Job Security

The concept of job security relates to the level of stability a job has over time. In addition to the actual stability of a job, job security also relates to the perception held by an employee that his or her job is secure. Historically, job security held a central role in the psychological contract between workers and their employers. The employee believed that in return for providing his or her services and loyalty, the employer would provide stable employment. However, there is a sense that the contract has been broken, that the work rules have changed, driven both by employer and employee actions.

The employment relationship takes a number of forms, from temporary or contract employment intended for a specific term or project duration, to a ...