Finance News & Insights

Labor Bureau pinpoints how long your workers are likely to stay

If you’re wondering how you stack up against other firms when it comes to retention, you’ll want to check out this report.

The median number of years that an employee is likely to stay with one company is 4.4 years — according to a new report by the Bureau of Labor Statistics, which measures employee tenure every two years.

These findings are a slight bump from the 2008 BLS report, which found that workers last a median of 4.1 years.

The report also found that age plays a huge role when it comes to employee tenure. For example, employees ages 55 to 64 had a median tenure of 10 years, where as for workers ages 25-34, the median was just 3.1 years.

As for the specific industry that has the best track record for retaining workers, manufacturing tops the list with a median tenure of 6.1 years. The worst? Leisure and hospitality with a median of 2.5 years.

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