Abstract

Employee’s psychological wellbeing is an important component in organization process. The quality is however observed to be on the decline, this has become a source of worry to the concerned citizens most especially the personnel psychologist. Hence, this research examined the correlation between organizational changes and workers psychological well-being in Ibadan metropolis, Oyo State, Nigeria. Descriptive correlational design was utilized for the study. A sample of two hundred (200) workers drawn from three industrial sectors in Ibadan were randomly selected as respondents in this study. The collection of data was done with the use of a structured questionnaire duly validated by the researchers and made reliable with pilot study. Mainly, data were analysed with the use of Pearson Product Moment Correlation (PPMC) and multiple regression statistical methods. The results of the findings revealed that Workers Psychological well-being is significantly correlated with job loss (r= .092; p<.05), and organizational changes (r= .067; p<.05). There was also a significant combined effect of independent variables (job loss and organizational changes) on workers psychological well-being. It showed that the independent variables when pulled together have significant effect on workers psychological well-being. The value of R (adjusted) =.203 and R2 (adjusted) =.031, suggesting that the independent variables accounted for 31% variation in the prediction of workers psychological well-being. It is nonetheless concluded from the findings of this study that poor and persistently recovering psychological wellbeing among employees due to job loss and organizational changes should not be allowed to foster indefinitely, job loss and organization changes are prime factors that contribute seriously to the worsening psychological wellbeing of workers and that job loss and organizational changes like merger and acquisition delaying, privatization and starburst have collateral implication for employees psychological wellbeing. Finally, workers in organizations should develop appropriate attitude and mental state regardless of what is happening in the workplace.