Read the following article: http://www.nytimes.com/2014/05/17/your-money/uncertainty-about-jobs-has-a-ripple-effect.html
After reading the article, answer the following questions:
What type of stressor is job security? Describe the different types of strains caused by job insecurity?
How do employees cope with job insecurity, and how might this be contributing to the strains? What can organizations do to help mitigate this issue?
What type of stressor is job security?Describe the different types of strains caused by job insecurity?
Job security issues build up in those situations when an industry faces the great loss in term of loss and during the time of recession. Second thing is the competition in workplace where new entrant employees adapt to the psychological contract. Job security issues affect performance in term of creativity and productiveness in negative way. To keep the job secure the employee should upgrade their skill and knowledge as per industry requirement.
Job insecurity creates the negative impact on the employee health as well as his/her performance. Employee becomes less creative and depressed. These stress cause the physical as well as mental health problems. Employee reduces the job satisfaction because they underestimate their performance. They pay less attention to the safety and experience the more accidents and injuries at workplace. Under such situation they feel fear of job insecurity and do not report the incident.
How do employees cope with job insecurity, and how might this be contributing to the strains?
They start working hard with extra time and effort. They try to work in fast and unsafe manner. All this brings the overload of work, work life balance issue and they lack the control over the decision making.
Work overload and work life balance both are linked with the job insecurity. In time of recession no one wants to be jobless because without job no one can fulfill their desire and daily life needs. Fear of being jobless creates the great stress on employees.
What can organizations do to help mitigate this issue?
Organization should be transparent about their policies; they should communicate honestly and realistically. Communication in tough situation helps in decreasing the stress level of employees. There should be backup plan for employees which could make employees more responsible toward organization. It is concluded that stressful employee is not good for employer because he/she can’t be productive and creative in comparison to relaxed employee. So organization should plan the trips or cultural events to overcome such situation.