Which Jobs Have the Lowest Tenure?
Don't expect a web developer or investment banker to stay put for long
As companies are forced to restructure their workforce, we decided to look at which jobs have the highest and lowest tenures in our latest labour market analysis using Revelio Labs data. Below are the results from high to low:
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We believe there are a few ways to look at this:
- Many jobs with low tenure skew toward young people, who change positions more often as they explore different careers.
- Jobs with transferable skills increase exit options for employees and, as a result, have lower tenures. For example, Investment Bankers see attractive opportunities after working for a short period. Meanwhile, jobs that provide skills that are occupation-specific, like Nurses, have longer tenures.
- The structure of an industry also matters. Pilots and Flight Attendants have long tenures because there are only a handful of firms competing for their talent. Web Developers, on the other hand, have many more firms competing for them.
- Lastly, employees in occupations with higher demand have the luxury of switching companies more frequently because the risk of unemployment after exiting is low. This increased mobility should further improve fit between employees and employers in those industries.
If you have any ideas of other metrics to track or would like to hear more about Revelio Labs or this labour market analysis in particular, please feel free to reach out to us. Please also check out some of our other recent newsletters, which include looks at companies that have the highest overhead and companies most positioned for remote work.