June 2017 Factors
June 2017 Factors
June 2017 Factors
The study endeavors to explore the factors that arise due to job stress in
the private banking sector of Bangladesh. A total of 300 questionnaires
was distributed out of which 246 were returned back after filling. In data
collection, this study used convenience sampling technique. Data were
collected using both primary and secondary sources. Primary data were
analyzed using the sophisticated statistical technique “Factor Analysis”
(Principal Component Analysis). The study has revealed five dimensions
of the impact of job stress based on the factor loadings named as: burn-
out, job satisfaction, turnover intention, organizational commitment,
and job pressure. An important implication of the study is that burnout
is the most significant outcome of job stress in the banking sector. The
theoretical implication of this study will be beneficial for the banking
sector for understanding the factors that are causing the stress among
employees and how to get rid from this evil of stress to improve employee
satisfaction, performance and commitment. Recommendations and
future research directions were also discussed.
Key words: Stress, Stress management, Work life conflict.
According to Hans Selye (1976), Stress results into role ambiguity which arises
is the non-specific response of the body when there is conceptual discrepancy
to any demands made upon it. It is an in the required job tasks and the
internal response where continued and content performed, employees are not
prolonged stress may result in fatigue awaked about their role requirements,
and tension leading to depression and lack sound direction, may not have
anxiety (Selye, 1946). Robbins (2001) enough information to full fill the role
defines stress as a dynamic condition in requirements due to which employees
which the individual is confronted with misadjust in the organization‘s complex
an opportunity, constraint or demand structure (Moncrief et al., 1997;
related to what he or she desires and Shropshire&Kadlec, 2012; Michael,
for which the outcome is perceived to Court & Petal, 2009).
be both uncertain and important. The
factors causing stress in a person are Stress often decrease the
called stressors. Stress can be caused bankers’ performance, due to a lack
by environmental, organizational and of administrative support from the
individual variables (Matteson and manager, work overload and time
Ivancevich, 1999). constrictions, the increased risk factor
of the job, poor relations with the
Previous studies have established customers as well as co-workers, and
the turnover, absenteeism, indifference the balance between their work and
or sickness would follow from their family- all of these being important
experienced tension and adjustment on factors which determine a decrease in
the job (Kahn et. al, 1964). The effects of employee performance (Shakid, M. et
occupational demands become manifest al, 2012, 38). Bank managers often fail to
in such forms like job dissatisfaction, realize the impact of stress on employee
anxiety, depression, and in some cases performance which ultimately results
even serious mental and physical in critical managerial dilemmas (Subha
disabilities ranging all the way to heart I. & Ahmad, S., 2009, 468), particularly
diseases (Jagadish,1987). Felt Stress since “with excessive pressures, the
and low organizational commitment job demands cannot be met, relaxation
contributed to voluntary turnover turns to exhaustion and a sense of
(Parameswaran S. & Alutto J. A., 1984). satisfaction replaces with the feelings of
It is also found that stress reduces one’s stress, motivation sheds away and the
potentiality to perform and Stressors workers start losing interest in the work
in the work environment are much and hence performance chart shows a
less potent than those encountered in negative trend.” (Babak M., Shabbir H.
personal life (Sayeed O.B., 1985;Paykel & Niaz M., 2010, 68).This research can
E.S, Prusoff B. A. & Uhlenhuth, be a significant implication for retaining
M.1971). The state of Role conflict and maintaining the performance of the
2017 Sharmin Akther, Silvia Akter, Md. Kafil Uddin 3
respective banks.” The reason behind (1998) considered in his study “it can
the less performance is often stress. also be labeled as the harmful physical
Therefore, in the given circumstances, and emotional responses that occur
the employment of an individual could when the requirements of the job do
be a major source of stress (Anderson et not match the capabilities, resources, or
al., 2002). Therefore, when individuals needs of the workers. Job stress can lead
fail to cope with stress and face pressure to poor health and even injury”. However
as a result of various states of their Physiological stress is viewed in the
occupation, it results into burnout. form of Muscle cramps, migraine, back
pain, head ache, disturbance of sleep,
Although stress is always being heart palpitations, routine disorder
discussed in a negative perspective, of drinking and eating, insomnia,
it also has some positive influence. gastrointestinal disorders, coronary
According to Golembiewski et al., (1986) heart failure, fatigue and exhaustion
positive stress or healthy stress is known (Gaither et al., 2008, Lawrence and
as ‘eustress’. Moderate stresses (healthy) Kacmar, 2012,Brief and Weis,2002).
offers employee new awareness,
opportunity and new perspective to gain Burnout, identified by Michailidis
or complete the task (Xie and Johns, and Georgiou (2005) as “these happen
1995). At times stress can also be act as when we are faced with constant stress
motivators for employees for achieving (due to the enduring features of our
their best. Conversely, according to social, personal and organizational life
Quick et al., (1986) and Xie and Johns circumstances), with no escape and
(1995) negative stress is known as can lead to exhaustion”. Burnout may
‘distress’ and it occurs when one is be injurious or even dangerous both
lagging or stagnated or feel depressed, physically and mentally.
distrust and unable to cope up with
the overwhelming work demand and People try to cope up with stress in
pressure. As increasing evidence (Jick a different way in a different situation.
and Mitz, 1985; Lazarus, 1991; Ismail An interesting view was expressed by
et al., 2009) suggests high levels of Michailidis and Georgiou (2005) that
stress adversely affect physical as well “coping with stress is multidimensional,
as psychological health of an employee and depends not only on situational
which eventually comes up with some factors, but also on the appraisal of
negative results like absenteeism, the situation by the individual under
high turnover, low commitment, low stress”. According to Krumm (2001)
performance, emotional frustration both organizational and individual
and even a career change. For the job circumstances should take into
environment, occupational stress is consideration for stress management.
