The job you offer your employees is more than just an income. It's a sense of security that provides support in an ever-changing world and allows you to plan for the future. Job security is the assurance that an employee will not be laid off or have his or her job eliminated due to economic conditions, business decisions or other factors beyond his or her control.
Fear of job loss and its impact on engagement and job performance.
Employees with a high need for security would rather proactively change jobs than live in constant fear of job loss. But it's not just for the calculative-minded that fear of job loss can be a major source of stress, impacting work performance and engagement. When employees feel they can be fired at any time, they can't focus on their tasks, and conflicts are bound to arise. Stress and uncertainty lead to a loss of motivation and can even have a negative impact on employees' health.
Renowned companies that are considered economically stable exert a greater attraction on top employees. Established companies with a proven track record have a clear advantage here, but even as a young company you can offer your employees stability and support.
What you can do as an employer to provide stability and security to your employees:
By honoring the desire for solid employment, you show your employees how important they are to the company. This is a critical step in building a loyal and engaged workforce. By creating a stable and encouraging work environment, you can help your employees feel more secure, become more productive and work together as a team. Take the following steps to assure your employees that they have a stable job:
- Transparency: Employers should inform their employees about current business strategies and developments. This way, they feel they are involved in decision-making and have more control over their job.
- Permanent employment contracts: By offering your employees permanent contracts, you give them the assurance that you are happy to keep them with your company for a longer period of time and thus take away the feeling that they have to keep their eyes open for a new job.
- Perspectives within the company: Create work packages with interesting and challenging tasks that allow your employees to work on their skills and knowledge. This can increase motivation for calculative employees, as they will not only have to rely on a certain position, but also have the chance to advance in your company.