Job Security

From the Contract Employee's Handbook, Appendix B: Glossary of Terms for Contract Professionals:

Job security

Job security is an urban myth. The myth of job security owes its origin to the common misconception among employees that they are somehow entitled to keep their employment with a given company in perpetuity. In fact, there is no job security. Employment with a given company is not an entitlement, and the right to continued employment is a myth. Another urban myth is that of job loyalty. Job loyalty arises from the misconception among many employees that if they show loyalty to their employer, their employer will reciprocate with loyalty toward the employee. As Dan Pink points out in his enlightened book Free Agent Nation, conventional wisdom dictates that workers trade loyalty for security, when, in fact, a more realistic assessment shows that workers instead trade talent for opportunity.