With the price of living continuing to rise and many people’s retirement funds having been cut significantly after the recession, it seems that Americans are now working longer for these reasons and more. The overall median tenure of workers (the midpoint of wage and salary workers’ length of employment in their current jobs) was slightly higher in 2014, at 5.5 years, compared with 5.0 years in 1983, according to research from the Employee Benefit Research Institute (EBRI).
What is one of the major factors for this growth, you ask?
Women remaining at their jobs longer, while it seems the job tenure for men is dwindling. In fact, the median tenure for female wage and salary workers increased from 4.2 years in 1983 to 5.4 years in 2014.
“That means the increase in the median tenure of female workers more than offset the decline in the median tenure of male workers, leaving the overall level slightly higher,” Craig Copeland, EBRI senior research associate and author of the report, said in a statement. “The high tenure trend is being driven by women.”
So, what does this mean to you as a woman looking to continuing to advance your career? In spite of the fact that it is more common these days to change positions/companies much more regularly than in years prior, there is a greater percentage that you will be able to keep your career blossoming like a spring flower for longer than ever before!