IoD chief warns of sharp rise in job cuts in 2003

The
Institute of Directors’ chief executive has warned that job losses will
continue next year, and could escalate.

In
an exclusive interview with Personnel Today, Andrew Main Wilson painted a bleak
picture of recession, falling recruitment in the private sector and increasing
employment legislation.

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"We
will see a net loss of jobs over the next 13 months," he said, "even
without a major upsurge in terrorism. Should terrorism escalate on the global
stage, there will be an even sharper decline in job availability, so this is
going to be a very testing time."

Main
Wilson said talent management is one of the most critical services HR must
deliver and companies must ensure they keep their top staff.