Managerial Unemployment: A Snapshot of the Hidden Devastation

Abstract

An exploratory pilot study on the effects of unemployment on Australian managers. In-depth interviews with 5 long term unemployed managers, 4 men one woman. All had previous stressful jobs and stress increased to when they left, all experienced relief of initial release from work. However, over time their stress increased to high levels again. Emotions of anger - towards government bodies, the lack of assistance, entrenched ageism; fear about financial hardship and depression regarding loss of status, led to use of alcohol as self-medication, over-eating and long term sleep problems. Advice to others were; to realize that 6 months of unemployment meant drastic action in order not to be labeled as a loser and stay in employment until next job is secured.