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  • Publish Date: 3 January 2021 - 12:31
  • News Code: 5520
  • Visit Count: 323

    • Employees are more resilient in times of morale!

    When graduates entered the job market in 2009, 2010, and 2011, the prospect of hiring them was disappointingly out of reach. Unemployment was high and employment was very low. Nine months after graduation, only 56% of 2010 graduates found work. Many of those who found work also found part-time jobs for which there were no […]

  • Publish Date: - 12:31
  • News Code: 5520
  • Visit Count: 323
    • When graduates entered the job market in 2009, 2010, and 2011, the prospect of hiring them was disappointingly out of reach. Unemployment was high and employment was very low. Nine months after graduation, only 56% of 2010 graduates found work. Many of those who found work also found part-time jobs for which there were no benefits and basically did not require a university degree. This professional experience at the beginning will usually have lasting negative consequences for future professional success. For example, people who were hired during a recession would earn less than those hired during the boom, even those who would be hired decades later. At the same time, they have to work for smaller, less reputable, lower-paying companies. The same pattern applies to those at the top of the organization: CEOs. Recession-time graduates who become CEOs are often content with the CEOs of smaller, less credible companies than their peers hired during the economic boom. It has other amazing positive effects on people’s working lives. People who enter a job during a recession are more satisfied with their job than those who graduate during an economic boom. For example, in one study, I examined the job characteristics of 1,638 people over 15 years. Although recessionary graduates earn less than those who started their careers at a better economic time, they were significantly more satisfied with their jobs, both in the early stages of their careers and in the years that followed. This result has nothing to do with different industries or job choices. Recessionary graduates have a more positive and much more satisfying view of their job. Instead of always worrying about insecurity and what will happen, they focus more on the positive aspects of their job and are grateful for the job they have. On the other hand, people who started their careers during the boom were more likely to fall into the trap of remorse, judging others, and what if they were caught. Entering the labor market during a recession seems to affect not only how people think about their jobs, but also how they view themselves. One of the criteria for self-focus is narcissism, which means believing that a particular person is unique and deserves to get good results. Being like this in the workplace can be costly. Selfish people tend to focus only on their own interests, even if it hurts others. They are also more likely to get angry and violent, and they steal more than their employers and shareholders. One of the reasons that recessionary graduates are less likely to express a sense of self-aggrandizement is that narcissism seems to be equated with misery and failure. People who start their careers during a recession often find it more difficult to find a job and find it more difficult to find a job. Many of them are forced to return home, either take a job that does not require a university degree, or turn to part-time jobs. While such challenges can make it more difficult for individuals to achieve their independence and build a professional future, it is also likely to prevent them from developing false arrogance. I ran experiments to see if graduating during a recession really moderated narcissism, and I used existing samples from 30,000 Americans. The result was that people who reached adulthood in the worst economic conditions were less likely to be narcissistic than those who reached adulthood. Similar effects were observed among CEOs. Corporate leaders who started their careers at a difficult economic time were less narcissistic than CEOs who started their careers at a better economic time. If entering the labor market during a recession affects people’s sense of self-aggrandizement and right to self-determination, can this affect their willingness to engage in unethical business practices? Some evidence suggests that this is possible. Research has shown that narcissists are more likely to engage in immoral behavior, destroy their co-workers, and justify white-collar faults. Given that graduates of the recession are less likely to be narcissistic, are they less likely to violate ethics and the moral red line? My co-worker Aaron Moliere and I found that CEOs who first started their careers in worse economic conditions were less likely to make immoral, illegal, or unconventional choices in the late 1990s and early 2000s. So recessionary graduates are not only less likely to see themselves as an important figure who deserves to be the center of attention and reward, but they are also less likely to engage in behaviors that cost them more than hitting the organization. Raise.

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