Back in October, federal Finance Minister Bill Morneau spoke about how Canadians are going to have to accept so-called “job churn.”
You can read more about that here, but the latest buzz word from the feds had nothing to do with them trying to restore solid jobs, but rather, how we’re going to have to get used to short-term employment and several career changes over our lives.
Assuming he’s correct, and trends indicate that he is, then young people getting into the workforce these days will not have the benefits and pensions that generations before them enjoyed.
It also means that anyone with golf as a lifetime aspiration may not see that dream come true if he or she is forced to leave the industry at the age of 40 due to lack of work or financial return that won’t even cover the cost of living.
Under such conditions, job security will be a thing of the past, not only for young people, but think about the senior people in any corner of the industry.
If they do manage to successfully spend years at a specific job with one company with corresponding raises in compensation, how big does the target on their backs get when cost cutting takes place? How many people in their 50s, but not yet ready for retirement, do you know who have lost their jobs in recent years?
These days, it doesn’t seem to matter what stage of your career you’re at because job security is apparently becoming a nice memory from the past. That’s cause for anxiety for anybody raising a family, or paying off a mortgage.
Are you feeling that anxiety as we look ahead in 2017? Are you concerned about your job security? That’s the question in this week’s GNN Poll.
You can answer below or on the GNN home page and please feel free to add any comments on this subject in the Comments section below.
How do you feel about your personal job security in 2017?
- I’m a little concerned. (42%)
- It's solid. (32%)
- Hand me the Want Ads. (26%)