Paper Title
Subjective Well- Being Effects of Job Insecurity

Abstract
While “downsizing” can decrease organizations’ costs seemingly, it may negatively affect organizations in other ways. Job insecurity (JI) has been considered as one of the likely outcomes of downsizing, which harms health and wellbeing of employees even more than unemployment. Spite of its significance, little is known regarding the negative impact of JI on employees’ subjective well-being (SWB). Therefore, this study aims to examine the SWB effects of JI in general, as well as hedonic balance and life satisfaction effects of JI in particular. A sample of 187 frontline employees was selected from five star hotels in North Cyprus. Multiple linear regressions using Amos.24 were applied to show the validity and reliability of measurements, and to test the hypothesis. The results of the current study showed that SWB negatively affected by JI as part of employees health condition, which is consistent with transactional stress theory. Job insecurity should be a point of intervention for managers’ strategies and policies aimed at improving employees’ health. Life satisfaction and hedonic balance as measures of SWB have significant contributions in employees’ health condition. Improving employees’ health may be one means by which organizations can improve the SWB of their employees. Managers with responsibilities to guarantee employees’ health in the workplace need information that helps to reduce the negative impact of JI. Further research is required to see how closely associated are other potential physical and psychological consequences of JI which effect on employees health negatively, also searching for suitable coping strategies strongly is recommended. Key words - Job Insecurity, Subjective Well-being, Hotel Industry, North Cyprus