by Challenger, Gray & Christmas, Inc.
Relocation among job seekers, which reached a post-recession high in the second half of 2014, fell back down to Earth in 2015 as widespread economic improvements reduced the need to move for employment opportunities.
The latest data on relocation rates shows that, on average, 11 percent of those finding employment each quarter moved for the new position. The data released Tuesday by global outplacement consultancy Challenger, Gray & Christmas, Inc. is based on a quarterly survey of approximately 1,000 individuals completing the job search.
Last year’s relocation rate was down from a four-quarter average of 13 percent in 2014 and 2013. Relocation reached a post-recession high in the second half of 2014, as 15 percent of job seekers pulled up stakes for new opportunities during the final two quarters of the year.
“It is typical to see these small windows of relocation surges. They tend to occur at the beginning of recessions and then again as the economy moves from recovery to expansion,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.
“Last year definitely marked a turning point in the recovery. We finally regained all of the jobs lost as a result of the 2008-2009 recession and, by the end of the year, the national unemployment rate fell to 5.0 percent. Even with the struggles in the oil industry, the number of metropolitan areas throughout the country with unemployment rates below the national average continued to grow,” said Challenger.
It is with great sorrow that I announce the sudden passing yesterday of long-time CEO Trustee Joseph Tait. Joe joined CEO Trust pre-launch of the Philadelphia Chapter and was a key founding contributor. He has served in many leadership roles in the CEO Trust: Membership Chair, Program Chair and Board Member in both Philadelphia and Connecticut Chapters. Joe has been a CIO for a number of interesting and challenging companies over the past 15+ years. Most recently, he was CIO of Lydall, Inc., a global manufacturer located in Manchester, CT. Joe commuted weekly between his office and his home in the Philadelphia area. Many of us saw him at last week's Google training in Orange, CT. With his usual consideration, Joe wrote an email the next day to say what a fantastic program it was, and how much he enjoyed and appreciated the evening and the fellow CEO Trustees he saw.
Joe was a great friend, colleague, and mentor. He cared deeply about CEO Trust, nominated many new members and Chaired many programs. He exemplified the generosity of spirit that our organization represents. He was active in TENG and SIM, helping up-and-coming technology executives. He volunteered at his alma mater Temple and Drexel.
Joe is survived by his wife Joan and his son Josh, who is an IT professional. A funeral mass will be held on Wednesday morning.
We will miss Joe. Those of us who met Joe were fortunate to have known such a fine man. I am grateful for that.
UPDATE: There will be a celebration of Joe's life this Tuesday evening, March 22nd at the Simeone Automotive Museum (http://www.simeonemuseum.org/) in Philadelphia from 6pm to 9pm. All are welcome to stop by, greet Joe’s family, share stories with friends, and celebrate Joe's incredible and very full life. Wednesday, March 23rd at 10:30 am a full funeral mass will be held in Joe’s honor at St. Alphonsus Church, 33 Conwell Drive, Maple Glen, PA, 19002.
By a CEO Trustee (member)
We had a terrific event at Race Brook Country Club in CT on March 9th, with good food & drink and a terrific speaker. Julie Murphy, founder of Oakwood Leadership, spoke to around 30 guests about the Search Inside Yourself leadership program developed at Google and backed by neuroscience. The interactive session looked at the impact of meditation & mindfulness and how organizations of all types are using these techniques to improve productivity and bottom line results. The results at companies like Google, Ford, and Genentech where it has been strongly adopted are impressive and really moved the needle!
Special thanks to our event co-sponsors, Charland Growth Advisors and Brody Wilkson, PC.
CEO Trust speaker, bestselling author Sydney Finkelstein, a Steven Roth Professor of Management, and Faculty Director, Tuck Executive Program (TEP), at Tuck Center for Leadership at Dartmouth, was recently featured on Fortune.com discussing his latest book, "SUPERBOSSES: How Exceptional Leaders Master the Flow of Talent."
