The amount of time employees stay with a single company can tell us a lot about the regional labor market. Short tenures can be a sign of labor market instability, but can also be a consequence of a natural dynamism in regional labor markets, as employees and employers go through several iterations to find a good fit.
Below, we take a look at the median employee tenure by country.
Japan is a notable outlier, with a long history of lifetime employment at the same firm. The US, perhaps surprisingly, has longer tenures than most European countries, who have a reputation for more rigid labor market practices.
Within the US, we see significant heterogeneity by urban concentration. Mega-cities, known for their labor market dynamism, indeed have the lowest tenures, and the long tenures are really driven by the more rural areas of the US.
Key Takeaways:
To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.
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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.
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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.
