The Ubiquitous Effects Of Financial Stress During Pandemics And Beyond: Opportunities For Industrial And Organizational Psychology

[ ]employees in jobs deemed “essential” may not have the opportunity to physically quarantine and may simultaneously experience heightened worries about adjusting to schedule (e g , increased child care costs due to increased working hours), payment (e g , organizational pay cuts), and budgetary changes (e g , purchasing protective gear and stocking up on home essentials) [ ]in addition to the many important opportunity areas highlighted in the focal article, it is crucial for researchers and practitioners to directly examine financial stress during a pandemic and incorporate financial stress into considerations of occupational health and safety, job insecurity, precarious work, job search, telecommuting, work–family interface, the aging workforce, career decisions, and work recovery topics [ ]this work proposes opportunities to apply financial stress to I-O psychology domains both during the pandemic and outside those experiences Conversely, financial stress may make it more difficult for employees to engage or produce at work [ ]it is of crucial importance for I-O psychologists to directly consider how financial stress shapes employees’ opportunities, experiences, and decisions during pandemics and beyond [ ]if people look for jobs at this time, the job search process may be impeded if job seekers experience high financial strain (Dahling etal , 2013) while organizations are enacting hiring freezes due to their own financial concerns