At least 600,000 jobs could go in the UK in 2009, according to a report by a personnel managers' professional body.
The Chartered Institute of Personnel and Development says even those who escape redundancy face pay freezes.
It says that while total unemployment will not hit three million, the time between New Year and Easter will be the worst for job losses since 1991.
According to official statistics, there were 1.86 million people out of work in the UK in October.
That figure was the highest since 1997, taking the overall unemployment rate to 6%.The CIPD, which represents managers and personnel staff, issued its gloomy forecast a day after children's retailer Adams joined a growing list of well-known chains applying for administration.
Chief economist John Philpott said: "This time last year, in the face of some scepticism, the CIPD warned that 2008 would be the UK's worst year for jobs in a decade.It was, but in retrospect it will be seen as merely the slow-motion prelude to what will be the worst year for jobs in almost two decades.
"The CIPD's annual barometer forecast is that the UK economy will shed at least 600,000 jobs in 2009."Overall, the 18-month period from the start of the recession in mid-2008 until the end of 2009 will witness the loss of around three quarters of a million jobs, equivalent to the total net rise in employment in the preceding three years."
Mr Philpott said job losses were likely to continue into 2010, taking the final toll to about one million.
The CIPD also surveyed 2,600 workers and found that more than one in four did not expect a pay rise next year, while others feared a wage cut.
The institute's reward adviser, Charles Cotton, said employees were "realistic about their pay prospects".
"Against this backdrop, employers will need to work hard to find new ways to motivate their employees to perform," he said.
Financial incentives and targeted investment in training and development could be effective ways to do this, he added.
"More than ever, this is a time where organisations need to engage in an open and straightforward communication with staff, clearly explaining the reasons for any difficult measures that will affect them," he said.
"This will help preserve staff loyalty and engagement even during times when unpopular decisions need to be made." .
How to Save $5000 on Forex Trading Training and Get it Free
Jerusalem, (ANTARA News) - Pesawat-pesawat perang Israel telah menghantam 230 sasaran di Jalur Gaza sejak Sabtu.
"Sebanyak 230 sasaran telah dihantam," kata jurubicara militer Israel seperti dikutip AFP. "Sasaran itu mencakup infrastruktur Hamas seperti gedung, depot senjata dan tempat peluncuran roket."
Israel melancarkan serangan pemboman besar-besarannya terhadap Hamas di Gaza sejak Sabtu pagi. Aksi itu adalah salah satu operasi militer terbesar terhadap wilayah yang mereka rebut dalam perang 1967 itu.
Sedikit-dikitnya 280 warga Palestina tewas dalam serangan gencar itu, sebagian besar dari mereka anggota Hamas, menurut dokter.
Hamas membalas dengan menembakkan puluhan roket ke Israel, yang hanya menewaskan satu orang dan melukai sedikit orang lainnya.(*)
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Forex Education - Lessons on How to Become a Super Trader in Just 2 Weeks!
Wednesday, December 10, 2008
How would you like to get the best Forex education which could after just 14 days see you make huge profits? This is exactly what happened in a famous trading experiment which we will look at in more detail here...
Can anyone learn to trade Forex?
Trading legend Richard Dennis set out to prove that anyone could, with the right education and mindset could be making big trading profits. He took a group of people who only had one thing in common - they knew nothing about trading and set about turning them into successful traders in just two weeks.
This group were diverse and ranged from a young boy just out of high school, to a security guard yet, after just two weeks training these two people and the rest of the group were sent off to trade and ended up making 100 million dollars in just 4 years.
The group was called "the turtles" and they are now part of trading history - but the question you may be asking yourself is..
How did this group become so successful so quickly?
There is much you can learn from the experiment and perhaps the most important point is Forex trading success has got nothing to do with working hard, it's to do with getting the right information and working smart.
The group used a simple breakout system which locked into and held trends long term and it was so simple anyone could learn it and this group did.
Many traders make the mistake of thinking complexity brings success and in many areas of life it does but not Forex - Simple systems work best as they are more robust in the face of ever changing market volatility.
Lastly, the experiment showed how important mindset is and the hard part of forex trading is not knowing the method - but applying the method and staying on course when the market gives you a losing period.
Its discipline which is the key to success and while anyone can learn a good method they have problems applying it and keeping losses small. We all have egos, hate losing and looking stupid - but that's what forex markets do to you and it is mental discipline to trade through these periods which separates the super traders from the rest.
This experiment is one of the most important for any new trader to look at and you should read the excellent interview in Market Wizards and take a look at the book "the Way of the Turtle" by Curtis Faith, the most successful Turtle of all.
When you read about the experiment, it really rams home the point that the market doesn't destroy the trader, the trader destroys himself, by letting his emotions impact his trading and as a result trading discipline breaks down and if you don't have the discipline to apply a system - you don't have one!
It's an essential part of learning how to win at Forex, so make part of your essential Forex education. NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE
For free 2 x trading Pdf's, with 50 of pages of essential info on How to Trade Forex visit our website at: http://www.learncurrencytradingonline.com.