considered as harmful factor. As David
2017 Sharmin Akther, Silvia Akter, Md. Kafil Uddin 5
or post graduate employees who were name of the bank, and the level of
considered as icons in the concerned management. All of these constructs
positions of those organizations. in the questionnaire survey were
Respondents were assured that measured against 7 point Likert-type
information will be kept confidential scale (1= strongly agree to 7= strongly
and used only for academic purpose. disagree).In this study, “Factor Analysis”
(Principal Component Varimax Rotated
Data Collection Factor Analysis Method) was used to
Primary and secondary data were reveal the major dimensions of job
used for the study. Primary data were stress.
collected through the printed survey
questionnaires followed by direct Research Procedure
personal visit. Around 246 usable As per the convenience sampling
responses (82%) were received from technique, 300 respondents were
300 respondents who were working selected from Dhaka and Chittagong
at different private commercial banks city in Bangladesh. The questionnaire
in Bangladesh. The secondary data was circulated among the respondents;
were collected from journals, books, who were also told about the intent and
magazines, websites, and so on. scope of the study so that they appear
confident and logical while solving the
Survey Instrument questions. A sum of 246 respondents
The survey instrument was observed as authentic while the
(questionnaire) was administered among rest were discarded due to incomplete
the respondents in the different private responses. SPSS software, version 17,
commercial banks of Bangladesh. A was used for further necessary analysis.
38-item questionnaire was designed by
the researchers to gather primary data Reliability Analysis
in the present study. The questionnaire
Reliability reflects the consistency
had two different parts whereby 1st part
of a set of items in measuring the study
comprised of variables like- job demand,
variables/concepts (Cooper & Schinder,
work life conflict, job performance,
2001). It illustrates the individual
burnout, turnover intention, job
differences concerning the amount
satisfaction and job; while the 2nd part
of agreement or disagreement of the
of the questionnaire included the
concepts or variables studies (Malhotra,
information of respondents like gender,
2002). Cronbach’salpais most widely
age, education, status, children, number
used method to measure the reliability
of children, years of experience, years
of the scale (Cooper & Schinder, 2001;
worked at the present organization,
Malhotra, 2002). It may be mentioned
highest educational attainment,
that Cronbach’s alpha value ranges
2017 Sharmin Akther, Silvia Akter, Md. Kafil Uddin 7
demonstrate evidence for the construct Impact of Job Stress in Privatized Banks
validity of an instrument. Factor of Bangladesh
analysis is a method of reducing a large
Thirty eight items (Annexure-1)
number of variables (tests, scales, items,
of job stress identified were taken into
persons, and so on) to a smaller number
consideration for generating more
of presumed underlying hypothetical
effective dimensions of job stress in
entities called factor (Fruchter, 1967).
banking sector employees’ in Bangladesh.
Factor analysis has two major objectives
A principal component factor analysis
such as data reduction and substantive
with varimax rotation was performed
interpretation. In the present study,
for items/reasons indicating employee
‘Principal Components Varimax Rotated
job stress. To determine how many
Method’ of factor analysis has been used
dimensions of turnover influence the
to identify the major dimensions of job
intention to leave, the 38 items/reasons
stress of employees in privatized banks
were subjected to principal component
in Bangladesh.
analysis. After deleting items/reasons
those have cross loadings, a clear factor
Findings and Analysis structured was prepared. After grouping
Description of sample respondents the items/reasons with a factor loading
of higher than 0.5 under a factor, the
Respondents ranged in age from
result of the factor analysis generated
20 to 60 years, and 178 (72.4%) were
five dimensions those affect job stress
male, while 68 (27.6%) were female.
of employees in privatized banks of
Their average work experience was
Bangladesh. From the output, five factor
1.17 (SD= 4.43) years. There were 28
solutions emerge with eigen values
(11.4%), 178 (72.4%), and 40 (16.3%)
exceeding 1 (Table 3). Total variance
representation by the top, middle, and
accounted for by all the five dimensions
lower-level participants respectively.
was 45.79% and the remaining variance
The respondents were well educated,
was explained by other items/reasons.
as 37 (15%) had completed bachelor
The five dimensions of job stress were
degrees, 199 (80.9%) had a masters
named accordingly and discussed as
degree while 10 (4%) had other degrees.
follows:
In terms of marital status, 164 (66.7%)
were married, and 81 (33.3%) were
single. Out of 246 respondents, 139
(56.5%) respondents have children and
107 (43.5%) were without children. In
terms of the number of children, 134
(54.5%) respondents have 1-4 children,
while 10 (4%) people have 5-8 children,
and 102 (41.5) have no children.
2017 Sharmin Akther, Silvia Akter, Md. Kafil Uddin 9
Table 2: Principal Component Analysis with Rotated Component Matrix and Communalities
Components
Dimensions Variables Communality
1 2 3 4 5
samples. These limitations pave the way Brief A. P. & Weiss H. (2002)
to future studies. An interesting avenue Organizational behavior: affect in
for future research could be a detailed the workplace. Annual Review of
study of job stress in both foreign and Psychology53, 279-307.
public banks in Bangladesh. In addition,
a comparative study on causes of stress Canadian Mental Health Association
among different professionals can also (2004). Employee assistance
be executed. programs. Retreived February
10, 2017 from http://cmhanl.ca/
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