Today I want to talk to you about a concept that’s slightly different.
In this video, I talk about the differences between career security and job security some of the benefits of thinking the way that I’m encouraging you to think about career security instead of job security.
How Career Security Is Better Than Job Security
What are the differences between the two?
We all know what job security is. Job security is the feeling of security that you’ll have the job that you’re doing today is going to be there tomorrow when you show up or the next day or the next week or the next month or however long your time horizon is for you know feeling secure in your job.
So for most people who have permanent positions or permanent full-time positions especially if you work for a larger company or you work for the government there is a sense that that job is going to be there continue to be there from on a day to day basis. Right. And that is basically what job security means is that there is some stability in the fact that you are in that job and you’re not gonna be forced to look for another job anytime soon without any clear warning.
Career security is a very different concept in that because what it does is it basically gives you that same sense of security but it’s not tied to any specific job.
So with career security what you do is you still get the sense that you are secure in your ability to perform in your career without necessarily having to rely on one very specific job. And so with career security you have, I would argue that you have a much better form of security with career security. It’s not as easy to attain right.
It’s not as easy to get yourself into a position of career security but if you take some of the right steps and you start to shift your mindset slightly from the way that you might be thinking about your career today it’s definitely not impossible for you to be able to shift yourself into a position where you’re aiming to have career security or that you actually achieve career security over job security.
So let’s talk about what career security actually means career security means that you have the ability to perform in your profession regardless of the job that you’re working at today.
Today you might have a permanent position at a company but you have the feeling that you know if something were to happen inside the company let’s say the company runs into some financial problems and they have to do layoffs or if you know the company gets acquired and then there are layoffs because of that or for any other reason you have the security you have the feeling the sense of security that if any type of situation like that arises is that you’re not in fear of being able to find the next role or being able to continue to perform in your profession if anything like that arises.
All right. And so this applies a lot to a person who wants to become a be a consultant or a contractor and if you want to go freelance but if not doesn’t just apply to those folks it also applies to people who are in permanent positions because people in permanent positions can tend to fall into a bit of a trap of thinking that their job is going to be there forever and that that they don’t need to really do anything else to worry about having employment or having the ability to perform in their profession on an ongoing basis.
Especially for people that have been in the job for or at the same company for a long time you can fall into this false sense of security that that job is always going to be there for you and more and more we’ve seen that that’s not that that form of job security that existed maybe in the 40s 50s 60s and even 70s that type of job security is is less and less common in the workplace.
Not to say that you’re not secure in your job right. Majority of people who are in permanent full-time positions usually have you know especially if you’re working for a stable company you’re working for a government where layoffs tend to be a lot less common. You’re probably very secure relatively speaking in the position that you’re in. So I’m not saying that you know people with permanent positions don’t have job security.
What I’m saying is that the form of job security that your parents may have been used to or that the grandparents may have been used to that form of job security no longer exists. And so for you to be able to evolve with that trend in the job market you have to start thinking about your career in terms of career security. You have to be able to say to yourself even if you like your job you know.
I like my job I love the work that I do here but I am not afraid. If anything were to happen to this role. And that’s basically the sense of security that career security gives you right. He gets a higher form of security where you’re you’re at ease regardless of the rumblings that may be going on inside your company or if you are hearing like rumors of you know an acquisition if a bigger company is coming along to buy your company and you know there might be some redundancies there.
People who have a good sense of career security typically don’t panic in situations like that because they understand that their career is secure right. And they take the steps and I’ll talk about some of the things you can do for career security in another video.
But the people who think in terms of career security always take the steps necessary to give themselves that sense right that it’s easy for them to continue in their profession regardless of what happens to that job. So does the definition of career security.
The Benefits of Career Security
I want to talk about some of the benefits and again one of the benefits is in the definition itself is that you know the benefit is that you’ll have a higher form of security. Right.
You have the ability to you know go to work day-to-day without having to think whether you know about whether those jobs are gonna be there for you. And that element right there has two huge benefits.
It has a benefit for you obviously.
But the thing you might not think about is that it also has a huge benefit for your employer because your employer benefits in the following way it’s not another kind of explain the rationale behind this because again it’s one of these things that might not seem like common sense but if you actually think it through, it makes a whole lot of sense as to why your employer your current employer the person who’s hired you right now and the job that you’re in right now why that person might want you to feel secure in your career instead of just in your job. And the main reason for that is that a person who has career security does not ever operate in a scarcity mindset. Right.
The scarcity mindset is one where you’re constantly worried about having resources available to you and put you in a bit of a panic mode where you might feel like well you know I can’t support my family or I can’t you know fulfill my financial obligations I can’t pay my bills.
That being in that mindset erodes your ability to perform in your own job at your current job. Right. And so if your employer is thinking about how they can get the most value out of the work that you do for them it’s in their best interest to make sure you feel secure in your career.
It incentivizes them to create a work environment for you that you actually want to work in. Right. Because that’s where you’re going to be the most productive when you don’t have any fear of any of the things that you know that is really important to you.
It frees up your mind from being able to worry about that stuff and really focus on the work that you’re actually doing. And the other thing that it does is for you is that it gives you the ability to take a little bit of risk and that is something especially as a business analyst a lot of beings tend not to do.
So if you think about yourself in terms of career security think about your own career in terms of security you even if you look at it from the employer’s point of view it’s in everybody’s best interests for you to start working towards career security instead of just trying to hold on to the job that you have that you currently have. Right.
It’s in everybody’s benefit because you’re more productive at work and you are a lot more comfortable in your day to day life. So again I’ll talk about some of the things that you can do as a business analyst to start working toward more of having career security in your career instead of just looking at job security.
I wanted to just kind of put the concept out there so that you’re starting to think in those terms as you’re starting to do work now or whether you might be just starting off your career you want to start off on the right path by making sure you’re thinking about the strategy of your career more in terms of career security. So I’ll leave the video there and I’ll see you in the next video.
Take Free Lessons Of The BA BLOCKS Program
The B.A. Blocks program has been designed specifically to help you understand and overcome the biggest challenges of the B.A. profession.
Sign up for a free membership at LEARN.BA to take the first six lessons of the B.A. Block’s program completely free of charge for your BA career.