job security


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Job Security

An objective or subjective measure of the likelihood a person will keep his job. Outsourcing, efficiency, company revenue, the expense of employment and an employee's own attitude all affect his/her job security. See also: Job Security Index.

job security

the degree of certainty of continued employment with a particular organization. Job security is generally a function of statutory employment rights (i.e. protection against UNFAIR DISMISSAL), other elements of the CONTRACT OF EMPLOYMENT and the financial wellbeing of the organization. It can be said to be low where a company is suffering sustained losses or where the employment contract places a limit on the duration of employment (which may also debar the employee from certain statutory rights). Even where these conditions are not present, job security may be threatened by rationalizations which remove the need for certain jobs and hence lead to REDUNDANCY. See TEMPORARY WORK.
References in periodicals archive ?
In an era where job security is dead, what are you doing - a) wishing job security were here, b) switching to income security, or c) doing nothing?
Fifty-seven percent of Americans are completely satisfied with their job security, near the high of 58% recorded in 2014.
According to social exchange theory (SET; Blau, 1964), organizational benefits such as job security may induce in employees a sense of reciprocity and a perception of obligation to commit to an organization.
The issue of job security is classified under the material and spiritual security class.
So although confidence in job security in 2013 has on average been 2% lower than 2012 across the year, the workers surveyed believe that the pressure on their job security has actually eased.
There are an estimated 20,000 workers demanding job security and increased pay, with an additional 1,500 public gardens and parks workers joining in the syndicate in its demands.
However, confidence in job security has remained static over the past three months with nearly three quarters, (73%) of Welsh workers saying that they were confident in their job security, exactly the same as in January 2013.
A spokesman said: "Many people are experiencing real concern about job security, which is understandable, but others are worried they aren't realising their full potential.
The promise of job security among expatriates in the Kingdom has eroded as priority is given to Saudi nationals in the employment market, claim foreign residents in the country.
Global Banking News-February 14, 2012--Labour union at Korean unit of HSBC call for job security measures(C)2012 ENPublishing - http://www.
Qantas, an Australian carrier, today rejected claims made by the Australian and International Pilots Association (AIPA) that the airline's pilots' job security is threatened.
Household spending fell at its fastest rate for nine months during October as consumers worried about job security, new research indicates.