Fired managers: Experiences from their own unemployment

This paper purports to enhance the understanding of stress and its effects on unemployed executives. The idea that unemployed managers perceive and confront stress differently from their employed colleagues is addressed. A sampling of 32 unemployed executives and managers was taken using The Stress Profile, to survey reasons for stress, coping ability, and response to stress. The profiled samples were then compared to a comparison group of 367 employed managers. The results showed that unemployed managers, when compared to their employed associates, tended to have less desireable family situations, more worries about finances, decreased perception of self and self-coherence, decreased coping ability, and heightened emotional and behavioral reaction to stress. The conclusion was that when dealing with stressors, unemployed managers experienced a decreased sense of psychological well-being and coping abilities as compared to employed managers.