JOB SECURITY

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Definitions

the amount of assurance a person has that he will have continued employment with a firm. This comes under the subject of conditions of employment which are covered in the contract of employment or collective bargaining agreement. Usually this is a set of rules which govern continued employment so that an employee knows he can hold his job with resulting security providing he adheres to the conditions of employment. For example, he knows he has 10 days sick leave per year during which he cannot be fired or his job taken by another. Where a firm employs on a first in, last out basis, a person's job security grows as his seniority increases.