Current economic conditions and conquering workrelated fears Employee satisfaction during times of uncertainty

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Current global economic crisis has greatly affected employee satisfaction in many organizations hence declining their performance and ability to cater for their personal expenses. Organizations are currently reducing remunerations to their employees without considering its effects to their personal lives and motivation to work hard. Many organizations have also withdrawn employee benefits such as bonuses, promotions and commissions creating work related fears among employees (Rorty, 2010). This fear among employees, especially during times of economic uncertainty, is not healthy to business performance, and need immediate attention to ensure that business organizations survive the crisis without losing their workers. Kenneth E. Strong Jr. and John A. DiCicco identified three building blocks to overcome fears, namely, “Authority, Responsibility, and Accountability”. They actually make a good leader out of a person not just to think and do what is right for one’s self but also for others.