Re:Employees Who Stay in Companies Longer Than Two Years Get...
by JumpCrisscross on Wednesday June 05, 2024 @05:39PM
(#40590931)
> than enduring getting laid off
“Probability of job loss is strongly monotonically declining in tenure,” with job-loss probability falling from 15% for first-year private sector employees to 5.8% after twenty years [1].
(If you’ve ever had to do lay-offs, you know that it’s easier to lay off the new guy than someone with deep ties to the team.)
“Probability of job loss is strongly monotonically declining in tenure,” with job-loss probability falling from 15% for first-year private sector employees to 5.8% after twenty years [1].
(If you’ve ever had to do lay-offs, you know that it’s easier to lay off the new guy than someone with deep ties to the team.)
[1] https://www.princeton.edu/~ceps/workingpapers/171farber.pdf page 31, Figure 16