What’s Behind The Drop in Job Tenures?
Tenure continues to decline since its high in 2012. Research shows that female workers, and younger workers overall, were more likely to be short-tenured employees.
Tenure continues to decline since its high in 2012. Research shows that female workers, and younger workers overall, were more likely to be short-tenured employees.
Researchers assessed the feasibility of a current Large Language Model performing tasks based on specific skills. They examined over 2,800 skills in Indeed’s taxonomy. And guess how many of those skills were rated as “very likely” to be automated by GenAI? Zero.
Insights on worker sentiment, from the Glassdoor Employee Confidence Index (Daniel Zhao) – Sluggish hiring is likely dampening worker sentiment as laid-off workers and new hires find it difficult to get their foot in the door and even employed workers feel stuck in their jobs.
US labor productivity has soared in the last five years, far more than other countries. The U.S.’s comparative advantage in technology likely played a key role. Other factors include a more flexible labor market, stronger investment in innovation, and a robust government stimulus that helped fuel a faster post-pandemic recovery.
The premium earned by Americans with advanced degrees (Guy Berger, Ph.D.) – How much more does an advanced degree pay out? It’s the lowest premium since 2000.
Hundreds of millions in new funding opportunities for skills training have been announced in recent days.
Generally they are still in the early stages of development. Without significant revenue, they do not have the resources to hire a large sales team or invest in complex sales infrastructure.