Perceptions of employment stability among working professionals within the global economic crisis Online publication date: Sun, 23-Jan-2011
by Alan D. Smith
International Journal of Electronic Finance (IJEF), Vol. 5, No. 1, 2011
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.
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