In response to Vivek Thakkar‘s blog post
It is surprising to see that a company as strongly established as HP would lay-off employees due to “the decision to buy companies which were not worth the price paid. A wrong decision by the CEO” . they should recognize the importance of job security to the employees.
Employers must not ignore the importance of offering employees job security, as it allows employees to feel secure, and increase their willingness to contribute time and effort into the company. Moreover, employees would be more eager to think of novel ideas for improving the competitiveness of the company in their field. Ultimately, this is beneficial to the companies as it greatly improves overall performance. Thus, offering long-term job security for employees could be viewed as a means to motivate workers and increase productivity. Evidence to that would be in most motivational theories including Maslow’s Hierarchy of Needs and Herzberg’s Hygiene Theory. Those two theories could be summarized in the pictures below.
Herzberg’s Hygiene Theory
Maslow’s Hierarchy of Needs