John Challenger Tract Quotations

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 more agile in this increasingly competitive global marketplace, will rely more an more on a just-in-time workforce of contract and contingent workers.

We are approaching full employment and some employers are already dreaming up perks to attract the best talent.

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.

The labor market is quickly getting to the point where we will see upward pressure on wages, as employers attempt to attract more workers and retain the ones they have.

It is difficult to attract new businesses to a city if there are not enough skilled workers to employ. It is much more difficult to attract new people if there are no jobs immediately available, ... What smaller cities are accomplishing in this economy is truly amazing.