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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Planning retirement with various investments is main theme in this blog. Preparing our self to retire rich is the goal of this site. Investment becomes our alternative to retire rich. There are some investment instruments we may choose for retiring rich. We had explained much in stocks investing and little explanation in mutual funds and bonds. Today I want to tell about another instrument we may choose as our 'basket' in order to retire rich. And it is foreign exchange trading also commonly called as FOREX.
Talking about Forex is talking about countries currency. The value of currency is different each other. This difference which makes one of currencies can be exchanged with another currency. All of the big countries currency has a floating system that means these countries let the value of currency exchange move up or down freely according to market fluctuation. Because of its fluctuating, the value of currencies exchange can be traded.
There are several factors which caused foreign exchange (forex) trading is growing rapidly. One of them is trading activities among world countries, wishing big profit from forex movement and developing information technology which makes everyone possible to do some forex transactions. In forex trading, there are a lot of currencies which traded in. But the most traded currency is the world main currencies like below:
USD: US Dollar GBP: Great Britain Pound sterling EUR: European Union Euro CHF: Switzerland Franc JPY: Japan Yen
These currencies traded in pairs, like GBP/USD, EUR/USD, USD/JPY and USD/CHF. It means when we buy a currency, we also sell its pair. For example, when we buy GBP/USD, it means we buy GBP with USD or sell USD with GBP. When we buy EUR/USD at 1.400, it means we buy EUR 1 with sell USD 1.4000 or we can say that EUR 1=USD 1.4000.
See you in next article! Thanks for reading.
Asep Muhammad Saepul Islam http://retireinrich.blogspot.com
