The effect of crisis on employees’ stress and dissatisfaction

Halkos, George and Bousinakis, Dimitrios (2016): The effect of crisis on employees’ stress and dissatisfaction.

Abstract

This study, using a random sample of employees working in the private and public sectors, investigates the effect of crisis on job stress and dissatisfaction. Two stage cluster sampling is first used to collect primary data and relying on our sample and the collected variables we model for the first time a number of qualitative variables as features representing crisis (especially stress and dissatisfaction but also migration, reprioritizing and behavioral changes). Logistic regressions are used next presenting us with many useful elements concerning the function of stress, dissatisfaction and supportive elements and offering the corresponding probability of the effect on employees during the crisis. There are many new findings like, among others, the acceptance of salary reductions, number of working hours, economic migration, behavioral changes between management and employees, reprioritizing, and minimization of career opportunities.

• Item Type: MPRA Paper
• Language: English
• Keywords: Crisis; Stress; satisfaction; dissatisfaction; migration; reprioritizing; behavioral change; logistic regression.
• Subjects: J - Labor and Demographic Economics > J0 - General > J01 - Labor Economics: General; J - Labor and Demographic Economics > J0 - General > J08 - Labor Economics Policies; J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers > J61 - Geographic Labor Mobility ; Immigrant Workers; J - Labor and Demographic Economics > J8 - Labor Standards: National and International > J81 - Working Conditions; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M5 - Personnel Economics > M50 - General; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M5 - Personnel Economics > M54 - Labor Management; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O15 - Human Resources ; Human Development ; Income Distribution ; Migration

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