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Journal cover: Journal of Managerial Psychology

Journal of Managerial Psychology

ISSN: 0268-3946

Online from: 1986

Subject Area: Human Resource Management

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Employability, well-being and job satisfaction following a job loss

Document Information:
Title:Employability, well-being and job satisfaction following a job loss
Author(s):Mary A. Gowan, (Department of Management, Martha and Spencer Love School of Business, Elon University, Elon, North Carolina, USA)
Citation:Mary A. Gowan, (2012) "Employability, well-being and job satisfaction following a job loss", Journal of Managerial Psychology, Vol. 27 Iss: 8, pp.780 - 798
Keywords:Careers, Employability, Job loss, Psychological well-being, Quality of life, Reemployment, Unemployment
Article type:Research paper
DOI:10.1108/02683941211280157 (Permanent URL)
Publisher:Emerald Group Publishing Limited
Acknowledgements:The author thanks Steve Tate for his assistance in data collection and the Belk College of Business Administration at the University of North Carolina at Charlotte for providing funds that supported a portion of this research. Additional thanks go to Ron Karren and the two anonymous reviewers for their excellent feedback on earlier versions of this paper.

Purpose – This paper aims to investigate changes in psychological well-being over time for individuals who experienced a career disruption in the form of a company closing, and to examine the relationships between employability, well-being, and job satisfaction. It seeks to expand on previous work of job loss relative to the long-term impact of the experience and on Fugate et al.'s psycho-social conceptualization of employability.

Design/methodology/approach – Data were collected at the time of job loss (T1) and six years later (T2). The 73 respondents at T2 represent a stratified random sample of the T1 respondents. Hypotheses were tested with paired sample t-tests and hierarchical multiple regression.

Findings – Results indicate that the negative psychological impact of job loss diminishes over time. Additionally, employability predicted well-being and job satisfaction.

Practical implications – The results of the study provide guidance for the design and administration of outplacement and related programs that focus on increasing employability and psychological well-being, and suggest ways that individuals can shield themselves from the negative consequences associated with a job loss.

Social implications – The results have policy implications for the design of government funded outplacement and retraining programs.

Originality/value – The paper is the first to examine job loss over a six-year period of time, and the first to examine the impact of employability attributes on multiple indicators of well-being and on job satisfaction in the job loss context.

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