What Job Security Means In Nepal

There are in general two types of workforce management systems, worldwide: first, the American hire-and-fire system; and second the Japanese long-term work system. In Nepal, people usually seek long-term work in government or public sector as private sector is not well known for adhering to the concept of job security.

One of the many the main reasons for job change is the imbalance between the expectations of employers and the expectations of the employees. In terms of turnover, middle level and top level managements have very high turnovers. But most common people working in regular jobs continue working despite their dissatisfaction.

Nepal’s economy is largely a remittance based economy.  Supported by remittance, Nepalese have been increasingly consuming international goods. So the main manpower has now shifted toward marketing those goods, which sets up an easy environment for hiring and firing employees.

If one is looking for a job which promises a strong job security, then the banking sector, insurance companies, industries or factories are highly suggested. However, even opportunities in those areas in Nepal are also very limited due to the advancement of technology, which requires fewer and fewer manpower.

Job security plays a major role in providing a concrete outlook on one’s future, and helps make it easier to plan for our other. Even though many people think that job security is based on the type of work or industry they are engaged in, what is often overlooked is the fact that it is also to a large extent based on the worker job appearance. The better you work, the more secure is your job, in Nepal and anywhere else in the world.