The issue of job stability must be taken into consideration if a company must advance the interests of its workers, as it is clear that this is one of the majority of workers’ top priorities, particularly in the setting of a growing nation. The proportion of workers who say they want to work for the company for a long time is known as employment stability.
A protracted time of unemployment is the worst-case scenario when losing a job. Even in nations with large assistance programs in place, the unemployed are likely to experience additional forms of suffering. In many developing nations, this is nearly certain to result in significant economic hardship.
An occupation is more than merely a job. A sense of meaning and purpose can be found at work for certain people. Our work frequently reflects who we are as people—our identities, our interests, and our way of life. Job security is crucial for several reasons besides a sense of identity.
Work has intrinsic value in addition to being a way of generating revenue. Humans use a wide variety of skills and abilities while they work, furthering their development; they also, in varying degrees, exercise their creative faculties, creating things that did not previously exist; and, finally, work serves as a vital link for fostering a sense of community with other people and the larger society. These factors make it unsurprising that the right to labour is one of the few human rights that was chosen for the Universal Declaration of Human Rights (Art. 23)
A company that is seen to be genuinely devoted to doing everything in its power to guarantee employment security will be conveying to its employees a very strong message: that it is sincerely concerned for their interests. By doing this, the company is building a two-way commitment. The promise of life work is well-known to be one of the foundations for great devotion.
IMPORTANCE OF JOB SECURITY
Makes staff members feel appreciated
It shouldn’t come as a surprise that when workers feel safe in their workplaces, they feel appreciated. Employees feel valued as people first, and as employees second, if an employer can cultivate a sense of security.
Reduced worry and stress among the workforce
The health of your staff is crucial. Performance is known to be correlated with employee well-being, specifically with stress, anxiety, and burnout. The physical and mental health of your employees can be greatly impacted by job instability. Long-term anxiety, rage, and burnout can result from job uncertainty. Both physical and mental health symptoms may be caused by such effects. This includes issues with sleep, substance abuse, weight gain, depression, and more.
Increases labour productivity
Employee productivity rises as a result of job security’s beneficial ripple effect. Employees who are more engaged at work and who have great working conditions are more productive.
Ways for managers to improve the security of employees’ jobs are; Encourage opportunities for growth and learning. Be a leader who is future-focused and promotes career mobility.