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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3 Dangers of Currencies Trading That You Must Know About
Wednesday, December 10, 2008
Whenever it is that you try something new, you have to make sure you are familiar with all the details and the dangers before treading on unknown ground. Sure, the draw of making a lot of money in the Forex market is irresistible, but knowing where the potholes and the turn offs that leads to a 500 foot drop is the kind of foreknowledge that will save your investments from impending disaster. This article will point out just a few of those dangers, more specifically, 3 dangers of currencies trading that you must know about.
The market has been called many things; dynamic, colourful, extremely sensitive but the adjective that should be used to correctly describe it is 'predictably unpredictable'. While it may be true that the market has set reactions to certain climates and can be placed within a cycle to be used when forecasting, but because of the sensitivities of the market and that nobody can be 24 hours vigilant in looking out for even the most subtle variations within the paradigm, then the market is, at its worst, extremely unpredictable. The option of trading in Forex, whether you are calling or buying, has with it a risk because of the complete size of the market and its unpredictability, which means you stand the chance to lose a huge sum of money if you are not careful.
Because of the fact that Forex is so easily accessible, there is a danger of investment addiction when it comes to turning the market roulette table around and around. Its probably the same endemic that you get at the casinos and you have to know when to say no. Nobody can truly predict the market and hoping against hope that the tide of lady luck and her ship will turn is the sort of wishful thinking that gets gamblers drowning in the cat calls of their own wages.
Thirdly, the Forex market is so excitable, that even the potential of something happening might even cause the market to flutter. So if a politician were to say something or if there's a government rumour going around, investors might get excited at the prospects. The market might get buoyant and its reactions might give investor confidence a boost in certain currencies, which means that more and more people will pump in money and you will eventually have to follow the crowd. So what happens if this proposed event doesn't happen? There's a plunge in confidence as well as a global market crash. Which means everything goes haywire and you lose all your money, which undoubtedly means a hair pulling, stress inducing heart stopping experience.
Avoid it and don't make the same mistakes that other people have been making. Once you can watch out for the warning signs and hear the bells, pull the plug and liquidate the investments which have a high level of risk attached to them. Once the road is clear, you can start investing in a safer environment, one that you have total control of.
