reports on the state of the economy, employment, job-seeking, layoffs and executive compensation. It conducts one-off surveys on such subjects as workplace bullying, lost productivity due to the Super Bowl, and working women.

References

See also