Job Security in the New Market

Job Security in the New Market

In days gone by, Americans worked the same job, at the same company for 30 years or more hoping for a promotion. A person's first job was often their last job. Changing jobs was often unheard of by those with family, car payments or mortgages. Job security was viewed as one of the most desired benefits of an employer. How things have changed.
Today's work market is ever-changing. It's not uncommon for persons to take on work contracts knowing the job will only last a year or even less. Changing jobs is often viewed as a "step in the right direction" and working for the same company from cradle to grave is a rarely. Job security, as we once knew it, basically no longer exists.

As of 2016, 25 of the 50 states are "Right to work" states. This means that at any time, a company can terminate an employee or contractor for any reason. Basically, this translates to a zero level of job security. There are, however, benefits on both sides of the issue. An employee can choose to leave at any time without recourse. The same employee can collect unemployment if they are let go without a reason. 

There are pros and cons to the modern work world. Lack of job security can push people to branch out on their own, sometimes creating competition for their own employer and creating jobs and supply and demand perks for consumers. That same lack can create employment gaps that lead financial devastation for families. It's imperative to be prepared, have a back up plan and go into any job realizing it is not permanent.

By Crystal S.

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