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.(*)
.
Forex Trading Basics - 10 Facts About Forex Every Novice Trader Needs to Know to Win
Wednesday, December 10, 2008
If you are thinking about entering the exciting world of Forex trading, you need to know some Forex trading basics and the ones enclosed are essential for any novice trader, be aware of them or lose...
Here are your 10 facts and there in no order of importance - there all important!
1. Forex Trading is NOT easy
The fact you need to be aware of is that 95% of traders lose and to win you need to get the right Forex education and have confidence in what you are doing, to have the discipline to execute your plan for long term success. It' not easy, that's why 95% of traders lose. The good news is ...
2. Anyone Can Learn to Trade
While most traders are too lazy to get the right Forex education, it's a proven fact that anyone can learn to trade. This was proved in spectacular fashion by trader Richard Dennis, who taught a group of traders from all walks of life to trade in 14 days and they went on to make 100 million in just 4 years! Ok you may not make as much as this group - but the opportunity is there for everyone to succeed.
3. Beware of Forex Experts and Robots
They make me laugh - but many traders think there going to get rich for 100 bucks, alas life is not that simple. All these systems come with a lot of hype and a made up paper track record which won't help you win in real time - Avoid them or lose!
4. You Don't need to Work Hard to Win
While Forex trading is not easy, you don't need to work hard, you need to work smart and learn Forex trading the right way. Take the example we gave you of the traders taught by Richard Dennis, they learned to trade in just 2 weeks!
5. You Don't need to be intelligent or Clever
The best traders are not mathematicians or nerds, the biggest group of successful traders are ex card players and some of them are multi millionaires.
Sure they don't know much about maths - but they know about the odds, taking losses and running profits and that's why they win. Nothing clever, nothing flash just playing the odds for big gains and keeping losses small.
6. Keep It Simple
As you can gather from the above, simple systems work best, as Forex is an odds game. Complicated maths doesn't work as markets don't move to certainties, that's why simple odds based systems are better so - keep it simple and win.
7. Prices Cannot be Predicted
Lots of people tell you that you need to predict to win - but this is rubbish!
Try it and your predictions will end up as accurate as your horoscope. The way to win, is to wait and trade the reality of price change on a Forex chart. Trade the truth not opinions.
8. Day Trading and Scalping Doesn't Work
There are many who will tell you it does - but it doesn't! The time period is to short. If you see a day trading track record, look at and you will see back test in hindsight.
Forex scalping or day trading is a mugs game pass it by.
9. Money Management is the Key
This is the ability to keep losses under control and this is really the key to making big gains. Many traders never really think about it - but over leverage and poor stop, or no stop placement, causes more accounts to be wiped out, than any other reason.
10. You Need Discipline to Apply Your Plan
To win at Forex trading the hardest part is having the mental discipline to execute your plan and keep going as the markets give you losses.
If you deviate from your system you have no system at all.
Mental discipline is built on confidence and self knowledge and is the big difference between winners and losers.
You Can Do It!
So the really message of this article is yes you can win but you have to put in effort, do it on your own and ignore the myths and experts and that say it's easy.
While it's not easy to win, if you approach Forex trading with the right attitude and get the right education, no other investment can offer you the chance to ear such a great income as Forex trading. 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 trading Currencies for Profit visit our website at: http://www.learncurrencytradingonline.com
