Do you think businesses should hire employees for their entire lives?
Job security is very important for both the employee and the employer. For the employee, job security is important because she can depend on her source of income and better plan her future accordingly. For the employer, the employee represents an investment because of the number of hours of training required and the company will continue to have a return on this investment. As we all know, feeling secure about where our future income will come from is very important for our well-being anybody who has lost a job and has had trouble finding a new one knows that this transition period can cause a lot of anxiety.
However, job security tends to lead to decreased productivity. In general, employees who are certain that they can never lose their jobs tend to work less efficiently, thereby contributing to an overall reduction of productivity in the company. A common example all over the world is that of civil servants. In Thailand, for example, many government workers are so indolent that it can take days or months for something to be finished that should only take a few days. It is not uncommon to walk into a government office and see employees filing their nails, making personal calls on the telephone, taking three-hour lunches, or surfing the Internet for fun.
Finally, the model of capitalism is proving to be the most efficient model that we have right now.