How work history correlates with retention
Explore how a stable work history correlates strongly with retention in a new sector
Another background characteristic of new entrants we explore is their working history. The first measure in this section is examining how long the new entrant had been working in their industry leading up to entering their new sector. We find that those who had showed stability with a long history of tenure in their prior industry were more likely to be stable and remain in their new sector.
A new entrant with five or more years of experience in their prior industry was 2.2 times as likely to remain long term in their new sector, over a new entrant with less than one year of experience.
The next work history stability measure we follow is the number of industries new entrants have worked across prior to starting in their new sector. We find that new entrants with a history of jumping across industries are less likely to retain within their new sector.
We check whether the prior industry was related to the new sector they moved into, i.e. agriculture for the dairy farming sector. We find that new entrants with experience in the related industry are more likely to retain within their new sector.
Lastly we check whether new entrants have a history of beneficiary income. We find that new entrants with no history of beneficiary income were 2.3 times as likely to accumulate at least five years of tenure within their sector, in comparison to those with a history of more than six months of beneficiary income.
The following dashboard breaks apart unrelated industries, allowing a closer look at how new entrants are retained from each industry.
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