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.(*)
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One thing that we can all be sure of is that there exists a major credit crisis that in one form or another will impact upon us all.
Just one short year ago, it was possible to purchase a house or car or boat with the smallest of down payments - if a deposit was even required at all, and to not have to bother with the tiresome details of how the repayments would be met.
House prices were reaching ever more impossible heights and many house owners were using their fast increasing equity values to help finance lives of abundance.
Of course it was obvious to any serious observer that this period of abundant living was unsustainable and it was this fact (amongst others) that helped the Fed to decide that the housing market was beginning to overheat and that a cycle of interest rate hikes would - and I quote - "cool the housing market".
As is so often the case when thing are out of balance, people over compensate. The Fed raised the rate too high and too fast. This resulted in not the desired "Cooling" but a complete melt down of the housing sector.
This in and of itself was not what the Fed had intended, but worse was to come.
Instead of a cooling period in which financial institutions would have had the opportunity to restructure their portfolios and rectify any imbalances that may have exposed them to uncomfortably high risk, their entire world dropped in on them.
Now please understand that I am not saying that many of the problems within the financial world were not exacerbated by wholesale greed, because I am sure that they were. But was it necessary to cause a global economic disaster to correct an over blown housing market?
The knock on effect of the above to the currency markets has been nothing short of sheer panic, and although this has not necessarily been a desirable outcome, it has presented some traders with some incredibly great trading opportunities.
As Rudyard Kipling said "If you can keep your head whilst all those around are losing theirs......."
Trading the currency markets has always required great patience and emotional control and during this financial upheaval - even more so.
The credit crisis may make trading more testing but it does also open some great opportunities to the patient market watcher.
It is never a good idea to just jump into a trade and never has that been more accurate than now.
This is the time to ensure that you are using your tried and tested trading method and that you are trading by the exact and proven rules.
Now is the time to be even more particular about your entry criteria - not less.
Now is the time to commit to spending more trading time watching and waiting and searching for the right conditions.
As Rudyard Kipling aptly put it "Now is the time to keep your head" and to find those opportunities that the less cool headed traders are missing completely.
How Forex Trading Can Get You Through the Subprime Crisis
The subprime mortgage crisis, the biggest financial crisis since the Great Depression, has hit the heart of the economy of America and the world. Banks collapse one after the other, huge companies file for bankruptcy, and it seems like the economy is coming to an end as we know it. All these problems may lead to a recession, which is very bad for you. However, you can protect yourself from an upcoming recession and go through the subprime crisis smoothly. The answer is trading forex.
Trading forex, or currency trading, is not affected by any financial crisis. Of course, exchange rates move according to different news items, but this market will never be closed, unlike traditional businesses. There is always a trade to be made at the currency market, and the opportunities never end. Even during a recession.
Another benefit of the forex market is its ability to trade both ways, so traders can profit whether the exchange rate goes up or down. In regular businesses, when owners buy something and its price drops, they lose, because they must sell it for a low price. However, in the currency market, it does not matter which way the exchange rate moves or which currency is stronger. There is always a profit to be made.
Automation is a big part of trading currencies. With an upcoming recession, everyone wants to expand their income sources, not rely on a completely new source. This is where Forex Tracer comes in. This piece of software is able to make trades on its own, even while the trader is away from his computer. This way anyone can have a regular day job and also make some hundred dollars per day on the side.
Enter the Forex Tracer area of Great-Info-Products.com to get Forex Tracer, read a complete review, and get a better understanding of this software. This way you can start earning faster and easily get through the credit crisis.
How to Earn Much Money in Forex Although the Global Financial Crisis is Happening
Saturday, January 24, 2009
It's not a secret anymore that we're in global financial crisis. Almost every government in European Country and also the USA have agreed to support the banking and financial market for 4 quintillion US Dollars.
I'm sure that you want to get some of this 4 quintillion dollars, don't you? As we can see, nowadays the volatility of the Forex is very big. It's your chance to earn much money forex.
