The Impact of Contemporary HR Practices: Providing security to employees (Job Security)

 



Providing security to employees

Employment security is the first human resources best practice. Work is a constant aspect that is highly significant to most individuals, while life is unpredictable. In essence, the primary motivation for going to work is to have a job that allows the person to support their family and themselves. Employees who feel secure in their positions feel valued, which shouldn't come as a surprise. Employees feel respected as people first, then as employees, if an employer can instill a sense of security. 

Between the employee and the employer, there is both a formal contract (work for money) and an informal contract (you put in a little more effort, we take care of you). Those who have stable employment can go home after work and take care of their family. Security is a key notion that guides practically all HR activities (Vulpen, 2022). 

When this job security is in jeopardy, as when there is a restructure or a layoff, for instance, you quickly notice this throughout the organization.

Organizations also profit from employment security since it aids in employee retention. For instance, when employees are let go, the company is typically the one who suffers. They have contributed to the hiring, education, and professional growth of these staff members. It costs money to do this. People are more likely to leave the company and join the competition if it doesn't work to keep them (Vulpen, 2022).


Job Security

According to Vulpen (2022) A survey conducted in 2020 revealed that job security is the third most significant consideration for employees. In a UK survey of 1,100 professionals, 28% said that job stability was a key consideration. Job security is crucial to all international HRM approaches.

What does Job Security Means? 

Ans: The belief that workers will be able to keep their jobs for as long as they can predict. It is also the assurance that staff members feel that, even in the event of a financial catastrophe, they would continue to have a secure employment.


Job security during pandemic: 

The article written by Gentle (2020) Salary (73.8%), location (66.9%), and job stability (27.7%) are the three most crucial elements that professionals are currently searching for in a new job, according to a recent poll by the UK's top independent job portal, CV-Library.

In the study, 1,100 UK professionals were questioned. "Job security was favored the most by 55-64 year old's (35.9%), followed by 45-54 year old's (30.7%) and 35-44 year old's (24.3%)." (Onrec et al., 2020).


Job security and job stability; key differences

While the phrases may be used interchangeably, job or career stability refers to how long a worker may stay in their current position before needing to leave it or look for new employment alternatives. Even this, though, is changing as a result of the fact that workers are now looking for flexible and mobile career options that allow them to apply their skills to a variety of positions.

Job security, on the other hand, is the assurance that person feels upon accepting a position that they won't be going without it eventually. For the majority of people, having a stable employment is crucial since job insecurity has a detrimental effect on mental health.


Why do managers and employees value job security?

A sense of employment stability and successful contribution to the expansion of the company will be felt by employees who feel safe in their work environments. For workers to feel satisfied at work and to have the necessary mental stability to preserve their positions, job security is crucial. Managers may be certain that excellent work will be produced and that organizational goals will be met more quickly when employees are productive and in good mental health.

According to a study, workers who have the backing of their managers will actively support the goals of the company. This is because they feel appreciated and can see themselves growing with the business. When workers feel uneasy, managers may have a hard time motivating them and may even run into a brick wall. Such workers will just perform the minimal minimum duties while on the job (CoachHub, 2022).



Conclusion

An employee's need to stay on the job and advance in their careers, certain boundaries are important to put in place. Both companies and employees must understand when seeking job stability turns toxic. Companies need to understand that workers are first and foremost people with lives to live, families to care for, and personal objectives and aspirations to pursue. In an effort to guarantee job security, none of this should be put at risk. Low job productivity could arise from mental stress, burnout, and depression.

Workers who want job stability shouldn't forgo other crucial things, such as their feeling of purpose, in favor of hazardous working conditions. When work demands become poisonous, you must be able to recognize it.



References

CoachHub (2022) Job security: The Benefits for employees and employers, CoachHub. Available at: https://www.coachhub.com/blog/job-security/ (Accessed: April 6, 2023).

Onrec, S.G.P.at, Gentle, S. and Onrec, P.at (2020) Job security and flexibility increasingly important to professionals during pandemic, Onrec. Available at: https://www.onrec.com/news/statistics/job-security-and-flexibility-increasingly-important-to-professionals-during-pandemic (Accessed: April 6, 2023).

