Title: Perceptions of employment stability among working professionals within the global economic crisis
Author: Alan D. Smith
Address: Department of Management and Marketing, Robert Morris University, Pittsburgh, PA 15219-3099, USA
Abstract: A survey was designed and formally tested via multivariate statistical analysis of working professionals, representing the service sector from the Pittsburgh, PA, metropolitan area to testing assumptions concerning the effectiveness of governmental intervention, demographics and strategies for coping with the potential of unemployment in terms of personal and overall economic employment security. It was found that most professionals are generally optimistic about their personal employment security, regardless of if they perceived their chosen career path to be recession-proof. Although there were no gender differences, younger, more technologically savvy professionals were more confident in the economy and their personal security than their older counterparts. Overall, governmental financial bailouts were not perceived as good strategies for economical and employment stability. Employers should expect to enjoy a continued increase in employee productivity and efficiency through the current recession.
Keywords: business strategy; credit crunch; economic recession; education; employment stability; professional intellect; service industry; services; governmental intervention; demographics; employment strategies; unemployment; employment security; financial bailout; employee productivity; employee efficiency; economic security.
Int. J. of Electronic Finance, 2011 Vol.5, No.1, pp.49 - 83
Available online: 23 Jan 2011