I agree with Ex-expat's last point. The following is taken from an FT article that appeared online last Sunday:"Staff at KPMG, the accountancy firm, who are looking to earn brownie points during the downturn should prepare for hard lessons in loyalty and perhaps even household budgeting.“'We expect our people to be flexible over their job role, their hours and their place of work and to learn new skills if necessary,' says Dave Conder, UK head of people.“'Some will be forced to abandon pet projects, others will take on new ones and may be given new titles at the same time. And no, there won’t necessarily be any more money in the pot for doing so because that’s simply how it goes in a recession.'”