On March 22, Professor Finkelstein will share with The CEO Trust the secrets of what makes a “superboss,” and describe how we can emulate the best tactics of superbosses.
Watch the Fortune.com video interview and read the full article here.
Click the following chapter names for details and registration information for CEO Trust’s Greater Philadelphia and New York City chapter events.
On February 17, CEO Trust's PA Chapter met best selling author, and CEO & President at Truth Initiative, Robin Koval to discuss her book "Grit to Great – How Perseverance, Passion, and Pluck Take You From Ordinary To Extraordinary." Robin led a lively discussion on research that shows the single biggest predictor of future achievement is the character trait of grit - a combination of guts, resilience, initiative and tenacity. Robin talked about how important it is to be focused on recruiting a staff with Grit. We discussed some of the characteristics of people with Grit, including: they are not afraid of risk and failures; they don’t mind doing several jobs; they are "nice." Robin also pointed out that a team with Grit will genuinely like each other, and gave examples why that was a great competitive advantage.
All participants were treated to their own complimentary copy of Robin’s book, which she signed and personalized for all. The breakfast event was hosted by Storeroom Solutions.
Sydney Finkelstein, speaker for CEO Trust’s upcoming SUPERBOSSES events, is featured in today’s Washington Post piece, “What makes a boss a ‘Superboss’.” Professor Finkelstein is the Steven Roth Professor of Management and Director of the Center for Leadership at the Tuck School of Business at Dartmouth College where he teaches courses on Leadership and Strategy. On March 22, Professor Finkelstein will discuss with The CEO Trust what makes a “superboss,” sharing fascinating stories of superbosses and outlining how we can emulate the best tactics of superbosses to create our own powerful networks of extraordinary talent. Read article below and click for event and registration info. for CEO Trust’s Greater Philadelphia and New York City chapter events.
What Makes a boss a 'Superboss'
by Jena McGregor February 11 at 9:59 AM
Most of us just want a decent boss. Someone who doesn't take credit for our work. Who doesn't mind if we don't immediately respond to an email sent after 11 p.m. Who actually asks us every once in a while how we're doing.
But Dartmouth business school professor Sydney Finkelstein decided to study what he calls "Superbosses" -- leaders who not only get their people to achieve great things but go on to become great leaders themselves. In his new book by the same name, Finkelstein examines the leaders who sit at the top of coaching trees, who inspired a generation of new leaders in an industry, and who've helped people move on to do their own thing -- even if it means letting them go.
In the process, he examines the protégés and careers of leaders like legendary football coach Bill Walsh, who launched the careers of so many future NFL coaches; fast casual dining pioneer Norman Brinker, whose employees went on to found many similar restaurant joints; and fashion magnate Ralph Lauren, who helped along designers ranging from Joseph Abboud to Vera Wang.
But don't get the wrong idea, Finkelstein says: "superbosses" are not necessarily nice, generous mentors. Rather, they tend to be motivated by their own goals, whether it's to win, improve their legacy, or better their own work or their own art. We spoke with Finkelstein about what we can learn from these "talent spawners." The conversation has been edited for length and clarity.
How'd you come up with the idea for the book?
I’m really into food. All kinds of restaurants. There was an article I was reading that showed a graphic of a famous French chef -- I wish I could remember who it was -- which talked about all his sous chefs and former sous chefs. It graphed out this tree, of how everybody went on after a period of time and worked at all these other really great restaurants, who used to work for this great chef.
I thought 'that’s really kind of cool,' and I wondered whether that’s true anywhere else, so I started to poke around. I wanted to know who’s the best of the best, and that’s what got me to [Chez Panisse chef and founder] Alice Waters. The evidence is pretty overwhelming -- the number of chefs and bakers and restauranteurs who worked for her.
I'd also heard stories in the past about [former San Francisco 49ers] coach Bill Walsh, and how he had a lot of former assistant coaches that had become head coaches. It turned out to be an overwhelming number. For everyone else, there was considerably less.
