In “The Hits Just Keep Coming: How the Recession is Affecting Families and Work,” Hochwarter sought to find out how the financial crisis is affecting people both at work and in their personal lives. His results show that in the workplace, large numbers of people are feeling more stress, more pressure from management and more concern about their job security, and are witnessing more incivility.
Among Hochwarter’s findings:
*More than 70 percent of both men and women in the survey confirmed that the recession has significantly increased the stress levels of employees in recent months.
*More than one-half (55 percent) reported that management has grown increasingly demanding over this period.
*More than 65 percent predicted significant job changes to occur within one year, causing employees to grow progressively more concerned about job status; 80 percent of employees reported being nervous about their long-term financial well-being.
*More than 60 percent were asked to find ways to cut costs on a weekly basis.
*More than 40 percent of employees reported increased incivility (i.e., “backstabbing,” “sucking up” and politicking) as a means to stay employed in the event of a layoff.
The study also explored the shifts in home life due to the financial crisis. More than 70 percent of both men and women admitted making significant spending changes, including a decision to limit or eliminate the purchase of items deemed non-essential. More than 80 percent of both men and women also admitted that it was unlikely they would be able to retire when they wanted and with the amount of money anticipated as recently as one year ago.
In the face of record unemployment and layoffs, the study found that many people (42 percent) could maintain their current standard of living for just one month or less, while the majority of those asked (55 percent) reported three months or less. In addition, more than 33 percent of couples reported discrepancies of greater than six months in perceived standard of living following layoffs, suggesting that husbands and wives are not always on the same page in terms of financial status or long-term economic viability in the event of job loss.
“Scared -- it’s the one word I would use to describe the mental status of employees these days,” Hochwarter said. “Employees are more stressed and more strained today, and they aren’t looking to make a move to improve their situation. The study shows employees have little confidence that the next work situation will be any more secure than the current one.
“The housing market is also playing a big role,” he said. “For many, selling a house and its potential to contribute to an already dire financial situation is simply too much at this point.”
Hochwarter’s research confirms that developing a climate of trust and expanding lines of communication, even when the news is not favorable, may help reduce the anxiety associated with job insecurity.
Hochwarter’s research is being prepared for publication.
Wayne Hochwarter | Newswise Science News
Smart Data Transformation – Surfing the Big Wave
02.12.2016 | Fraunhofer-Institut für Angewandte Informationstechnik FIT
Climate change could outpace EPA Lake Champlain protections
18.11.2016 | University of Vermont
Physicists of the University of Würzburg have made an astonishing discovery in a specific type of topological insulators. The effect is due to the structure of the materials used. The researchers have now published their work in the journal Science.
Topological insulators are currently the hot topic in physics according to the newspaper Neue Zürcher Zeitung. Only a few weeks ago, their importance was...
In recent years, lasers with ultrashort pulses (USP) down to the femtosecond range have become established on an industrial scale. They could advance some applications with the much-lauded “cold ablation” – if that meant they would then achieve more throughput. A new generation of process engineering that will address this issue in particular will be discussed at the “4th UKP Workshop – Ultrafast Laser Technology” in April 2017.
Even back in the 1990s, scientists were comparing materials processing with nanosecond, picosecond and femtosesecond pulses. The result was surprising:...
Have you ever wondered how you see the world? Vision is about photons of light, which are packets of energy, interacting with the atoms or molecules in what...
A multi-institutional research collaboration has created a novel approach for fabricating three-dimensional micro-optics through the shape-defined formation of porous silicon (PSi), with broad impacts in integrated optoelectronics, imaging, and photovoltaics.
Working with colleagues at Stanford and The Dow Chemical Company, researchers at the University of Illinois at Urbana-Champaign fabricated 3-D birefringent...
In experiments with magnetic atoms conducted at extremely low temperatures, scientists have demonstrated a unique phase of matter: The atoms form a new type of quantum liquid or quantum droplet state. These so called quantum droplets may preserve their form in absence of external confinement because of quantum effects. The joint team of experimental physicists from Innsbruck and theoretical physicists from Hannover report on their findings in the journal Physical Review X.
“Our Quantum droplets are in the gas phase but they still drop like a rock,” explains experimental physicist Francesca Ferlaino when talking about the...
16.11.2016 | Event News
01.11.2016 | Event News
14.10.2016 | Event News
09.12.2016 | Life Sciences
09.12.2016 | Ecology, The Environment and Conservation
09.12.2016 | Health and Medicine