Damn bro, are you the economy? Your midsection is a total inflation and your hairline’s in a recession. Looks like you’re heading for a deep depression! 🤣🙈
Gone are the days of working at the same company from your teenage years to retirement. According to a new NerdWallet report, job tenure (the length of time worked at a job) is on the downswing. ⏬ Let’s dig into the data!
Here’s Five Fast Facts on job tenure:
- 🤓 Trend Train - Between the 1980s and 2010s, job tenure was on the rise. However, in 2014, things started to trend downward. Back in 2014, median job tenure across age, occupation, and industry came out to 4.6 years. Fast forward to 2024 when that number clocked in at 3.9 years. Now, we’re experiencing the shortest job tenure in over two decades.
- 👫 Battle of the Sexes - Men tend to have longer job tenures than women (don’t settle for less than your worth, ladies). During the 2010’s that gap was closing but now it's widening again. Tenure also tends to increase with age. The older you are, the more time you’ve spent in the workforce.
- 🎩 Like a Boss - Which jobs have the most tenure? Management gigs. People in management roles have an average tenure of 5.7 years. Companies like to promote loyal employees into supervisory roles, so this tracks.
- 🌟 Pretty Perky - While changing jobs can often help you snag a bigger paycheck, don’t forget about the perks that come with sticking around. For example, tenured employees tend to get more PTO, more job security, and access to more career development opportunities.
- 💸 Upper Hand - Another perk of staying in a job long term? It’s a bargaining chip. Having a decent amount of tenure makes you pretty valuable and your boss is more likely to give you what you want. Go ahead, ask for that raise, king.
🔥Bottom line: Look, we get it. Some jobs make you want to break the glass and jump out your cubicle window. If you’ve been fired for poor performance, check out this article for tips on how to bounce back. Having a hard time finding work? Head here to learn how family and friends can help.
How long have you been in your current job?
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