We all know about term limits for politicians, but on Wednesday, I learned about new term limits for workers. If you have not heard, Revel, Atlantic City’s Newest Casino is setting term limits for their front-line staff. When their term runs out (4-6 years), they will be required to go through the hiring process again. Yep, that means reapplying for one’s job and competing against other job candidates.
WHAT IS YOUR INITIAL THOUGHT?
Is it a good thing?
- By having such a policy an employer will “attract the most highly professional people who are inspired by a highly competitive work environment” – says Revel.
- Since Managers aren’t required to reapply, this “requirement” will motivate people to move up in the organization
– OR –
A dreadful employment practice?
- Such a policy may be an excuse to take advantage of desperate job seekers
- Simply a way to weed out older workers
From a Human Resources perspective, it is easy to see both sides of the coin here. My one exception however, is the argument that the policy does away with job security for these employees. I would like to ask these folks where is there job security on the job these days? Is one’s job really secure any longer? Many workers are employed At-will these days, not to mention all of the Reductions-in-force we have all seen in the past few years – and that’s in both the public and private sector. I think we are all aware of the economic climate as it relates to employment, which probably explains why such a policy that may be unpopular with some hasn’t stopped the hundreds of people who have already agreed to work under Revel’s term limits!