Today's Labour News

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BusinessTech reports that Pnet has published its latest Job Market Trends Report, which points out that long-term employee tenure enhances productivity, stability, and expertise and helps foster a reliable and experienced workforce.

That said, long-standing employees may resist change and become complacent, whereas short-term employee tenure introduces fresh ideas, adaptability, and ambition. A balance can optimise organisational success. Pnet’s data shows that average tenure is three years and one month, but this differs across sectors. Business & Management roles, which demand higher expertise and offer better pay, have a long average tenure (4 years and 10 months). Telecommunication, however, tops the charts at 5 years and 2 months, followed by Marketing (4 years and 11 months). At a more granular level, middle management tend to stay in their roles for longer than executives. On the other end of the scale, job roles that have short employee tenures include those in science and technology. Admin, Office & Support roles show potential for very long-tenure of up to nine years. The analysis, based on the last five years, highlights the most actively job-seeking employees. It found that 16% of finance professionals applied for jobs within the first six months of having started a new job (13% for information technology professionals). On a job role level, 23% of payroll & wages professionals keep applying for jobs despite just starting a new job, followed by staff recruitment & selection professionals (18%). On the other end of the scale, the sectors with the lowest percentages of professionals searching for and applying for jobs within the first six months include transportation (4%) and restaurant & hospitality (2%). Notably, taxi drivers and chauffeurs have the lowest chance of looking for a new job in the first six months of starting a new job:

  • Read the full original of this interesting report in the above regard by Luke Fraser at BusinessTech

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