Job security is one of the most important things for many employees. They want to know that they could have a long career at the same company if they want it and that they can leave on their own terms. They certainly don’t want to feel as if they could lose their job at any second. Offering your employees job security brings you plenty of benefits too.
Save Time and Money (Less Recruiting)
If you have high employee turnover, it costs your company time and money. Every time you need to hire someone new, you need to go through the recruitment process. If you focus on keeping the talent you have, you save time and money.
It’s difficult for your employees to stay productive if employees are coming and going all the time. They lose the people they work well with, and they have to get used to working with new people. Improved job security gives people the drive to work better and harder.
Improve Company Reputation
Giving your employees better job security can even improve the reputation of your business. Both potential employees in the future and your customers will view you as a good employer if you can offer better job security and treat your employees well.
Better Job Satisfaction
Job security is one of the main factors that employees consider when they think about job satisfaction. Better job satisfaction will often mean that employees are more engaged, and they are then willing to stay with their employer longer too.