Workplace financial transparency and Job distress
Hui Zheng1, Jacob Tarrence1, Vincent Roscigno1
1Ohio State University, USA.
Social Science Research
|March 3, 2021
Summary
Managerial financial transparency reduces job distress by fostering trust and communication. This effect is stronger in non-unionized workplaces and mediated by supervisory support, job security, and commitment.
Area of Science:
- Organizational Psychology
- Sociology of Work
- Business Management
Background:
- Social scientists examine organizational culpability, workers' rights, and workplace equity.
- Managerial financial transparency is a key factor influencing employee well-being.
Purpose of the Study:
- To investigate the relationship between financial transparency and job-related distress.
- To explore mediating and moderating roles of organizational dynamics like managerial relations.
Main Methods:
- Hierarchical analyses using 2011 British Workplace Employment Relations Survey data.
- Analysis of nearly 20,000 workers across over 2,000 workplace establishments.
Main Results:
- Managerial communication and trust in financial transparency significantly reduce job distress.
- This ameliorating effect is robust and stronger in firms with limited collective bargaining.
- Positive supervisory appraisals are a primary mechanism, with job security and commitment playing a secondary role.
Conclusions:
- Financial transparency, coupled with effective communication and trust, is crucial for mitigating job distress.
- Social-interactional factors are more influential than purely financial considerations in reducing workplace distress.
Related Concept Videos
02:45Self-Discrepancy Theory
18.6K
One influential perspective on what motivates people's behavior is detailed in Tory Higgin's self-discrepancy theory (Higgins, 1987). He proposed that people hold disagreeing internal representations of themselves that lead to different emotional states.
18.6K
01:26Equity Theory
114
Equity theory explains how our sense of fairness influences the dynamics of close relationships. Rooted in social psychology, the theory posits that individuals evaluate fairness by comparing the ratio of their contributions to the rewards they receive. Relationship satisfaction is highest when these ratios are perceived as balanced between partners, promoting mutual reciprocity and a sense of justice.Equity vs. Equality in RelationshipsEquity is distinct from equality. Fairness does not...
114
01:30Stress and Mental Health
331
Chronic stress profoundly affects mental health, significantly influencing mood, behavior, and overall quality of life. Research closely links chronic stress with mental health conditions such as depression, anxiety, and substance use disorders. Ongoing exposure to stress can lead to physiological and psychological changes, initiating a cycle of emotional distress and maladaptive coping mechanisms.
Individuals with depression often experience challenges in both their personal and professional...
Individuals with depression often experience challenges in both their personal and professional...
331
01:29Self-Discrepancy and Its Effects
131
Self-discrepancy theory explains how people compare their actual self to their ideal and ought selves and how mismatches between these self-guides can lead to emotional distress. Developed by E. Tory Higgins, the theory distinguishes among three components of self-concept: the actual self, the ideal self, and the ought self. These refer respectively to how individuals perceive themselves, how they aspire to be, and how they believe they are obligated to be. Emotional well-being, self-esteem,...
131
01:28Compensation Mechanisms
1.6K
The human body employs intricate mechanisms to counteract changes in blood pH, preventing conditions like acidosis (pH < 7.35) and alkalosis (pH > 7.45). These compensatory responses aim to restore normal arterial blood pH by engaging respiratory or renal systems, depending on the source of the imbalance.
Respiratory Compensation
This mechanism addresses metabolic-induced pH imbalances by adjusting breathing rates. Respiratory compensation begins within minutes of detecting a pH...
Respiratory Compensation
This mechanism addresses metabolic-induced pH imbalances by adjusting breathing rates. Respiratory compensation begins within minutes of detecting a pH...
1.6K
01:20Psychological Responses to Stress
322
Psychological responses to stress encompass the various cognitive and emotional reactions individuals experience when faced with challenging or threatening situations, such as a job loss. Prolonged exposure to stressors can disturb emotional balance, increasing negative emotions (e.g., anxiety and sadness) and diminishing positive emotions (e.g., joy and satisfaction). These persistent emotional shifts are associated with an increased risk of both physical illness and mental health issues, such...
322