According to the United States Department of Labor, Americans, today, are more concerned about job security than they are about the nation’s security, war on terror, healthcare, or education. Our sense of well-being is anchored in the ability to perform a job that enables us to provide for our families and ourselves; a job that we can depend on. At the beginning of the current economic crisis, the Bureau of Labor Statistics announced that 10 million Americans were unemployed, 2.6 million jobs were lost in 2008 alone, and the first quarter of 2009 was expected to be much worse. We look at the situation now and see that some of the forecasts held true as we entered into what has been called the worst economic recession since the Great Depression. These shocking statistics are also quoted in the Wall Street Journal, The Economist, and Business Week.
Layoffs are a natural response for employers as they struggle to sustain in the face of this heightened recession. Many people have lost trust in the institutions that are supposed to provide a healthy level of stability and certainty in our lives—our government, our banks, and the companies we work for. We are living in an anxious world, as employers and employees. Unfortunately, sustained levels of anxiety make it harder for people to concentrate and process information, significantly hindering job performance. Anxiety is also infectious, particularly in the workplace, where one employee’s feelings of job insecurity can escalate to collective hysteria. Read More