HUMAN RESOURCE ECONOMICS: IMPACT OF SOCIAL AND ECONOMIC FACTORS ON EMPLOYER-EMPLOYEE RELATIONSHIP

Abstract

Relationships between employers and employees are vital to the development of human resources, but little is known about the social and economic factors that influence these relationships. For a comprehensive understanding of the phenomenon, the current research simultaneously focused on these two categories of factors. For this purpose, qualitative research methodology was employed. Interviews with 25 professors, assistant professors, and lecturers from Saudi Arabian universities were used to compile data. The data were analyzed using a grounded theory approach, and the themes were identified. The study investigated whether work-life balance, leadership, autonomy, social support, inflation, and unemployment significantly impact employee and employer relationships. It directs policymakers to focus not only on the social health of workers but also on their economic health, as the latter is a crucial determinant of good workplace relationships, improving the organization's overall performance.