Abstract
Workforce ageing and the need to work longer implies several challenges worldwide. Due to the potential for career prolongation, one such implication is to understand how age and perceived employability buffers relationship effects between job insecurity and job satisfaction. Therefore, this research aims to investigate the moderating roles of perceived employability and age on the relationship between job insecurity and job satisfaction. Hypotheses were tested using a three-way interaction model based on a cross-sectional design with a representative sample of 1,116 Chilean workers. Results show that age plays an important role in employees with high perceived employability; however, it has no effect on employees with low perceived employability. Younger workers with high perceived employability suffer less than do older employees with high perceived employability in terms of intrinsic job satisfaction. From a theoretical point of view, perceived employability in older workers does not reduce the unfavorable consequences of job insecurity. Regarding practical implications, organizations should manage and develop older workers by focusing on intrinsic aspects of their careers and on retirement preparation, as this will improve control and other positive resources in this population.
Highlights
Over the last quarter of the 20th century and the first decades of the 21st, there has been a radical shift in working environments from secure to insecure due to unprecedented transformations in demography, labor market, technology, economy, and politics
The results obtained by hierarchical multiple regression, after controlling variables at step 1, indicated that job insecurity was negatively related to intrinsic (β = −0.28; p < 0.001) and extrinsic job satisfaction (β = −0.38; p < 0.001)
In hypotheses 2 and 3, perceived employability and age was expected to moderate the relationships between job insecurity and intrinsic and extrinsic job satisfaction
Summary
Over the last quarter of the 20th century and the first decades of the 21st, there has been a radical shift in working environments from secure to insecure due to unprecedented transformations in demography, labor market, technology, economy, and politics. Insecurity regarding the future of work is demonstrably increased (Benach et al, 2014), and many factors compound the risk of job insecurity, e.g., high-to-low shifts in mortality and fertility, which have accelerated the ageing of world populations (Andreev et al, 2013). Job insecurity has been shown to impact individual behavior, well-being, and work attitudes (Sverke et al, 2006). Negative consequences of job insecurity include, for instance, increased burnout (Aybas et al, 2015), decreased well-being (Berntson et al, 2010; Green, 2011), and life satisfaction (Silla et al, 2009; Sora et al, 2010). Job insecurity has been shown to be related with. The present research focuses on the above relationship, testing the moderating role perceived employability and age play in this relationship
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