This thesis found, after IMF, how job insecurity which financial business employees in Korea have perceived affects to personal and organizational dimension. Also this thesis investigated the causes and effects of job insecurity with the use of a new ...
This thesis found, after IMF, how job insecurity which financial business employees in Korea have perceived affects to personal and organizational dimension. Also this thesis investigated the causes and effects of job insecurity with the use of a new theory-based measure incorporating conceptual arguments. The measure, JIS, is developed by Ashford and his colleagues. I defined the antecedents of job insecurity including organizational changes, role ambiguity, role conflict, and locus of control and the outcomes of job insecurity including job satisfaction, organizational commitment, job commitment, and turnover intention.
Total 423 data to find out the relationship of variables were collected from 21 financial companies in Korea, including banks, security corporations, investment trust companies, and insurance companies etc. Consequences analysing these data comprehensively reflected the influence of perceived job insecurity of organization members in financial businesses.
The results of this thesis are following; At first, antecedents of job insecurity including organizational changes, role ambiguity, role conflict, and locus of control were supported. Consequently, all antecedent variables were significantly related to perception of job insecurity of financial business employees. This result means that employees perceive the greater job insecurity when the number of anticipated organization changes increases, the perceived role ambiguity and the perceived role conflict are greater than ever before, and the character of employees is external. Second, the outcomes of job insecurity including job satisfaction, organizational commitment, job commitment, and turnover intention were also supported. That is, all outcome variables were significantly related to perception of job insecurity of financial business employees. This result means that the greater the perceived job insecurity is, the lower job satisfaction, organizational commitment, and job commitment, and the higher turnover intention are. The results of this thesis demonstrated that, after IMF crisis, strongly accomplished restructuring not only made various social problems such as excessive unemployment, but also caused the negative influence to retained organization members through the job insecurity. Finally, based on this research, most organizations including financial business will have to make efforts to eliminate the negative effects through finding out the way to reduce the perception of job insecurity of their members.