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Business managers' work value changes through down economies

Business managers' work value changes through down economies Purpose – The purpose of this paper is to investigate changes in the relative importance to individuals of particular work values during the deterioration of external economic conditions. Design/methodology/approach – The paper employed longitudinal field survey techniques, comparing the change relative work value priorities at an initial and two subsequent points in time during dramatic economic swings in Hong Kong. The paper also evaluate needs hierarchies such as Maslow's and Elizur's, minimally adjusted for a Chinese cultural context for a theoretical framework for assessing the shifting importance of work values resulting from changing local economic conditions. Findings – The major contribution is the finding of statistically significant changes in the differing importance to individuals of particular work values during the deterioration of external economic conditions. The paper demonstrates that the needs hierarchy theories provide an appropriate framework for the shifting importance of work values resulting from local economic conditions. Research limitations/implications – The paper is in a single location, limiting generality of the results. All longitudinal studies are affected by panel attrition. Replication with larger samples and tracking of panel drop‐outs are needed for theoretical development. Practical implications – These results have crucial implications for the effective management of business firms and their human resources in changing economic conditions, finding that work values of managers are not invariant but change with conditions. Originality/value – The majority of studies on work values of employees have been performed, analyzed, and interpreted in a vacuum, in isolation from consideration of critically import variables, the current, historical, and expected future economic environment of the employee. The paper finds work values change due to environmental circumstances; this effect has rarely been studied. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Chinese Human Resource Management Emerald Publishing

Business managers' work value changes through down economies

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Publisher
Emerald Publishing
Copyright
Copyright © 2010 Emerald Group Publishing Limited. All rights reserved.
ISSN
2040-8005
DOI
10.1108/20408001011051197
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to investigate changes in the relative importance to individuals of particular work values during the deterioration of external economic conditions. Design/methodology/approach – The paper employed longitudinal field survey techniques, comparing the change relative work value priorities at an initial and two subsequent points in time during dramatic economic swings in Hong Kong. The paper also evaluate needs hierarchies such as Maslow's and Elizur's, minimally adjusted for a Chinese cultural context for a theoretical framework for assessing the shifting importance of work values resulting from changing local economic conditions. Findings – The major contribution is the finding of statistically significant changes in the differing importance to individuals of particular work values during the deterioration of external economic conditions. The paper demonstrates that the needs hierarchy theories provide an appropriate framework for the shifting importance of work values resulting from local economic conditions. Research limitations/implications – The paper is in a single location, limiting generality of the results. All longitudinal studies are affected by panel attrition. Replication with larger samples and tracking of panel drop‐outs are needed for theoretical development. Practical implications – These results have crucial implications for the effective management of business firms and their human resources in changing economic conditions, finding that work values of managers are not invariant but change with conditions. Originality/value – The majority of studies on work values of employees have been performed, analyzed, and interpreted in a vacuum, in isolation from consideration of critically import variables, the current, historical, and expected future economic environment of the employee. The paper finds work values change due to environmental circumstances; this effect has rarely been studied.

Journal

Journal of Chinese Human Resource Management – Emerald Publishing

Published: Apr 2, 2010

Keywords: National economy; Recession; Hong Kong; Employee behaviour; Human resource management

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