Vulpen, E.van (2022) 7 human resource best practices (a mini-guide to HRM), AIHR. Available at: https://www.aihr.com/blog/human-resource-best-practices/#Employmentsecurity (Accessed: April 6, 2023).



Comments

  1. Anonymous6 April 2023 at 11:43

    This comment has been removed by the author.

    ReplyDelete
  2. Anonymous6 April 2023 at 11:53

    Good topic Janaka, According to Herrity, J. (2023), there are several reasons why job security is crucial in the workplace, including attracting and retaining talent, keeping a productive workforce, encouraging employee loyalty, and boosting morale. Additionally, she provided advice on how to boost productivity, be reliable, reduce distractions, volunteer more, keep learning, mentor and assist coworkers, and develop relationships.

    ReplyDelete
    Replies
    1. Janaka Madushan22 April 2023 at 04:20

      Dear Piumi, Thank you for the value addition with what Herrity, J. (2023) explained about keeping a productive workforce, fostering employee loyalty, raising morale, and recruiting and retaining talent are just a few of the reasons why job security is important in the workplace.

      Delete
  3. Hansika Edirimanna6 April 2023 at 22:02

    The article provides a comprehensive overview of the importance of job security to employees and organizations. The author correctly points out that job security is critical to employee motivation and productivity. It is also important for retaining valuable employees and reducing turnover costs for organizations.

    The article highlights the fact that job security is particularly relevant during the COVID-19 pandemic, where employees are concerned about layoffs and furloughs. It is crucial for organizations to prioritize job security and provide employees with the assurance that their jobs are safe.

    Furthermore, the article emphasizes the importance of balancing job stability with personal goals and aspirations. While job security is essential, it should not come at the cost of an employee's mental health and overall well-being.

    In summary, the article effectively conveys the significance of job security in the workplace and provides insights into how it can benefit both employees and organizations.

    ReplyDelete
    Replies
    1. Janaka Madushan22 April 2023 at 04:18

      Dear Hansika. Thank you for using your time to read my article.

      Delete
  4. Mohamed Nasly Mohamed Hadhil12 April 2023 at 08:31

    Hi Janaka, Good aligning about contemporary HR practices have a significant impact on providing job security to employees in today's dynamic work environment. By implementing effective HR practices such as performance feedback, skill development, and fair compensation, organizations can create a sense of stability among employees, leading to increased morale, loyalty, and productivity. Job security is crucial for employee motivation and engagement, while job insecurity can lead to negative outcomes. Prioritizing job security through contemporary HR practices benefits both employees and organizations alike.

    ReplyDelete
    Replies
    1. Janaka Madushan22 April 2023 at 04:22

      Dear Hadhil! Thank you using your time and I agree what you mentioned about effective HR practices on providing job security to employees.

      Delete
  5. Praveen Sathyaseelan12 April 2023 at 09:15

    Hi Janaka, as an employee I completely agree with the importance of job security. As stated in a study by SHRM, job security is one of the primary factors that employees consider when assessing job opportunities (Daley, 2022). Having job security is crucial for employee satisfaction and overall well-being. It's challenging to focus on work when there is a constant worry of losing the job or experiencing a reduction in work hours. Companies that prioritize job security reap benefits in terms of profits, when employees feel secure, they tend to be more productive, engaged, and motivated to go above and beyond for their employer. Therefore, investing in job security can be a mutually beneficial for both the employer and employee.

    ReplyDelete
    Replies
    1. Janaka Madushan22 April 2023 at 04:30

      Dear Praveen, Once again than you for your valuable time to read my article and adding more value about what (Daley, 2022) explained about importance of job security.

      Delete
  6. Prasadi Kuruppu13 April 2023 at 21:49

    This comment has been removed by the author.

    ReplyDelete
  7. Prasadi Kuruppu13 April 2023 at 21:49

    Thank you for the very informative article!
    It's great to see how modern HR strategies can make a significant difference in the overall job security to the employees within an organization.
    I'd like to suggest a topic for your next blog post. It would be interesting to read about the challenges that organizations face when implementing these job security HR practices and the strategies they can use to overcome these obstacles. Sharing real-life examples and case studies would make the topic even more interesting for your readers.

