Job Security is Dead... and Nobody Cares

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#career #business

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Jobs are not what they used to be… the average time an employee spends with their company is now at the lowest level ever, and that’s by design.

We have gone from full time to part time, to casual, to gig work, lowering the expectation of a long-term professional relationship every step of the way.

If this didn’t do enough, studies have shown that many workplaces are now intentionally promoting the fear of job losses in an attempt to “motivate workers” and keep cost down, but this is usually a really dumb idea.

The death of job security is bad for workers AND bad for companies…

But nobody cares anymore…

Up until the 1980’s it wasn’t unusual for workers to spend their entire professional careers working with just ONE company.

Company loyalty was highly valued by both employers and employees, and the threat of getting laid off or fired was incredibly low.

If you ever watch old films and see someone getting fired as a major plot point, just remember it actually was a big deal back then.
But according to data from the Bureau of Labor Statistics, those days are long gone…

The average tenure of young employees these days is less than a third of the baby boomers exiting the workforce.

I don’t want to sound too old here, but back in my day people actually cared about losing their job, but today getting fired or laid off from your company just makes good content to post on Tik Tok.

This is a bad trend for companies, because it takes away their biggest stick.

The fear of getting fired is always going to be a motivator in the workplace, there really is no way around that, if you don’t do your job or cause too much trouble for the company you are going to lose your job along with the pay and benefits that come with it.

But as the great Peter Gibbons would say “that will only make someone work just hard enough to not get fired”.

The death of job security means that people just EXPECT to lose their job at some point in their career these days, but there are three big reasons why it was allowed to get this bad, and three reasons why… nobody really cares anymore…

So it’s time to learn How Money Works to find out why job security is dying, why nobody cares, and what happens when nobody has a job for long enough to be good at it…

[alexhigginbotham]

The three things that don't exist anymore that have created the current nomadic behavior of employees... crappy benefits, no training, and no retirement. There is literally no incentive for loyalty.

[poornoodle]

“Why did you get fired?”
In the past: “Because I said something, did something or didn’t do something.”
Today: “Because I was employed.”

[stischer]

Don't invest time in a company that doesn't invest in you.

[SuperDanielHUN]

Don't forget the mentality of "senior executives are never wrong". Seeing no accountability for high end mistakes, but the rank and file is roasted for minor messups

[kevinslater]

"Why doesn't anyone want to work anymore?!?!?!?!?"
Gee, I wonder why nobody applies to your introductory job requiring 5 years experience for $15 an hour.

[astrea]

classic "we need someone with 4 years of experience for this entry level job"

[Meitti]

This is the focal point of falling birth rates. Gig economy means you can't afford a mortgage. Can't afford a mortgage, you can't establish a family.

[maestroadam]

plus, if younger people can no longer even hope to afford the things that a "good" job used to buy, what's the point?

[ironmountain]

I’m 26 and feel fortunate to grow up in a generation that didn’t give a single f*ck about company loyalty. We were collectively lied to about the importance of a college degree and so I think moving forward people my age will have a cynical view on what companies and large governing bodies deem *important* .

[christianscholz]

You are describing a macroeconomic downward spiral. Workers and companies are increasingly trapped in a Prisenor's dilemma trying to outsmart each other. But eventually its just a loss for all.

[MrDitkovitch]

I'm working at a software testing firm and my company openly admitted that they're shipping all the jobs to India. And they're asking some of the team members to train the India team. Like bro the audacity 😂.

[raynyamete]

As someone who recently got laid off during an acquisition, i can attest to the fact that they tried so hard to squeeze as much performance out of us before they inevitably laid us off

[CyphDragon]

Corporate HR: "We don't expect you to be here more than 2 years, so we're not paying for any kind of training or advancement."
Same Corporate HR: "Why haven't you been at any job more than 2 years? We don't hire job hoppers."
Also same Corporate HR: "Why do you have such a long gap in your resume?"
I've been continuously employed since I started working back in the late 90's. Sure there were a couple rough patches where I relocated, but I've never been more than a couple months without a job in roughly 30 years. I've been jobless for over 85 weeks now, even with me learning new skills in my field and the heaps of experience I have. This job market f#$^ sucks, and is the worst in my lifetime, regardless of the federal jobs reports.

[picklerix]

I stayed at one company for over 15 years because they invested in me and paid for 80% of my tuition. I left because the company was taken over by a competitor. After that, you were expected to bust your rump for a small raise that didn’t keep pace with inflation.

[XError]

People do care… the problem is the ones who do have no power

[MRFLOPPYmr]

Funny. I'm currently in a related situation:

I got "promoted". But the promotion means that I'll effectively have less income, much more responsibility and work to do. I would have declined immediately, yet the new position just fits perfectly into my CV. It's also highly unlikely that I could land a similar position at a different company. Now I will just take the "promotion", learn the job at the company and get the appropriate salary in 2 years, when I switch to a different company. I would love to be loyal but I simply cannot afford it🤷‍♂

[UltravioletNomad]

I think it's freaking ironic that the generation that got significantly more on the job training than us are the quickest to ask why we want it. And I don't just mean this as learning skills, there are way to many jobs these days that don't have a defined process to their work, or actually secretly have an INCREDIBLY strict process that you won't learn everything about until you made every possible mistake.

[giedmich]

At least in companies that i saw personally, it is almost impossible to get promotion and the salary increases are just symbolic. Changing job is literally the only way to get higher payment. Funny thing the company will rather pay bigger salary to new hire then rise the salary for outgoing employee and it has nothing to do with work quality.

[alexsteven.m]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[driftingdruid]

being disabled and job-seeking is even more of a nightmare:
fewer jobs you can do, fewer opportunities, possibly more ghosting from hirers, and the lack of job security means long unemployment breaks between jobs and overall earning less compared to non-disabled peers