Does Monetary Loss Affect Job Loss in An Organization?
The first article that assessed the relationship between monetary and job loss in an organization is Brunner et al. (2019). According to this source, factors of work-related stressors such as health problems, among other stressors, creates a problem of laxity in organizations. When there is laxity, workers experience lower output and a reduced financial rates in organizations. The eventual impact of low productivity and reduced revenue accumulation is the loss of jobs in firms (Brunner et al., 2019). The authors used a case study of Swiss employees with the help of both fixed models and OLS to assess this concept. Essentially, job stressors reduce working morale and an eventual low output. The trend results in the loss of employment among the workers.
Besides, Godinic, Obrenovic, and Khudaykulov (2020) acknowledged that loss of resources directly impacts the loss of employment in organizations. Two situations have so far resulted in a monetary loss in companies. The issues outlined in the article include the Great Recession of 2008 and the COVID-19 pandemic that continues to shake the world. The two crises resulted in the locking down of some organizations, hence the loss of finances. Most of the companies have led to lay down workers in large numbers due to financial losses. Godinic, Obrenovic, and Khudaykulov (2020) emphasized that financial losses have resulted in individuals’ mental health problems or PTSD.
Besides, an analysis by Pohlan (2019) established that losing money directly impacts unemployment in firms. The research surveyed German firms and found that companies lose finances when employees experience social and economic strains. When organizations experience financial strain, they often reduce the number of their employees to match the financial resources. The author emphasized that loss of job has an eventual detrimental impact on employees. Those adverse effects include reduced life satisfaction, hardship in accessing economic resources, fragile social integration, weak self-efficacy, low moral status, and mental health problems.
Furthermore, the study by Posel, Oyenubi, Kollamparambil (2021) established that the emergence of the COVID-19 pandemic led to massive financial losses. The pandemic reduced cashflows due to several restrictions that were put into place by various companies. Due to shutdowns in multiple places, organizations lost their bargaining power and an ultimate loss of finances. The situation also led to a higher rate of unemployment. As the previous authors, Posel et al. (2021), revealed, those who lost their jobs continue to fight depression. Mental health problem is detrimental to the worker who lost their employment and their families. In this case, the existence of a pandemic in countries directly impacts the financial elements of firms. Lack of finances results in a high rate of unemployment, as stated by the authors.
The final article that is evaluated in this case is that of Strömberg et al. (2017). According to this source, paying high wages that exceed revenues being accrued poses financial problems to companies. As such, the authors targeted finding how income multipliers can be incorporated into organizations to estimate costs of productivity loss during the valuation processes. The main issue in this source is that making fragile financial plans results in the loss of the same resources in the long run. Such losses cause unemployment as companies can no longer pay their workers.
References
Brunner, B., Igic, I., Keller, A. C., & Wieser, S. (2019). Who gains the most from improving working conditions? Health-related absenteeism and presenteeism due to stress at work. The European Journal of Health Economics, 20(8), 1165-1180.
. Effects of economic uncertainty on mental health in the COVID-19 pandemic context: social identity disturbance, job uncertainty, and psychological well-being model. Int. J. Innov. Econ. Dev, 6(1), 61-74: http://dx.doi.org/10.18775/ijied.1849-7551-7020.2015.61.2005
Pohlan, L. (2019). Unemployment and social exclusion. Journal of Economic Behavior & Organization, 164, 273-299.
Posel, D., Oyenubi, A., Kollamparambil, U. (2021). Job loss and mental health during the COVID-19 lockdown: Evidence from South Africa. PLoS ONE, 16(3): e0249352.
Strömberg, C., Aboagye, E., Hagberg, J., Bergström, G., & Lohela-Karlsson, M. (2017). Estimating the effect and economic impact of absenteeism, presenteeism, and work environment-related problems on reductions in productivity from a managerial perspective. Value in Health, 20(8), 1058-1064.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
Ace Writing Center has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.
Essays
At Ace Writing Center, Nowadays, students normally have extremely busy schedules. You will note that some of them have to take on some evening or weekend jobs in order to get some income that can help them to sustain in college or in the university. This can deny them a chance to write all the essays given. Others usually get bombarded with a lot of work by their lecturers. This can still delay such students from working on all their essays. However, some of them usually try to work on all these essays but end up delivering their work late. This can prevent them from graduating since most lecturers are strict on deadlines. If you want to write a business essay, the wise way is to hire an outstanding essay writing service like us, so that you can get the best results. If you are keen, you will note that many companies usually overcharge their customers. Some of them are there only to make money. And in reality, they really don’t care to build a long term commitment with students. You should not choose such companies. You should take your time and choose a reliable company to work with. Ace Writing Center is the ultimate solution for you. We have been offering our writing service for more than 7 years. This is a clear indication that you will get quality essay writing service. We have a wide range of writers who can work on any business essay that you might have. We believe in doing extensive research so that we can provide quality work to all our clients. .
Admissions
Admission and Business Papers
Have you ever had to write an admission essay for college? The majority of students face the same issues when applying to a university or college and many in such situations decide they need professional help to cope with this matter. They get in a situation when the deadline keeps coming closer but lack motivation to start because they are just not sure if their writing skills are strong enough. We have a solution for you! Ace Writing Center is the best admission essay writing service with a large professional team and years of experience in providing high-quality papers to students of all levels and faculties. The mission of our team is to help students make their dreams of entering a good college come true and that’s what we offer!.
Editing
Editing and Proofreading
Sometimes all the words for your paper just flow out of your mind and into your fingers. You type quickly at your keyboard and there they are, your beautiful words right there on the screen. But you have no idea how to polish it up. You may be wishing there was a paper writing service that offered this type of writing service. Look no more! Here at Ace Writing Center, we offer you an editing and proofreading option that you can't find anywhere else..
Coursework
College Essay Writing
In case you are familiar Ace Writing Center, you know the way to distinguish a better company from a cheap one exactly. First of all, poor service website does not have a sufficient support. We think support team is an essential part of success; it has to answer all clients’ questions and be a connecting link between clients and their writers. On our web-service you will get answers about anything you need and your writer will receive all your instructions, assignments and requirements exactly and swiftly. A writing service that we run has got a flexible pricing system that will save you from senseless wastes and many bonus systems that let you sparing money for something important for you.
