Abstract

PURPOSE: The aim of the paper is to determine the impact of insolvency of one company from Poland on job and wage satisfaction (as well as the individual perception of the situation of the employee, company and region) among a group of former employees of this insolvent company who became employed by a new employer. DESIGN/METHOD: Conducted research entailed collecting survey data from two groups of employees working at the same company: one group with the experience of company insolvency and a group of employees without such an experience. Data analysis involved the Pearson’s chi-square test of independence and Cramér’s V, as well as Shapiro-Wilk test for normality employed to compare distributions of answers in both analyzed groups. RESULTS/FINDINGS: Conducted analysis confirmed the existence of the relationship between the experience of company insolvency and job and wage satisfaction. Individuals that experienced insolvency of their former employer revealed significantly higher job and wage satisfaction than others. These individuals were also less willing to look for another job, felt appreciated at work and were more optimistic about career perspectives after reemployment. Besides, significant differences between distributions of answers in both analysed groups were observed: for the group of employees with the experience of company insolvency the null hypothesis of normal distribution of answers was rejected for the majority of variables, while in the other group only for one variable. ORIGINALITY/VALUE: It is the first study that analyses the impact of company insolvency on individual perceptions and job and wage satisfaction within a group of former employees that were later employed (as a group) by a new employer. KEYWORDS: insolvency, bankruptcy, job satisfaction, wage satisfaction. JEL: J28, J63, J65

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