What is it about?
Organizations require employees to do more with less because the market is hyper-competitive and the economic condition is unpredictable, particularly under the influence of Covid-19. This study explores whether and how job insecurity influences employees' financial well-being and work satisfaction.
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Why is it important?
Our findings show that job insecurity negatively and significantly influenced employees' personal financial well-being whereas employees' personal financial well-being positively and significantly influenced work satisfaction directly and directly through employees' family financial well-being. Additionally, our study contributes to the well-being literature by expanding financial well-being to include personal and family aspects which are more pronounced in collectivistic societies.
Perspectives
Throughout the world, people are concerned with their financial well-being on personal and family levels. In light of the Covid-19 pandemic and more and more people are unemployed, we hope to shed light on the relationships between job insecurity, personal financial well-being, family financial well-being, and work satisfaction. We trust that organizations and employees can work together to overcome the current crisis. Remember "tough times never last, tough people do".
Professor W.M. To
Macao Polytechnic University
Read the Original
This page is a summary of: The Effects of Job Insecurity on Employees’ Financial Well-Being and Work Satisfaction Among Chinese Pink-Collar Workers, SAGE Open, October 2020, SAGE Publications,
DOI: 10.1177/2158244020982993.
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