Impact of financial crisis on organizational behavior & job satisfaction: How can corporate leadership assist?

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    Abstract

    Job satisfaction is a very important work-related attitude that affects employees and their commitment and performance on their job. A number of scholars have investigated the influence of the current global financial crisis on employee satisfaction. Under the present circumstances, employees feel more pessimistic, anxious and threatened in their professional environment. Researchers have attempted to identify the possible ways leaders can help in order to boost their employees’ satisfaction. The present work investigates the role of financial crisis on job satisfaction and the role of corporate leadership on organisational behaviour. It is a qualitative study based on critical literature review. The study illustrates that the high unemployment rates have pushed individuals to accept part-time and less well paying posts which incur feelings of dissatisfaction, employees feel less happy and more pessimistic for their diminishing job prospects. It concludes that through a shift in the leadership style employed by senior management employees, positive results can be brought in such a crisis period. Concepts such as transformational leadership, authentic leadership and a more flexibility-oriented organisational culture are being further discussed in relation to their effect on job satisfaction.
    Original languageEnglish
    Title of host publication3rd International Open Conference on Business & Public Administration 2016
    Subtitle of host publicationConference Proceedings
    EditorsDimitrios A. Giannias, Eleni Sfakianaki
    Place of PublicationGreece
    PublisherHellenic Open University
    Pages65-75
    Number of pages11
    ISBN (Electronic)9789605389901
    Publication statusPublished - 6 Apr 2016

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    Keywords

    • Job satisfaction
    • financial crisis
    • transformational leadership
    • authentic leadership

    Cite this

    Fragouli, E. (2016). Impact of financial crisis on organizational behavior & job satisfaction: How can corporate leadership assist? In D. A. Giannias, & E. Sfakianaki (Eds.), 3rd International Open Conference on Business & Public Administration 2016: Conference Proceedings (pp. 65-75). Hellenic Open University.