Current economic conditions and conquering work-related fears: Employee satisfaction during times of uncertainty.

Undergraduate
Research Paper
Business
Pages 9 (2259 words)
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Cost of production in modern days has gone so high and business organizations are losing or gaining little profits to meet demands…

Introduction

Current global economic crisis has greatly affected employee satisfaction in many organizations hence declining their performance and ability to cater for their personal expenses. Organizations are currently reducing remunerations to their employees without considering its effects to their personal lives and motivation to work hard. Many organizations have also withdrawn employee benefits such as bonuses, promotions and commissions creating work related fears among employees (Rorty, 2010). This fear among employees, especially during times of economic uncertainty, is not healthy to business performance, and need immediate attention to ensure that business organizations survive the crisis without losing their workers.
Kenneth E. Strong Jr. and John A. DiCicco PhD. (2010, p.45) identified three building blocks to overcome fears, namely, “Authority, Responsibility, and Accountability”. They actually make a good leader out of a person not just to think and do what is right for one’s self but also for others. Applying these to one’s self, no one else is in authority over a person’s character other than the employee himself and his personal choices. Fear and anxieties are personal choices. A person can decide to see opportunities behind the threats against job security, or respond to economic crisis with a mind set that blinds itself to solutions and focuses on what there is to fear about. He simply has to take full control of himself. This is followed by the need to take full responsibility with understanding the situation clearly and making good decisions in order to positively respond to realities taking place. Strong and DiCicco (2010, p. 49) stated: “You and you alone have the responsibility for making the decision. So make your decision with confidence, and above all, trust yourself.” Accountability should follow. It means ...
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