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

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.