Further job losses inevitable, HR bosses say

It has been found seven out of ten HR bosses believe there will be no significant recruitment drives for the next six months at least.

At the same time, a third of bosses believe the UK will not be out of the woods financially until 2011 – and most think further job losses are inevitable – a survey by online recruitment firm TheLadders.co.uk has found.

It was also revealed one in three managers believe the economic situation has separated the wheat from the chaff.

Of those who are currently looking to recruit, the majority are taking on staff members who can generate revenue for the business, the Press Association reports.

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Derek Pilcher, managing director of TheLadders.co.uk, said: “Recruiting individuals who can go out and create new opportunities has a knock-on effect across the organisation.

“It is a positive sign in an otherwise very difficult market.”

According to Jonathan Loynes, chief European economist for Capital Economics, unemployment could rise to 3.5 million during the recession.