The impact of financial crisis on employee relationships in the workplace

Abstract

The issue of this study is the impact of financial crisis on employee relations in the workplace. Industrial relations are a major business issue and can be one of the factors that will affect their profitability. When negative situations occur in the workplace due to deregulation of labor relations, employee performance is not desirable. Labor relations are largely linked to job satisfaction. If the employee feels satisfied with his / her job, then he / she are more productive and actively contribute to the development of the company that works. This work will try to highlight the direct connection between labor relations and the current economic crisis. This research applies a critical literature review and empirical survey as methodological approach, via a qualitative and quantitative data analysis and reaches several important conclusions that link labor relations to all their manifestations at a time when the economic crisis is the main feature.

Keywords: employee relations, workplace, financial crisis, psychological contract