Understanding what job insecurity is
What is job insecurity?
Job insecurity is synonymous with a thorn in one’s side; it constantly nags at you. It refers to the state of being insecure or unsure about your employment. This can cause stress or anxiety for people who spend a lot of time thinking about how uncertain their employment status is. Job insecurity is the opposite of job security, where people are confident of their employment status and their employment tenure. There are two main types of job insecurity: chronic and acute.

For example, during the height of the COVID19 pandemic, people were uncertain of their role in their workplace because companies were laying off workers and cutting down work hours. People who were worried about being laid off during the height of the pandemic were experiencing acute job insecurity. However, some people weren’t laid off at that time but are uncertain if that will remain the case if COVID-19 exists. These people are experiencing chronic job insecurity. The worry and concern about potentially losing their job are long-lasting. It happens. Sometimes people don’t know where they stand, especially in a case where the majority of their employment opportunities are unstable.

Let’s break down five (5) ways how you can reduce job insecurity.
1. Become an entrepreneur!
This is one of the greatest tips for reducing job insecurity. Being your boss removes the stress of being fired or laid off. It also allows you to work at your own time and paste. As an entrepreneur, you will have access to all the information about your business; therefore, you can create a plan or draft up solutions for current and future problems. You have more leverage if you become an entrepreneur.
2. Create multiple streams of income.
Yes! You can ensure that money is pouring in from all corners. You can have your 9 to 5 and still be an entrepreneur. It’s called balance. You can decide to invest in multiple entrepreneurial ventures because this will add stability to your income. For example, you won’t need to stress losing your job if you have two other businesses bringing in cash. AT least you will have something to look forward to until the next opportunity comes along. Multiple income streams create security, so people shouldn’t consider this option.
3. Get qualified.
I know you’ve heard this before, but it’s true. Getting qualified and pursuing a higher degree puts you at an advantage. Employers are more likely to lay off someone who is not qualified in comparison to someone who is trained. For instance, a person with a master’s degree is more likely to experience job security than a person who has a high school diploma. Several people have a high school diploma, so the pool to choose from is excellent. The United States Census Bureau found that 90% of Americans hold a High School Diploma while only 13% hold a higher degree, including a master’s degree? Do you see the gap? Getting qualified can seriously boost your job security.
4. Engage in certification programs.
This is also a great option alongside getting qualified. Certificate programs equip you with skills and knowledge that can be used in the workplace. Employers often ask if a person has a specific certificate that can boost their chances of being more of an asset to the organization. For example, most employers request a First Aid Certification. Perhaps this could be one of the certification programs you complete even before applying for jobs. This will add strength to your resume as well.
5. Remember that you are more than just an employee.
Remember, your life doesn’t revolve around work. Yes, I agree! It is essential to your livelihood. But it shouldn’t define who you are. You shouldn’t sit around and worry about your employers’ next move. It would be best if you focused on your next move. If necessary, you should never give up on finding new jobs, but the best bet is to create your job! Be your boss. Put you first. Put your mental health first. Put your family first, and all will fall into place.
Key Takeaways:
  • Job insecurity is the opposite of job security. A person is not as confident about their status in the workplace.
  • There are two types of job insecurity: chronic and acute job insecurity.
  • You can reduce job insecurity by becoming an entrepreneur, creating multiple income streams, getting qualified, engaging in certificate programs, and putting yourself first.