Crisis-induced financial anxiety, social support, socio-psychological wellbeing, and commitment to work in the tourism sector
Development Southern Africa
; 2023.
Article
in English
| Scopus | ID: covidwho-2212260
ABSTRACT
Understanding the causal influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators amongst crisis-induced redundant tourism employees remains limited. Using data collected from 547 COVID-19-induced redundant tourism employees, this paper examines the influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators. The findings reveal that financial anxiety has a negative influence on social support and social and psychological wellbeing. Social support has a negative influence on social wellbeing, while social support has a positive influence on future work commitment. Both social and psychological wellbeing has a negative influence on future work commitment. Meanwhile, the influence of financial anxiety on future work is fully mediated by social support and socio-psychological wellbeing. Insurance uptake and establishment of welfare funds amongst tourism employees can be used to buffer the effects of financial anxiety on future work commitment. © 2023 Government Technical Advisory Centre (GTAC).
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Language:
English
Journal:
Development Southern Africa
Year:
2023
Document Type:
Article
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