Changing Times in a Recession
Posted by admin on Apr 29, 2010
There is no doubt that we are in a recession. What you have to answer for yourself now is what are you going to do about it? You are on your own, you can’t change it but you can adapt to the situation until things blow over.
Now how do we do that? Well the best thing to do is tighten your belt because the credit market is frozen so you won’t be able to get a loan for personal or for business purposes.
With the money you have, it is best to use it wisely by buying only the important items when you go to the grocery. If there are other items you want to go get, you have to sacrifice in order to get it by buying different brand that is more affordable. Since most supermarkets have special offers,and give out free vouchers or samples,and you should take advantage of it.
Do you drive yourself to work? If you do, has it ever occurred to you how much you spend on gas everyday? If you drive an SUV, chances are you spend a lot on gas just to go to and from work. Part of tightening that belt means trading in your SUV or a smaller car. If it is possible, go for a hybrid because you save on gas and get a tax break from the government.
Most people eat out during their lunch break. Instead of buying food, why don’t you prepare it at home and then bring it to the office. That way, you don’t have to spend your hard earned dollars for lunch so you can use them elsewhere.
Your employer is aware of the current financial crisis. You can help him or her by suggesting if it will be possible to do some of the work at home. Some companies allow their employees to do this so just have to check if this scenario can work for you. Just be sure that you are as productive at home like you are in the office.
But because you spend more time at home instead of the office, your electricity bill will surely go up. To try and resolve that, the best thing to do will be to replace your lighting fixtures with those that consume less wattage. Since you have a landline and mobile phone, you should change this with a provider that offers better rates than what you are currently paying for. The same goes for other bills that pay monthly.
With all the money you are able to save, you should use it to pay any outstanding debts that you may have with the bank to ensure you have a good credit rating. You can also use this to take up a training course so you or go back to school so you will be able to shift to another career if the current one you are in right now is not working out.
The current recession isn’t going to end by Christmas since it is forecasted to last until next year. For you to survive, you have to tighten your belt. If you don’t know how to do this or want to learn more, it is best to hire a financial adviser who can come up with a plan so you can just follow it.
NOVYAR
Novyar
http://www.articlesbase.com/personal-finance-articles/changing-times-in-a-recession-732726.html
human resources&recession in the changing times?
Recession will cut down your income. People will lose jobs. There will lot of ups and downs.
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If I understand your question correctly, you are talking about hiring. Human resources can be very picky in this job market. For instance, at my company a college degree wasn’t required until recently. Now everyone has a degree and HR wants these people only unless you are already with the company and have proven yourself.
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due to recession happening in the market,,, their is an effect on human resource,,,, since the companys want to cut down the cost on employees,,, so they have stopped recruitment process,,, and salary cut also and reducing the cost and their by acting as a cost center
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the human resources dept does not only deal w/ the hiring of new employees. they also have to keep accurate files on present workers, and along w/ the ad dept (if the company has one), promote the company in the way that they feel is best. Ya gotta do something to pass time so it looks like you’re still needed.
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