What does job security mean?

Definitions for job security
job se·cu·ri·ty

This dictionary definitions page includes all the possible meanings, example usage and translations of the word job security.


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Wikipedia

  1. Job security

    Job security is the probability that an individual will keep their job; a job with a high level of security is such that a person with the job would have a small chance of losing it. Many factors threaten job security: globalization, outsourcing, downsizing, recession, and new technology, to name a few. Basic economic theory holds that during periods of economic expansion businesses experience increased demand, which in turn necessitates investment in more capital or labor. When businesses are experiencing growth, job confidence and security typically increase. The opposite often holds true during a recession: businesses experience reduced demand and look to downsize their workforces in the short term.Governments and individuals are both motivated to achieve higher levels of job security. Governments attempt to do this by passing laws (such as the U.S. Civil Rights Act of 1964) which make it illegal to fire employees for certain reasons. Individuals can influence their degree of job security by increasing their skills through education and experience, or by moving to a more favorable location. The official unemployment rate and employee confidence indexes are good indicators of job security in particular fields. These statistics are closely watched by economists, government officials, and banks. Unions also strongly influence job security. Jobs that traditionally have a strong union presence such as many government jobs and jobs in education, healthcare and law enforcement are considered very secure while many non-unionized private sector jobs are generally believed to offer lower job security, although this varies by industry and country.

Wikidata

  1. Job security

    Job security is the probability that an individual will keep his or her job; a job with a high level of job security is such that a person with the job would have a small chance of becoming unemployed. Factors affecting job security Job security is dependent on economy, prevailing business conditions, and the individual's personal skills. It has been found that people have more job security in times of economic expansion and less in times of a recession. Also, some laws bolster job security by making it illegal to fire employees for certain reasons. Unemployment rate is a good indicator of job security and the state of the economy and is tracked by economists, government officials, and banks. Typically, government jobs and jobs in education, healthcare and law enforcement are considered very secure while private sector jobs are generally believed to offer lower job security and it usually varies by industry, location, occupation and other factors. Personal factors such as education, work experience, job functional area, work industry, work location, etc., play an important role in determining the need for an individual's services, and impacts their personal job security. Since job security depends on having the necessary skills and experience that are in demand by employers, which in turn depend on the prevailing economic condition and business environment, individuals whose services are in demand by employers will tend to enjoy higher job security.

The New Hacker's Dictionary

  1. job security

    When some piece of code is written in a particularly obscure fashion, and no good reason (such as time or space optimization) can be discovered, it is often said that the programmer was attempting to increase his job security (i.e., by making himself indispensable for maintenance). This sour joke seldom has to be said in full; if two hackers are looking over some code together and one points at a section and says “job security”, the other one may just nod.

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Numerology

  1. Chaldean Numerology

    The numerical value of job security in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of job security in Pythagorean Numerology is: 3

Examples of job security in a Sentence

  1. Matthew Hassan:

    Aspects of the survey around job security, around savings behavior do look a lot more conservative, and it may be that there has been a budgetary tightening in the consumer sector.

  2. Julia Pollak:

    The large increase to 1.7 million [in January] brings them closer to the pre-pandemic average of 1.9 million and suggests that the period of unprecedented job security for American workers is coming to a close.

  3. David Green:

    I supported that because the promise was product and job security, do what we had to do to keep working, keep our communities and our families alive and thriving. It feels like they betrayed us a little bit.

  4. Dylan Frittelli:

    It's an amazing feeling to know I have some job security, perspective is going to change big time. It sets me up to be a little more specific (with my schedule).

  5. Ben Begleiter:

    The workers lost their health insurance, retirement security, job security and even their paid lunch breaks.


Translations for job security

From our Multilingual Translation Dictionary

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"job security." Definitions.net. STANDS4 LLC, 2024. Web. 13 Jun 2024. <https://www.definitions.net/definition/job+security>.

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