Lifetime Employment

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Lifetime Employment

A situation in which an employee is practically guaranteed to keep his/her job. A person with lifetime employment may only be fired for gross violations such as sexual harassment or chronic absenteeism. Work performance has little or no bearing. Lifetime employment is rare except in the government sector and some nonprofits, though law firm partners may be said to have lifetime employment.
References in periodicals archive ?
They were also insulated from economic risk-taking given the traditional lifetime-employment system.
Third, there is an inherent fallacy in the lifetime-employment mentality, and its corollary, a mindset that all layoffs are bad.