New Horizons in Management series
Chapter 7: Organizational effectiveness and wellbeing at work: post economic crisis
Throughout this book, the authors have shown how each and every one of us has been affected by this ongoing economic crisis, which unfortunately has just entered its sixth year of immense turmoil with few signs of abating. As we have discussed, with high levels of job insecurity evident, coupled with increasing demands on people to work harder and for longer hours, and given a more robust and abrasive managerial style, the overall changing landscape of the working environment is far from satisfactory. During the last six years, and around the globe, we have witnessed huge economic and financial upheavals, making it now certain that this ongoing recession has had a negative impact on most citizens in terms of their psychological and physical wellbeing. Starting with the banking crash in America in 2008 (and as discussed in Part I of this book), which led to the domino effects of low growth and high unemployment in most countries (as discussed in Part II of this book), we can now confirm that as a result the whole working sector has now been severely affected.
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