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 Robot - A Simple Free System the Pro's Use For Huge Gains and Has Made Millions
Wednesday, December 10, 2008
Here we are going to look at a free forex robot the pro traders use to make millions and you can too. It's simple to understand, time efficient and works...
Forex robots have a bad name in general because most sold online have never even been traded for real and the track records are just simulations on paper which of course is easy, in the real world you don't get the advantage of knowing the closing prices and the result is a wipe out.
This system is different. It's been traded for real for over 25 years, made tons of money and can make your forex trading strategy more profitable too.
Let's look at it and why it works.
The system was devised by one of the trading greats - Richard Donchian.
He noticed a 4 week cycle in many markets and thought up this simple system and it only has one rule which is below and its rule gives its name
The 4 Week Rule.
Buy a new 4 week high and hold it - then reverse this position to a short, when a 4 week low is hit. Keep a position in the market at all time and reverse on any new 4 week high or low.
Why it Works
That's it - nice and simple but it works. Currency markets trend long term and most new trends start from and continue, from breakouts to new highs and lows.
If you think about the recent huge moves in the market, ask yourself this question:
How much would this system have made?
Look at the Forex charts and you will see how much you could have made with it.
These have been big moves and this forex trading system, puts you in and keeps you in them and it's these moves that pile up the big profits.
A Simple Route to Profits
Don't be deceived by its simplicity and think it doesn't make huge profits - it does and will continue to do so, as long as markets trend and they always will.
Simple systems always work best, as they are robust with few elements to break and this makes them great for trading an odds market like forex.
A Filter to Smooth the Equity Curve
The system works great when markets trend - but when they don't, it will of course lose (no systems perfect) but you can add a filter - exiting on a 2 week low or high, then going flat and re entering on the next 4 week trading signal. A Great Time Efficient Way to Make Big Profits
So there you have it - a simple forex robot, that's objective, can be executed in 15 minutes a day and makes big long term gains - in fact you don't even need a computer, you can do the calculation in your head!
You don't get much in life for free, that can make you money - so look at this automatic forex trading system and you will be glad you did. FREE! PROVEN FOREX ROBOT & ESSENTIAL FOREX PDF's
For 2 essential free trading Pdf's and for more on a successful FREE Forex Trading System and an exclusive RISK FREE Forex trading Course visit our website.
