Exploring the Relationship Between Employee Psychological Wellbeing and Employee Performance Amid the Lebanese Financial Crisis (2019 – 2022)

Abstract

In line with the World’s fast-growing pace, companies are in dire need of proving themselves, especially in this extremely competitive market. Employees had and always will have a crucial role in the success rate and the growth of an organization. Several studies highlighted on the importance of psychological well-being, influencing both personal and professional performance. This field of study was further developed with the breakthrough of a pandemic that completely transformed working environments and had a panoply of effects, both positive and negative, on employees’ general well-being, especially in countries already suffering from economic burdens, like Lebanon. This research explores how the Lebanese catastrophic crisis (2019 – 2022) may have an impact on the relationship between psychological wellbeing and employee performance. An online survey was given out to employees working in local and multinational organizations, gathering a total of 286 responses. SPSS software is used to analyze the gathered data. The results indicated that there exist positive relationships between self-acceptance and personal growth with employee performance, while also showing a positive link between positive relations at work and contextual performance. This study concludes that employees in Lebanon might have reached a state of adaptability in which can be viewed as positive, since some employees are adapting to these tough times and overcoming such obstacles by performing better, giving more to their organization, and sustaining their presence within the companies. Still, this adaptability could be viewed as if employees are suppressed; they are performing their basic duties in favor of surviving this challenging cycle Lebanon is facing. Finally, this study suggests that future research could be addressed to tackle how the psychological wellbeing of employees in Lebanon has been altered due to the Crisis that is still being faced.