job security


Also found in: Dictionary, Acronyms, Encyclopedia, Wikipedia.

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 ?
The fact that most American workers remain unconcerned about losing their jobs and show high levels of satisfaction with their job security is reflective of today's robust U.S.
In addition, employee concern about a perceived low level of job security will be a hindrance stressor (Podsakoff, LePine, & LePine, 2007).
Some challenges of job security are temporary contracts and contractual employment.
"However, even those with the 'best job in the world', whose levels of job security outweigh other careers, should not be complacent.
This does not cover housing and food, this strike could be [our only] opportunity to pressure the government for a raise and for job security," he told the Yemen Times.
"I was warned that there was no job security. I was promised a good pay and benefits but you never know when you may lose it to a Saudi national," says Azizi.
Labour unions in HSBC Holdings' (LSE: HSBA) Korean unit have called on the management to ensure job security as the company is selling its retail banking division to the Korea Development Bank (KDB) Financial Group.
This report is a comprehensive assessment of salaries, benefits, and job security for public-school teachers, intended to resolve disputes over whether teachers as a group are "overpaid" or "underpaid." The authors find that public-school teachers receive compensation about 52 percent higher than their skills would otherwise garner in the private sector, and they discuss the implications of this fact for education policy in general.
Emmenegger analyzes the relationship between labor market status and preferences for job security, gendering the insider/outsider theory of employment and unemployment.
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.
"As UAE nationals' job security is much higher than others, this was one of the reasons why there has been more of an emphasis on lending to UAE nationals."
Joe Clarke, regional officer for the workers union Unite, told the Guardian that Cadbury workers received no job security assurance from Kraft, so they plan a campaign over the next week to influence the decision of Cadbury's shareholders.