Exploring the consequences of the financial crisis on employment relationships in Greece
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Transcript of Exploring the consequences of the financial crisis on employment relationships in Greece
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Exploring the consequences of the financial crisis on employment
relationships in Greece
Ioannis Nikolaou
Centre of Research in Organizational Behavior & Leadership Athens University of Economics and Business, Greece
http://about.me/nikolaou
![Page 2: Exploring the consequences of the financial crisis on employment relationships in Greece](https://reader034.fdocuments.us/reader034/viewer/2022051816/54556d49b1af9f37608b4851/html5/thumbnails/2.jpg)
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Research Framework
• The fear of unemployment
– Job insecurity
• The role of HRM
– Perceived organizational support
• Their impact on employment relationships
– Psychological Contract
– Psychological contract breach and violation
Ioannis Nikolaou | http://about.me/nikolaou
![Page 4: Exploring the consequences of the financial crisis on employment relationships in Greece](https://reader034.fdocuments.us/reader034/viewer/2022051816/54556d49b1af9f37608b4851/html5/thumbnails/4.jpg)
Study 1. Psychological contract, job insecurity and the role of perceived organizational support
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Hypotheses
• H1: Experiences of organizational change are associated with breach/violation, job insecurity, job satisfaction and psychological well-being
• H2: Psychological contract breach and violation are positively associated with job insecurity and negatively with job satisfaction
• H3: Psychological well-being is associated with job insecurity (Job insecurity climate hypothesis)
• H4: POS will mediate the relationship between job insecurity and well being/job satisfaction (HR hypothesis)
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Sample - Measures
• A cross-sectional survey across organizations – Sample: N=301 working individuals
• Measures: • Experiences of organizational change (a: .77)
• Psychological contract breach (a: .92)
• Psychological contract violation (a: .96)
• Job insecurity (a: .85)
• Perceived organizational support (a: .78)
• Employee satisfaction (single item)
• Psychological well-being (a: .87)
Ioannis Nikolaou | http://about.me/nikolaou
![Page 7: Exploring the consequences of the financial crisis on employment relationships in Greece](https://reader034.fdocuments.us/reader034/viewer/2022051816/54556d49b1af9f37608b4851/html5/thumbnails/7.jpg)
Inter-correlation matrix
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Main Findings
• Experiences of organizational change are associated with psychological contract breach and feelings of violation, increased job insecurity and reduced employee satisfaction (H1 confirmed) but not with psychological well-being.
• Psychological contract breach and violation are positively associated with job insecurity and negatively with job satisfaction (H2 confirmed)
• Job insecurity is the strongest predictor (than experiences of organizational change, psychological contract breach and violation) of psychological well-being job insecurity climate (H3 confirmed)
• Perceived organizational support partially mediates the relationship between job insecurity and psychological well-being and between job insecurity and employee satisfaction HR Hypothesis (H4 confirmed)
Conclusion: The impact of job insecurity on employee well-being and the usefulness of perceived organizational support in order to deal with job insecurity climate
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Ioannis Nikolaou | http://about.me/nikolaou
![Page 9: Exploring the consequences of the financial crisis on employment relationships in Greece](https://reader034.fdocuments.us/reader034/viewer/2022051816/54556d49b1af9f37608b4851/html5/thumbnails/9.jpg)
Study 2. Following a multi-level perspective
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Hypotheses
• H1: Experiences of organizational change are associated with breach/violation, job insecurity, job satisfaction
• H2: Psychological contract breach and violation are positively associated with job insecurity and negatively with job satisfaction
• H3: Supervisor’s psychological contract breach and feelings of violation are positively associated with subordinates’ breach and violation
• H4: Both employees and supervisors will perceive POS the same way
• H5: Experiences of change will mediate the relationship between supervisors’ POS and employees Ψ contract fulfilment
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Sample - Measures
• Matched sample: N=205 employees & N=100 supervisors from various banks – Measures:
• Experiences of organizational change (supervisors’ a: .84)
• Psychological contract breach (employees’ a: .85/supervisors’ a: .89)
• Psychological contract violation (employees’ a: .92/supervisors’ a: .94)
• Psychological contract fulfilment (employees’ a: .71/supervisors’ a: .80)
• Perceived organizational support (employees’ a: .82/supervisors’ a: .85)
• Job insecurity (employees’ a: .84/supervisors’ a: .89/supervisors’ a: .91)
• Employee satisfaction (single item)
Ioannis Nikolaou | http://about.me/nikolaou
![Page 12: Exploring the consequences of the financial crisis on employment relationships in Greece](https://reader034.fdocuments.us/reader034/viewer/2022051816/54556d49b1af9f37608b4851/html5/thumbnails/12.jpg)
Main Findings
• Supervisor’s psychological contract breach and feelings of violation are positively associated with subordinates’ (H3 confirmed)
• Employee’s perceived organization support is positively associated with supervisors’ perceived organizational support (H4 confirmed)
• Experiences of organizational change mediate the relationship between supervisors’ perceived organizational support and employees’ psychological contract fulfilment (H5 conf.)
