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The study found that job insecurity negatively impacts employee engagement. Increases employee engagement (and less turnover)Ī recent study looked at job insecurity and employee engagement. This includes sleep problems, substance misuse, weight gain, depression, and more. Those impacts can show up in both physical and mental health manifestations. Job insecurity can lead to prolonged anxiety, anger, and burnout. J ob insecurity can significantly impact your employees’ mental well-being and physical health. When there’s a looming fear of job insecurity, your employees’ well-being is likely to take a hit. We know employee well-being - specifically stress, anxiety, and burnout - is tied to performance. If an employer can create a sense of security, employees feel recognized as humans first, employees second. It shouldn’t come as a surprise that employees feel valued when they feel secure in their jobs. Here are five reasons why job security is so important for both employees and employers. Job security comes with a feeling of protection against things like layoffs, economic downfalls, and other factors that could impact employment. It’s an assurance that you will be able to work in your current employment for the foreseeable future. Job security is a sense of knowing that your job is safe from being cut. So, what does it mean to have job security? So, how do you find job security? What’s the difference between job security and job stability? And if you’re an employer, what are ways you can increase job security for your employees? What is job security and why is it important?įeeling like you could lose your job creates a real fear around job insecurity. And while the unemployment rate is low, frictional unemployment is rising. Even though the Bureau of Labor Statistics reports strong numbers, things can (and do) change. That’s still a significant number in an economy that’s just reached a record low unemployment rate amid a global pandemic. In a January 2022 survey, 27% of Americans report worrying about job security. For us humans, it can cause significant stress around job security and stability. While the economy is strong today, unfortunately, history tells us that the economy is never consistently stable. It reacts as it should: it tries to protect and salvage whatever might be left to save. It’s an up-and-down wave weathering politics, recessions, global pandemics, and other crises.
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I didn’t have a family, I didn’t have kids, and I didn’t have anyone to provide for other than just me. I questioned whether or not I deserved to have my job. But the other part of me felt a sense of survivor’s guilt. More than 2,000 teachers were laid off in this particular district, yet somehow I was spared. You might show up every day with extreme stress and pressure to perform at your best.Įarly in my career, I worked as a teacher in a public school system that went through mass layoffs.
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Your free time might be swallowed with late-night job searching and resume updates, just in case you need to find something else. You can feel like you’re living on a bedrock of anxiety, plates shifting underneath you. This can lead to feelings of stress, depression, and a lack of mental fitness. When job security is threatened, you’re immediately unstabilized. The funds that allow us to send our kids to tutoring, ballet practice, or piano lessons.Įconomic mobility is unlocked when opportunities are available to talented people. The ability to cover unforeseen healthcare bills. The monthly deduction from our bank account for rent or mortgage. The paycheck allows us to put food on the table. Beyond a sense of identity, job security matters for many reasons.įor most (if not, all) people, it’s how we provide for ourselves and our families. We can often tie our identities, our passions, and who we are as people to our work.
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How to handle living without job securityįor some people, work offers a sense of purpose and meaning. Is job security the same as job stability?ģ ways managers can increase job security for their employeesģ ways employees can impact their own job security What is job security and why is it important?
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