Longevity and Turnover
Where Does it Help? Where Does it Hurt?
Express Employment Professionals Study Reveals What
Professions Require Long-Term Commitment
Job Jumping Isn’t Welcomed in Every Industry
Accountants and Professionals Benefit by Staying Put,
Industrial and IT Workers Gain By Moving Around
OKLAHOMA CITY, Sept. 18, 2013 —
In the eighth of a series of releases titled “America Employed,” Express Employment Professionals, the nation’s largest privately held staffing firm, today released findings that reveal the fields in which longevity is an asset and the fields in which turnover is not a problem.
The survey of 264 Express franchises across the nation revealed that longevity matters most in the field of accounting. High turnover, meanwhile, is least likely to be considered a problem in industrial work and information technology.
“There was a time when Americans tended to find a job and stay with that company through retirement. That’s not the economy of the 21st century. Turnover isn’t the exception; it’s the norm,” said Bob Funk, CEO of Express Employment Professionals, and a former chairman of the Federal Reserve Bank of Kansas City. “But not all jobs are created equal: longevity is still valued in some sectors, and it’s important to know where.
“If you’re working in accounting, I suggest you get comfortable and settle in,” Funk said. “But if you’re working in the industrial arena or information technology, the market accepts the fact that people jump around.”
Respondents were asked to name the field in which longevity is the most important. The responses were as follows.
| 1. Accounting, Financial: |
26% |
| 2. Professional: |
20% |
| 3. Engineering, Manufacturing, Technical: |
17% |
| 4. Licensed Medical: |
8% |
| 5. Office Services: |
6% |
| 6. Sales, Marketing: |
6% |
| 7. Human Resources: |
4% |
| 8. Health Care: |
4% |
| 9. Industrial: |
4% |
| 10. Information Technology: |
2% |
| 11. Technical: |
2% |
| 12. Express Business Solutions: |
1% |
| 13. Scientific: |
1% |
Respondents were also asked to name the field in which high turnover is “not a problem.” The responses were as follows.
| 1. Industrial: |
32% |
| 2. Information Technology: |
16% |
3. Accounting, Financial: |
9% |
| 4. Engineering, Manufacturing, Technical: |
9% |
| 5. Home Help: |
6% |
| 6. Human Resources: |
6% |
| 7. Office Services: |
6% |
| 8. Sales, Marketing: |
5% |
| 9. Health Care: |
4% |
| 10. Scientific: |
4% |
| 11. Professional: |
3% |
| 12. Licensed Medical: |
2% |
| 13. Express Business Solutions: |
1% |
| 14. Technical: |
1% |
If you would like to arrange for an interview with Bob Funk to discuss this topic, please contact Sherry Kast at (405) 717-5966.
About Robert A. Funk
Robert A. “Bob” Funk is chairman, chief executive officer and president of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has more than 675 franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than five million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve.
About Express Employment Professionals
Express Employment Professionals puts people to work. It generated more than $2.3 billion in temporary sales in 2012 and ranks as the largest privately held staffing agency in the United States. Its goal is to put a million people to work.