Conclusion: Interaction between employees’ and supervisors’ Ψ contract and the role of experiences of organizational change
• Experiences of organizational change are associated with psychological contract breach and feelings of violation and with increased job insecurity, reduced employee in both samples (H1 confirmed)
• Psychological contract breach and violation are positively associated with job insecurity and negatively with job satisfaction in both samples (H2 confirmed)
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Ioannis Nikolaou | http://about.me/nikolaou
HLM
analy
ses
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Study 3. The role of individual characteristics (resilience and core-self evaluations)
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Hypotheses
• H1: Experiences of organizational change are associated with breach/violation, job insecurity, organizational commitment and turnover intentions
• H2: Psychological contract breach and violation are positively associated with job insecurity and negatively with organizational commitment
• H3: CSEs is positively associated with resilience and negatively with job insecurity and resilience is also negatively associated with job insecurity
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ilar to
st.1
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Sample - Measures
• Sample: N=115 M&S employees (76% response) – 32% with managerial responsibilities
• Measures: – Core-Self evaluations (a: .74)
– Resilience (a: .88)
– Experiences of organizational change (a: .75)
– Psychological contract breach (a: .89)
– Psychological contract violation (a: .92)
– Job insecurity (a: .80)
– Organizational commitment (a: .77)
– Turnover intentions (a: .70)
Ioannis Nikolaou | http://about.me/nikolaou
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Inter-correlation matrix
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Main Findings
• CSEs is positively associated with resilience and negatively with job insecurity and resilience is also negatively associated with job insecurity (H3 confirmed)
• Feelings of violation is the strongest predictor of turnover intentions/commitment compared to experiences of organizational change and breach Lack of trust
Conclusion: Previous change history and Ψ contract violation have a major impact on employees’ attitudes.
• Experiences of organizational change are associated with breach/violation, turnover intentions but not with job insecurity, organizational commitment, even when controlling for resilience and CSEs Lack of trust (H1 part. conf)
• Psychological contract breach and violation are positively associated with job insecurity and negatively with organizational commitment (H2 confirmed)
Stu
dy 1
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Ioannis Nikolaou | http://about.me/nikolaou
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General discussion
• Very high levels of psychological contract breach and violation; employees feel betrayed and insecure
• The strong impact of job insecurity climate
• HRDs can have a strong impact (through POS)
• Small effects of individual characteristics (CSEs-resilience)
Ioannis Nikolaou | http://about.me/nikolaou
![Page 19: Exploring the consequences of the financial crisis on employment relationships in Greece](https://reader034.fdocuments.us/reader034/viewer/2022051816/54556d49b1af9f37608b4851/html5/thumbnails/19.jpg)
Exploring the consequences of the financial crisis on employment
relationships in Greece
Ioannis Nikolaou
Centre of Research in Organizational Behavior & Leadership Athens University of Economics and Business, Greece
http://about.me/nikolaou