Workers are feeling insecure about their jobs. Here’s how it impacts companies

Last Updated on March 1, 2024 by Robert C. Hoopes

Employee job insecurity is on the rise, according to a recent report by Inc. The report highlights a survey which shows that more American workers are expecting to experience a loss of income in March than they were back in January. While layoffs and unemployment rates remain relatively low, the overall concern for job security is increasing among employees.

This feeling of job insecurity is not limited to a specific income level, as individuals across various salary brackets are feeling uncertain about their employment status. Surprisingly, those making over $100,000 per year are reportedly feeling the most insecure about their jobs.

The impact of employee job insecurity goes beyond just the individual, as it can lead to decreased productivity within companies. A study conducted by the Centers for Disease Control and Prevention in 2019 found that perceived job insecurity is directly linked to reduced engagement in the workplace. In fact, disengagement costs the global economy a staggering $8.8 trillion in “untapped productivity opportunity,” according to Gallup.

To combat this issue, Inc. offers tips for companies to help improve employee engagement and combat the effects of job insecurity. It is essential for organizations to address these concerns and create a supportive work environment to ensure that employees feel valued and secure in their roles.