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Next 3 months crucial in recruitment, says CIPD

05 January 2009 In Graduates

The next three months will see 50 per cent of the year's job losses take place, it has been suggested by economists at the Chartered Institute of Personnel and Development (CIPD).

The CIPD has claimed that, while 300,000 jobs will go before April, another 300,000 will go by Christmas this year as well.

John Philpott, chief economist at the institute, said: "Managers will be attempting to perform the organisational equivalent of emergency triage.

"Staff will be traumatised by news of colleagues losing jobs, anxious that they might be next, or simply feeling hard done by because their pay and perks are being scaled back."

While all sectors are likely to be affected, accountancy graduates looking for recruitment schemes need not worry as much as other graduates.

Accountancy graduates have the benefit of being able to adapt their skills to other areas which are booming, such as insolvency firms.

Accountancy graduate recruitment figures are unlikely to take a significant dive in 2009 as the importance of graduate accountancy jobs will have risen, as opposed to fallen, this year.

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