RETRENCHMENT STRATEGIES ON JOB SATISFACTION

The Impact of Organizational Retrenchment Strategies on Job Satisfaction



Table of Contents

List of Table4

CHAPTER ONE5

1.0. Introduction and Background to the Study5

1.1. The importance of the study6

1.2. Company Profile:7

1.3. The objective of this study:8

1.4. The research problem and questions8

Research Objectives9

1.5The structure of this study (Small summary of each chapter):9

CHAPTER TWO11

1.0. Literature Review11

1.1. Implementation of Retrenchment11

1.2. Costs and Benefits of Retrenchment13

1.3. Disadvantages of Retrenchment14

1.4. Advantages of Retrenchment16

2.0. Quality of Working Life and Retrenchment17

3.0. Theory of Human Motivation18

3.1. The Basic Needs18

3.2. Further Characteristics Of The Basic Needs23

4.0. Summary29

4.1. Cognitive Processes And Perceived Usefuless30

4.2.Organizational Commitment33

4.3. Commitment Processes34

4.4. Affective Commitment Processes Introduction35

4.5. Attribution36

5.0. Communication Theories40

5.1. Authoritarian Theory40

5.2. Libertarianism or Free Press Theory41

5.3. Social Responsibility Theory41

5.4. Soviet Media/Communist Theory42

5.6. Development Communication Theory42

6.0. Coordination Theory43

6.1. Theory of Productitivity47

6.2. The importance of productivity and competitiveness47

6.3. The Government's five driver framework48

6.4. The importance of productivity and competitiveness49

6.5. The Government's five driver framework50

6.6. Multi-factor productivity51

6.7. The growth accounting framework52

CHAPTER III54

3.0 Introduction54

3.1. Hypothesis54

3.2. Sample54

3.3.1. Instruments57

3.3.2. Research Procedure58

3.4. Data Analysis59

3.5. Questionnaire60

3.6 Pilot Testing61

3.7 Summary: Say a abstract of this section in one paragraph62

CHAPTER FOUR63

1.0. Results63

Effect of Retrenchment on Individual Performance66

1.1. Factors Hindering Employee Performance after Retrenchment67

1.2. Ways of Improving Performance of Employees after Retrenchment68

1.3. The Impact of Retrenchment on Organizational Performance68

1.4. Retrenchment and Quality of Working Life70

1.4.1. Effect of Retrenchment on Employee Work Attitudes70

1.4.2. Salary Package and Meeting Financial Obligations71

1.4.3. Feelings of Job Insecurity72

1.4.4. The Predictors of Job Insecurity in the Public Service after Retrenchment73

1.4.5. Effects of Job Insecurity73

CHAPTER FIVE75

1.0. Discussion, Conclusions And Recommendations75

1.1. Employee Perceptions Regarding Retrenchment75

1.2. Individual and Organizational Performance78

1.3. Organizational Performance Issues80

1.4. Management of Physical Resources like Retooling80

1.5. Quality of Working Life81

1.6. Critique and Suggestions for Further Research82

1.7. External Validity Problems83

1.8. Time Constraints83

References86

Appenix109

List of Table

Table 1: Demographic Information about the Sample69

Table 2: Meaning of Retrenchment to the Survivors72

Table 3: The Impact of Retrenchment on Individual Performance (N = 247)75

Table 4: Factors that Impede Performance of the Survivors76

Table 5: How to Improve the Performance of the Survivors78

Table 6: Effects of Retrenchment on Organizational Wide Factors (N = 247)80

Table 7: Impact of Retrenchment on Organizational Goals, Mission and Values82

Table 8: The Effect of Retrenchment on Motivation and Morale of Survivors83

Table 9: Effect of Retrenchment on Job Satisfaction of Survivors84

Table 10: Effect of Retrenchment on Organizational Commitment85

Table 11: Present Salary Package85

Table 12: Satisfaction with Salary86

Table 13: Ability to Meet Financial Obligations87

Table 14: Job Insecurity among Participants87

Table 15: Reasons For Feeling Insecure88

Table 16: Discriminant Analysis Regarding Predictors of Job Insecurity90

Table 17: Effects of Job Insecurity on Public Officers91

CHAPTER ONE

1.0. Introduction and Background to the Study

The reason of this study is to find out the Impact of organisational retrenchment schemes on job satisfaction. In today's highly comparable market, the world has altered considerably due to diverse financial happenings which have initiated businesses to augment exponentially, advancing their organisational structure dramatically. Many organisations faced foremost trials which compelled the organisations to change in alignment to contend with the external natural environment, for example more requiring directions and guidelines, moving market tendencies, organisations consolidation advances and new technological ...