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." .
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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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Win Forex Trading - 10 Skills Winning Forex Traders Have and You Must Too!
Wednesday, December 10, 2008
If you want to win at forex trading there is a list enclosed of 10 Skills winning forex traders acquire and you must to some are method and some are mindset so let's look at them.
They are in no particular order of importance, they're all important!
1. Acceptance of Responsibility
Any winner accepts that they are responsible for their destiny and they get the right forex education and develop their own system. Forget all the junk systems you see online sold for 100 or so with simulated track records they don't work.
You are responsible for your destiny in forex markets just as you are in life and that means working smart and getting the right forex education.
2. Simple Odds Based System
Any forex trading system used (even by the best traders) tends to be simple and robust and NOT complicated and will be based around playing the odds. Forex is an odds on market and you need to trade high odds set ups and simple systems work best and always have.
3. Confidence and Discipline
You will never apply your system with discipline, unless you have confidence in it. You as a trader, in fact any trader are going to have to trade through losing periods when the market wrong foots you and hands you losses.
If you can't execute your trading system with discipline, you may as well not have a system!
4. They have Patience
You don't get paid for trading often - you get paid for being right.
Winners are not in the game of trading all the time; they wait for the right opportunities and hit them hard.
5. They Have Courage
When they have high odds trades they have the courage to hit these trades hard, hold and milk them for all their worth. Being a successful forex trader is all about having courage at the right time, this is not being rash, it's what separates the super traders from the mediocre ones.
6. They isolate themselves
They focus on their trading and never listen to others in terms of advice. They know if they listen to others emotions get involved so they stay away from the crowd.
7. They Have no Ego
If you think you should win because you're clever or get sore when you lose - your ego is involved. If you hate losing or looking stupid forex trading is not for you. Most of the great traders are humble and accept the market is always right and only they can be wrong. While their humble, they know they can win, if they use their trading rules and apply them with discipline.
8. The Play Defence First
Just like the good football team you keep it tight at the back and defend.
If you defend well your offence will always get opportunities and like the old poker saying goes - "If you want to win you need to bet and you can't bet without chips"
9. They Don't Chase their Tail
They tend to develop a forex trading strategy and stick with it and don't chop and change trading systems. They have a system they are confident in and apply it with discipline.
10. They Love what they Do
Many traders don't love what they do - but to be successful in anything in life, you need to be comfortable and confident in what you are doing and love doing it.
If you get nervous, frustrated or angry, at forex markets - you shouldn't be trading.
A unique Challenge
There are your 10 skills that you need to acquire to win at forex and you need to have the right mindset and apply a simple system with discipline - it sounds easy to do but its not and forex trading requires unique skills. Anyone can learn the skills - but few do.
If you want to become a winning forex trader, you need to work on your forex education and mindset until you have the skills above and currency trading success can then be yours. NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE
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