Importance of Employee Security - Essay Example

Management practices that view employees as the organization’s assets lead to its financial success. Some managers are not very keen on such management practices and principles denying themselves the competitive advantage resulting from their employee’s well-being. According to numerous research conducted in several industries, an organization’s development has been attributed to the implementation of high involvement or high management practices. The management practice that I find most surprising is employment security.

Employment security is an important practice of management that determines the organization’s success due to employee engagement and motivation. If employees feel that the increase in productivity will threaten their jobs due to innovation and mechanization, they may fail to engage in productivity improvement and other forms of cooperation. Employment security facilitates the implementation of other high-performance management practices such as extensive training. An example of a practical experience is the case of General Motors as it aimed at implementing a new arrangement of work in its Saturn plant in which case the management guaranteed the employees their job security (Pfeffer and Veiga 40). Once employees have the assurance that their employment will not be interfered with, they tend to work harder and offer their knowledge and efforts to increase the productivity of the organization. Laying off of the employees that a company has spent resources training and developing their talents is a great loss as it opens unhealthy competition from other closely-related firms. Employment security can be guaranteed by taking obligations with the workers' unions, which intervene in case an employee is dismissed unlawfully. 

Firms may lay off their employees due to some financial strains, but the action leads to losses, as the company has to pay benefits, which consumes its finances leading to more strains. The biggest loss is to those companies that offer extensive training and development to their employees because they lose the talents and abilities of these workers (Pfeffer and Veiga 40). Job security helps in building employee partnerships in various organizations, especially in the long term. Many firms will pursue short-term benefits at the expense of their employees' job security. Such firms find themselves in difficult situations since their employees have low morale and are less productive leading to the company’s poor performance. When companies or organizations spend resources in acquiring and training their workforce, the management should always aim to maintain their employees for a longer period instead of hiring new workers now and then. The practice helps the employees work in a relaxed mood and feel more attached to the company and pay more loyalty to the employer. The effect of this is increased productivity, less competition, innovation, and the tremendous development of the organization.