Job Security is Gone: Now
Create Your Own “Career Security”
Dr. Greg Ketchum, 11/15/03
Economy has added jobs for 3 straight months.
Unemployment went from 6.1 to 6.0%. Total nonfarm
payroll employment rose by 126,000 in October.
This followed increases totaling 160,000 in
Aug & Sep. During the Feb-July period, payroll
employment had decreased by an average of 85,000
per month. USDOL
News – The End of Job Security
At the same time, even if we get back up
to the same employment levels we saw in the
90’s the era of “job security” is over meaning
that it's foolhardy to depend on your employer
for security. In the old days (20 years ago)
if you did a good job you could pretty much
expect long-term employment along with regular
promotions and raises. Now we are in a world
economy and even if you're doing a great job
for your company, your job itself could be shipped
overseas as part of corporate outsourcing. More
companies are paying people for their performance
& contributions, not their position.
Career research findings estimate that the average
American who began their career in the 1990”s
will likely work in 10 or more jobs for five
or more employers before retiring.
What to Do: Create
Your Own “Career Security”
The only way to create any security for
yourself is to invest in your career and build
your own “career security” meaning…
- Start thinking like an entrepreneur, ie.
My career is my “business.”
- Increase your marketability including choosing
assignments that boost it.
- Manage & build your skill portfolio
based on researching workplace trends,
- Build a solid track record of accomplishments
& adding value to your employers.
- Find your talent & motivation and build
your career from there
In order to succeed in the 21st Century
workplace and make the switch from expecting
“job security” to creating “career security”
take these 3 action steps.
Stop Thinking Job, Start Thinking Career
& Plan Accordingly
Quit thinking in terms of “my job
is my career.” It’s not. Put a career plan in
place. Blend what you’re good at with what you’re
passionate about. Read up on how to be an entrepreneur.
You know what they say, if you don’t know where
you’re going, any road will get you there.
Focus on Skill Development & Increasing
Research workplace trends and add
skills accordingly. Always be looking for ways
to increase your marketability & take assignments
with that in mind. Take the high pay, low learning,
or the high learning, low pay, not the low pay,
low learning jobs.
Start a Career Management Group
You can’t tackle all of this on your
own. Get together with a buddy and form a career
management group. Each of you invite 2 other
people. Meet once a month or quarterly to coach
each other in developing your careers. Have
each person bring a recent article that relates
to careers or the future of work. Consider getting
a career coach.
The bad news is that job security is over for most jobs.
The good news is that gives you much more freedom to create
the career you really want. Remember, with freedom comes
responsibility. It’s your future and it’s up to you.
If you’ve got work or career topics you’d like to see
us address, just send me an email at email@example.com.
®2004 All rights reserved. Gregory
A. Ketchum, Ph.D.