In the past, the concept of job security was a given for many individuals. People believed that if they were loyal to their employer, worked hard, and met expectations, they would have a stable and secure job. However, with the constant changes in technology and the global economy, the idea of job security has become a myth.
Gone are the days when job security existed. The world is evolving at an unprecedented pace, and technology is driving the change. The automation of processes, coupled with the widespread adoption of artificial intelligence and machine learning, has reduced the need for human intervention in many industries. As a result, most jobs are facing imminent extinction. To add to this, the economy has been unstable for a while, with companies resizing and retrenchments becoming an annual recurrence in some organizations.
What is Job Security?
Job security refers to the state of knowing that one’s job is secure and that one is unlikely to be dismissed or made redundant. In simpler terms, it is the belief that one’s job is safe and secure from external forces such as layoffs, automation, or restructuring. In the past, many people believed that if they worked hard, their job would be safe and secure.
Security within a company is a fiction, and the only job security that exists is the one you create for yourself by remaining not just employable but highly competitive in your field. Building up your skills and personal brand is mandatory; it is your key to creating your own job security.
Why Job Security is a Myth?
With the fast-paced changes in technology and the economy, job security is no longer guaranteed. The automation of processes that reduce the need for human intervention has led to the extinction of many jobs. Additionally, the economy has become more unstable, causing companies to resize and downsize regularly, leading to annual layoffs in some organizations. As a result, people can no longer rely on job security and must take proactive measures to secure their future.
The reality is that even owning your own business is not entirely secure, and many businesses fall as quickly as they rise. However, being able to bounce back and earn an income regardless of your current situation is the new form of security.
Creating your Own Job Security
Security within a company is fiction, and the only job security is one you create by remaining employable and highly competitive in your field. Building up your skills and personal brand is mandatory; it is your key to creating your own job security. Staying relevant and continuously developing new skills to meet the changing needs of the market is essential. Professionals must be proactive and take on new challenges, such as freelancing or contracting, to become their own boss.
Learning new skills and looking for opportunities in the market that align with your skill set is crucial to ensuring your job security. This means keeping up with the latest trends in your industry, attending workshops, and participating in professional development courses to stay ahead of the curve. It’s also essential to stay connected with colleagues in your industry, as networking can lead to new opportunities and potential job offers.
Furthermore, building a personal brand can also help create job security. This involves creating a strong online presence through social media platforms like LinkedIn, showcasing your achievements and expertise, and engaging with your industry’s community. By building your personal brand, you increase your visibility and credibility, which can lead to new job opportunities.
If you are out of work, now is a good time to re-invent yourself. Learn new skills and consider opportunities available in the market that are close to your current competencies. Volunteer your services for free while you are seeking your next opportunity to keep the gap on your CV from growing larger. Re-brand yourself and exude confidence in your capabilities because if you don’t believe in yourself, no one else will.
It’s essential to keep your parachute ready in case you need to jump off or get thrown off. Restructuring, retrenchments, and constructive dismissal are inevitable in today’s world. Most people don’t know where to begin when the inevitable happens. Keep your CV fresh and up to date. Uncertainty seems to be the only certainty there is these days. Don’t be caught off guard, stay prepared.
Job security is no longer a given in today’s fast-paced economy. With the constant changes in technology and the market, individuals must take proactive measures to secure their future. Creating your own job security involves building up your skills, staying relevant, and continuously developing new ones. Additionally, networking, building a personal brand, and considering new job opportunities, such as freelancing or contracting, can help create job security. By taking these steps, individuals can ensure they remain competitive and relevant in their field, leading to a secure future in the workforce.
Change is not always a bad thing, it is never too late to do what you love.