What is meant by 'job security' in employment terms?

Job security refers to the assurance that employees will maintain their employment for the foreseeable future without the risk of becoming unemployed. It encompasses the stability and continuity of an individual’s job, providing peace of mind regarding their position and financial security. This concept is critical for employees as it creates a sense of safety, allowing them to focus on their work without the constant fear of potential layoffs or termination.

Having job security typically means that an employee is not threatened by arbitrary dismissal and that there are clear policies and considerations, such as performance evaluations and business needs, that would need to be taken into account before any job loss could occur. In essence, it reflects the commitment of the employer towards creating a stable work environment where the employee feels valued and secure in their role within the organization.

The other options, while they relate to employee benefits and conditions, do not accurately capture the fundamental definition of job security. Bonuses, promotions, and guaranteed raises pertain more to the financial and career growth aspects of employment rather than the assurance of ongoing employment itself.