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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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New Government Figures Show Employee Retention Climbs a Bit
Nevin Adams, Employee Benefit Research Institute [EBRI] Jan. 13, 2013
"[T]he latest data on employee tenure from the January 2012 Supplement to the U.S. Census Bureau's Current Population Survey (CPS) show that the overall median tenure of workers ... was slightly higher in 2012, at 5.4 years, compared with 5.0 years in 1983. In fact ... the data ... show that those so-called 'career jobs' NEVER existed for most workers. Indeed, over the past nearly 30 years, the median tenure of all wage and salary workers age 20 or older has held steady, at approximately five years."
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