The Effect of Financial Stress and Affective Job Insecurity on Hotel Employees Life Satisfaction: A Research Conducted During the Covid-19 Pandemic

Abstract

Purpose – The Covid-19 pandemic is a global health issue and a devastating factor for many industries. The tourism sector is among these industries, seriously affected by the pandemic. During defining and examining the current situation of tourism employees, working in the tourism industry is important for both the future of the sector and social welfare. This study aimed to examine the effect of financial stress and affective job insecurity levels of hotel employees on their life satisfaction during the Covid-19 pandemic process. Design/methodology/approach – For this purpose, the literature was examined, variables are explained and hypotheses are proposed considering the relations among the variables. In order to test the hypotheses, a survey was conducted with the participation of 391 five-star hotel employees in Antalya. The simple sampling method was preferred among the improbable sampling techniques. Findings – It was found that financial stress and affective job insecurity have a negative effect on life satisfaction. In addition, it has been observed that the financial stress and affective job insecurity levels of the employees are high, and their life satisfaction is moderate or even close to low levels. Discussion – Being under financial stress and perceiving affective job insecurity reduces life satisfaction. Besides physical and mental health is also important. Other business alternatives are extremely scarce during the pandemic period, it is natural for hotel employees to be concerned about the loss of financial stability/loss of income necessary to provide for themselves. In addition, important duties fall on the relevant authorities and the whole society in order to end the pandemic. After the pandemic, it will be correct to follow appropriate policies by looking at the relationship of the variables discussed in the study.