Job Security

Job security is the assurance that an employee will retain their employment for an agreed-upon period of time and will be shielded from termination except for valid, documented reasons. Job security is a closely related concept to employment stability and is often used as a measure of job satisfaction and loyalty. Job security can also refer to the overall confidence of the job market and the "security" of finding future employment.

Job security works both ways, as it benefits employees who desire stability and can plan for continued employment and also for employers who benefit from retaining a skilled and knowledgeable employee. Employers may provide job security through incentives such as bonuses, high wages, benefits packages, and promotions. Employers may also provide job security by offering on-the-job training and by encouraging a long-term commitment to the company.

Job security works to protect employees from random or unjustified termination decisions. Employers must specify what constitutes a breach of a job agreement and must prove that the employee was responsible in the case arising for termination. In order for job security to be effective, an employee must be in accordance with job requirements and conduct appropriate behavior at all times or risk for termination.

Job security is commonly only enjoyed by those who are employed in long-term positions or with highly competitive job opportunities. Generally, employment in traditional professions, industries, and businesses may provide more job security than contract, temporary, or seasonal work. Many businesses also provide job security, such as government jobs, military-sponsored jobs, and non-profit organizations.