Full article here.
On February 2, our NYC Chapter met & mingled with fellow CEOs as well as hospitality industry leaders & business owners at CEO Trust’s event "Hello! And Every Little Thing That Matters: Impactful Ideas for Treating Your Customers Right."
Speaker Kate Edwards, a 30-year veteran of the hospitality business, discussed her newly-published book and detailed how customer service can be your best friend, secret weapon, and brand ambassador all in one. How it can help drive sales while embodying your culture and vision, and how it can be a thoughtful, controllable representation of your brand that makes your business thrive.
Snacks were provided by Noreetuh, a modern Hawaiian restaurant in the East Village, and Chef Chung Chow offered a delicious assortment of his signature dishes. David Bowler Wines provided red & white wines, and the bar stocked a variety of beers. All CEO Trust guests were treated to their own complimentary copy of Kate’s book, which she signed and personalized for all. And a highlight of the evening was the give-away to one lucky winner of the breakout party game "Cards Against Humanity."
The event, attended by 50+, was hosted by Kate Edwards and held in collaboration with Journee at the stunning & stylish Journee Colab space in the heart of Flatiron. Founded in 2015, Journee is a members-only community made for the passionate people in food, beverage, and hospitality.
By a CEO Trustee
On January 20th, members and invited guests of CEO Trust’s CT Chapter heard from innovation expert and best-selling author Bryan Mattimore on creating successful “cultures of innovation” within our companies. The creative, state-of-the art “incubator” space at Comradity in Stamford was the inspiring setting for the evening where we met & mingled with fellow CEOs over beer, wine & hors d’oeuvres during a reception before the program.
During his presentation, Bryan then offered a host of successful methodologies, strategies, and techniques for improving creative problem solving and increasing innovation within our companies and teams. Using examples and insights gained from over 200 successful innovation assignments over the past 16 years, Bryan shared what’s worked for his clients.
Three key innovation principles Bryan shared included:
Bryan used real-world business cases to highlight major themes for successful innovation and culture change. One was: Find the right innovation tool, by working with the right internal and external teams, to address your needs and desires. It can be as simple as agreeing on what “good” looks like, to creating an idea generation and execution platform, to coming up with a new sales and growth strategy for your business.
We all also learned a fascinating, simple and yet very effective tool called “semantic intuition” that we can adapt to pretty much any business challenge. It's a a creative word combination technique that allows participants to come up with new ideas by combining several categories of key words to create a name for the new idea. Other ideation tools discussed included: positioning continuums, the whiteboard technique, war gaming, and disruptive innovation.
New connections were made and insights & strategies gained during this practical & applicable session on increasing innovation.
On January 11th, a frigid night in NYC, the NY Chapter of CEO Trust huddled together for dinner and stimulating conversation at the NYU Torch Club on Waverly Place in Greenwich Village. The Torch Club is a wonderful venue, generally only available to NYU faculty and Alumni. The evening had two main discussion topics. One was a great discussion on the human resource issues facing business in today’s rapidly changing environment. Discussion topics included:
The evening was a big success and we made sure everyone was home in time to watch Alabama and Clemson in the national college football championship. Thanks to all the participants and to CEO Trust for arranging a great event.
By CEO Trustee Event Chair
The Dallas/ Ft. Worth Chapter of CEO Trust enjoyed a private tasting and insider’s view of the science of wine and winemaking in Texas at Inwood Estates Winery. Dan & Spencer Gatlin, Inwood Estates’ founder & son, hosted us in their Dallas barrel room and provided fascinating insight into their history and the state of winemaking in general. The evening was a wonderful opportunity to not only learn about wine, but enjoy a glass (maybe a couple) while mingling with friends and fellow CEOs throughout the evening. Thank you to our host, Tribridge, for helping bring this event together and the wonderful spread of food that was so enjoyed!