May 10, 2012, 6:00 am

Do You Care About Job Security?

by: MD    Category: Career
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How important is job security to you? Are you worried about losing your job tomorrow?

I understand that anyone with a family, kids, a mortgage, car payments, or any other real responsibilities is obviously going to want job security. You want to know how much money you’re going to have coming in so that you can cover your current expenses and plan for the future. I totally understand that aspect of job security. Nobody wants to work in an industry with a high turnover rate when they have a family because they want to be able to put food on the table.

There’s one problem though. I want to ask you a simple question:

Do you care about job security too much?

I’ve recently encountered buddies that are far too concerned with job security. These are talented young people that could reach their goals if they worked for it Allow me to share a quick story.

At my part-time job, a friend of mine took a full-time position. His new position doesn’t fulfill him at all and he gets paid enough just to not quit. He’s never happy at work nor does he feel stimulated for one minute, yet he chose to accept a permanent position. Why did he do this? Because he feels that his job his stable and he wants job security. I think that he’s far too talented to be concerned about job security.

Should 25 year olds care about job security?

I don’t think so. At this age you have all of the energy in the world and you’re ready to grab a hold of life. Sure it helps to have a steady gig so that you can budget your money. I get that part. However, your only concern shouldn’t be money in your 20s. You could be apart of something remarkable or work on stuff that actually interests you. You can get that steady job in a few years. You don’t have to settle for the first secure gig that comes your way in your 20s.

When is job security important?

  • When you have bills to pay.
  • When you don’t have a backup plan.
  • When you don’t have an emergency fund.
  • When you prefer stability.

Should you quit your job, following your passions, and travel the world?

“Transferring your passion to your job is far easier than finding a job that happens to match your passion.” — Seth Godin

Not at all. As much as I praise the idea of “working for yourself/following your passions” or whatever else you want to call, I do realize that it’s not for everyone. I have buddies that are huge risk takers in real life, but don’t care for risks with their income. Not everyone is meant to be self-employed and traveling the world like Tim Ferriss. It’s cool to work for a small startup or to accept work in a field that has a high turnover rate. You don’t have to ditch job security for self-employment.

I recently brought up a challenge to make an additional $5,000 in freelance income this summer because I do believe that we all have the potential to make more money in our 20s. We just get too distracted with dating, media, and other useless crap. If we can filter out the useless stuff once in a while, we can make find time to work on cool stuff.

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Comments

I do care about job security in the sense that I wouldn’t want to work for a small contractor that lays people off a lot when they run out of work. However, I would be most worried about job security if I didn’t have it due to my performance. I want to perform well and if I’m not then I would be worried about my job security and I think I’d mostly only worry about it in that sense. However, I don’t have performance problems so currently I am not worried :).

I never cared about job security until I became a senior citizen. I am not looking for a job, but it is very different when you are older. Companies do not want to hire older workers.

Forget job security when you are young. If you stay in your job too long and get your 4% raises per year, you won’t get anywhere. If you jump between jobs, that is when you start to make the big bucks.

[…] 1. Do You Care About Job Security? @ TFB. […]

It’s all about taking risks when jumping from jobs to jobs. If you’re being safe and stay at one job, you’ll never get anywhere.

[…] Financial Blogger people if they care about job security and talks about why poeple often care about it too […]

I cared way too much about job security in my early 20s. I literally wasted 5 years of my life in a dead end job just so I could feel stable. I much prefer the stress of self employment over the stress of feeling like I am wasting my life.

Well, I don’t think dating is useless but I did have a good time in my 20s. It can lead to getting distracted but you can also get married to your soul mate who’s really awesome! But, there’s no job insurance and no one’s job is totally secure. Everyone should have a backup plan.

“We just get too distracted with dating, media, and other useless crap. If we can filter out the useless stuff once in a while, we can make find time to work on cool stuff.”

are you sure? Why do we earn money? to enjoy life or to work more?

[…] The Financial Blogger – How important is job security for you? Job security when you are young is not all that it’s made up to be, because staying in your job too long and getting  4% raises per year wont get you ahead. So, do you care about job security? […]

Hey SB. Thanks for your comment. I believe I need to explain myself better here. What I meant is that we get so distracted with random stuff that we don’t have time to work on our own projects. What this means is that many of us want to start a business or do something fun for money. We just “can’t find time” because we have so much other stuff on our minds.