If you don't even know what Forex trading is at this point, you need to get some proper Forex training to learn it.
One big issue you should know is that people who are successful in Forex trading usually have a shortcut named automatic Forex trader. Automatic Forex trader trades in different ways compare to the traditional Forex trading system. It does better ways of doing the automatic Forex trading and also makes Forex trading simple, too! The amateurs can also act like the professionals with its help.
Automatic Forex trader program usually offers how to trade Forex safely and how to control your emotion in making decision. Such as Forex Brotherhood offers you Forex training. Forex daily broadcast by Forex experts and Forex daily report which can help you to make a decision.
You should not enter an actual account for the first time. You should always start with a demo account before you actually try it for real and manage a real account which is already included in automatic Forex trade program.
Don't panic if you don't want to lose any money from your pocket. Almost all the automatic Forex traders give you free $500 into your live trading account after you purchasing the products which only cost you from $99,5 for lifetime license.
Give it a try for yourself to earn much money although the global financial crisis is happening. When you can't get any money with automatic Forex trader program, they offer you 8 week money back warranty. It's absolutely no risk.
So, you know how to earn much money forex There is always a way to survive while financial crisis is happening. Find out at the following website for earning money in forex -
Forex Trading - Safest Investment During Economic Crisis
Saturday, January 10, 2009
Economic crisis is chocking the market with its strong grip all over the world. The markets are full of uncertainty, banks are unwilling to "defreeze" credits and people panic about their savings. When equities markets turned to risky investments for both financial institutions and individuals, is there any kind of investment that is still considered safe?
Forex trading, in my opinion, is the safest investment option available today. Many financial institutions and traders consider foreign currency holdings as the most secure investment option. When couple of years ago an middle class individual wouldn't even dream about entering Forex market, today private investors enjoy the appealing Forex investment opportunities.
Trading Forex gives everyone a chance to enter the real business world. Assets are fully liquid and the biggest advantage of them all - the ability to trade long or short on the week days, 24 hours a day. Some Forex brokers go even further and offer trading possibilities even when market is closed. Even with a small deposit Forex trader can earn generous amount via leverage options.
Forex trading holds a healthy investing potential for every investor around the world. Of course the draw back of Forex lays in the fact that not many are familiar with the trading environment and not many have time to educate themselves about it. After all, Forex trading requires a lot of learning and practice. When people need investing solutions at the time of uncertainty, learning is the last thing on everyone's mind, no matter how worthy Forex trading is.
Forex trading is not gambling - you cannot simply put a "bet" on two currencies and wait for the results. Well, actually you can do so, but this will result in a very quick loss of your funds. Currency trading is full of technical terms that have to be memorized and fully understood and for new traders this can also be a big minus.
However, I still think that the pain of learning forex trading is worth even second of it. With a professional assistance of Forex broker learning process can safe some time and energy and new forex traders can enjoy the investment opportunities right from their own home.
Another good question is whether financial crisis has or will eventually have any strong impact on Forex brokers? After all, if you start Forex trading, you have to trust your Forex broker to take care of your funds and profits! Is it wise to stop trading at all during economic uncertainty?
My trading motto is "trust, but always check". In my opinion, you can continue trading safely but at the same time the moment your profits reach the "yes-you-can-withdraw" level, you should take the money out. Every time you are done trading, leave no more than $100 in your account just for the save side. That way, even if things go bad, loosing $100 won't sting as much as loosing thousands.
I cannot guarantee anything and I don't know how other traders are handling the economic situation, but I haven't stopped trading (although the spreads and swap rates are outrageous). So far every withdrawal request has been processed without problems and I keep my profits save by withdrawing them every chance I have got! Of course, I loose money because of the withdrawing fees and trading with small amounts isn't too attractive, but at least I am not scared every time I open my trading platform! My heart is free when I have nothing to loose.
Check out more Forex articles, tutorials and Forex brokers reviews at http://www.forexexplore.com
