Abstract
This chapter considers the impact of changes in economic factors on wellbeing and work-life balance [WLB]. As yet, little research has explored any direct effects of austerity measures on WLB, although there is some evidence that work-related stress, mental health problems and work-life conflict have increased over time. This chapter reviews research examining the work-related wellbeing of employees in the UK and other countries. More specifically, it considers how features of the economic downturn, such as the intensification of work, increased job insecurity and concerns about financial hardship, can threaten the wellbeing of employees and their families. The implications of flexible working practices and technological change, which have increased during the financial downturn, for recovery processes, work-life balance and health in times of austerity are also considered. The potential for high levels of work involvement and commitment to exacerbate the negative impact of the financial downturn is explored. Of particular concern is the growing evidence that some employers and employees are deprioritising work-life balance and wellbeing in response to financial pressure and job insecurity in spite of the potentially serious costs for health, personal relationships and job performance over time. Some evidence-based interventions that have the potential to protect work-life balance and wellbeing during times of austerity are highlighted. Priorities for future research in several areas are identified, but a particular need for longitudinal data to establish a firm link between recession-led changes and organisational policies and practices, positive and negative work-life and wellbeing outcomes is emphasised, together with the need to carefully evaluated targeted interventions.
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