Thursday, December 20, 2012

Career Job a Myth

The idea that our fathers and grandfathers had long-term careers with one employer is mostly a myth, says the Employee Benefit Research Institute. Median job tenure (length of time with current employer) for men in their prime working years--aged 25 to 64--was never all that high and is not much different today than it was in the past.

Among men aged 55 to 64--the age group most likely to have been with their current employer for the longest period of time--median job tenure was just 9.3 years in 1951, climbed to a peak of 15.3 years in 1983, fell to 9.5 years in 2006, and stood at 10.7 years in 2012. "Career jobs never existed for most workers and have continued not to exist for most workers," EBRI concludes.

Source: Employee Benefit Research Institute, Employee Tenure Trends, 1983-2012

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