Survivors: A study on the perceptions and behaviors of employee on retrenchment

• Main Authors: Gan, Hazel Valerie T., Rodriguez, David Lloyd M., Tolentino, Michelle A.
• Format: text
• Language: English
• Published: Animo Repository 2001
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/17183
• Institution: De La Salle University

This study focused on the consequences of retrenchment on the perceptions and behaviors of survivors to two downsized banks in Metro Manila. It utilized a descriptive design and made use of face-to-face interviews with two key informants (KI) and 16 respondents. Respondents were chosen using a non-probability sampling method, specifically, purposive sampling. An interview guide was used for the in-depth interviews conducted with the 16 respondents, a topic guide on the other hand, was used with the 2 KIs. Answers of the 16 respondents were then classified, afterwards tabulated. From the data, respondents' job security exhibited the biggest decline after retrenchment, followed by a decline in respondents' morale. Work performance, as perceived by the respondents, was not affected. To address the negative consequences of the retrenchment, the 2 banks and the respondents have employed certain coping strategies. Various training and seminars to help respondents deal with the post-retrenchment changes was most cited as the organization strategy provided by the management, while exchange of verbal encouragement among co-workers was the most mentioned coping strategy in dealing with the changes after retrenchment by the respondents. Despite all the transitions that have resulted from the retrenchment, respondents still focused on the favorable changes.