    ReplyDelete
    Replies
    1. Janaka Madushan22 April 2023 at 04:26

      Dear Prasadi! Thank you for suggestion. This article about how HR Best Practices impact on employee & organizational performances. I would like to consider more writing in my upcoming articles as you requested.

      Delete
  8. Barathi Pillai20 April 2023 at 07:41

    Hi Janaka , very important topic that you have explained and good details give. Job security is at risk from a number of issues, including globalization, outsourcing, downsizing, the recession, and new technologies. Employees also need to take necessary continues professional development in their day to day life to be able to face the changes that comes in the work.

    ReplyDelete
    Replies
    1. Janaka Madushan22 April 2023 at 04:28

      Yes Chris I agree but it's not only employees, even organization must take necessary to provide security to employees.

      Delete
  9. Ramal Ambagala21 April 2023 at 06:06

    Great article Janaka.. Job security is one thing that the majority of people seek in a profession. We can concentrate on performing a better job and advancing our careers when we are confident that we will keep the job with relative ease and don't have to worry about numerous hazards that could cause us to lose our work.

    I'm suggesting to increase workplace productivity and success, employers and business owners must create and explain a clear job security policy.

    ReplyDelete
    Replies
    1. Janaka Madushan22 April 2023 at 04:28

      Dear Ramal! I agree with your suggestion. Thank you for the value addition.

      Delete

Post a Comment

Popular posts from this blog

The Impact of Contemporary HR Practices: Selective Hiring : Hiring The Right People

Image
Introduction It can be challenging to hire someone. It takes time to review resumes, conduct interviews, and check references. Hence, when you do eventually discover the proper fit, you want the investment to be worthwhile; you do not want your recruit to leave the company after only a few months on the job. This article will show you how to choose the applicant who will fit your company the best and how to conduct an efficient recruiting process. Recruitment Organizations have a number of options when HR planning indicates the need for more workers. Although hiring more people may be the initial step in a more extensive recruitment and selection process, it's not always the ideal way to find more labor. An organization may want to take into account alternatives to recruiting, including outsourcing or contingent labor, rather than hiring regular staff. The most straightforward option would be part-time work or overtime by current employees if the change in work volume is just tempo...
Read more

Modernizing the Function of HRM: The Impact of E-HRM (HRIS)

Image
Modernizing the Function of HRM People are what give a company its functionality. As a result, it's important to find, select, and retained qualified staff (Laumer et al. 2010). The human resource management (HRM) divisions of organizations oversee all workforce-related concerns, such as employee performance, training, recruitment, staffing, and payments (Stolt 2010). Stolt (2010) HRM is a strategy for proactively managing the most precious asset of an organization—the person who, individually or collectively, contributes to its success. In the past, HRM has been essential to raising an organization's performance. According to Opatha (1995), HRM is the efficient and effective use of HRs to accomplish an organization’s goals. There is a strong correlation between organizational effectiveness and HRM. Throughout the past few decades, technological advancements have led to innovative commercial developments. Technology has also changed how HR professionals interact...
Read more

The Impact of Contemporary HR Practices: Creating a Flat and Egalitarian Organization

Image
Creating a Flat and Egalitarian Organization   According to the research study explained by Vulpen (2022) in AIHR website  The egalitarian management methods of Japan are the source of this best practice in HR principles. Even if we just observed that some employees are more important to the organization's success than others, this information shouldn't be conveyed in such a manner. Every employee is an important part of the company and need to be treated as such. This is demonstrated in Japanese workplaces via shared canteens, uniforms, and identical sick leave and vacation policies. Such an egalitarian society demonstrates that everyone deserves to be treated with respect, and it might encourage the exchange of ideas (Vulpen, 2022). Particularly in the effort to create a flat and egalitarian company, modern HR methods have a substantial impact on organizational culture and structure. An egalitarian organization is one where all employees are treated equally, regardless of th...
Read more