Why would I want a ‘job for life’?
The concept of a job for life seems very outdated in this day and age. Not having any job security can be unsettling, but the fact your company is stable and profitable may not be as attractive to employees as you think.
We all know that we want different things from an employer at different stages of our lives. Those entering the market for the first time may be looking for development and training opportunities, use of up-to-date technology, or a great social working environment to keep them engaged and challenged. But those of us who have been working for a while may be seeking new career opportunities. This might mean changing jobs in order to take the next step on our career path, or staying with our current employer, knowing that we are next in line for a fantastic opportunity due to succession planning and good talent management.
Depending on your role and the area you work in, it may no longer be attractive to a recruiter to see that you’ve only worked for one company for the past 10 years. Things have changed; a variety of experience in different companies could be more attractive, while staying put and showing loyalty may no longer lead to you being considered over someone who has job-hopped every few years. After all, why wouldn’t you want to attract someone who has already been trained and gained experience through more than one of your competitors?
There is nothing wrong with offering security but, in my experience, culture, values, reward and recognition are more important, along with clearly defined roles and career paths to encourage people to stay with your business for a longer period of time.
The world is changing and, while some of us still want a job for life, there is a whole generation who won’t even understand the concept! For more information about attracting and retaining new and existing employees, please do not hesitate to get in contact with one of our consultants who will be happy to discuss this matter in more detail.