SEOUL, Aug. 8 (Korea Bizwire) — Over four in ten South Korean office workers quit their job within the first year, a new report has revealed.
According to the report released on Sunday by the Korea Employment Information Service (KEIS) on the job stability of salaried workers, 42 percent of office workers in South Korea leave their job within a year, while 57.6 percent stick to their job for longer than a year.
The figure, according to the report, decreased gradually as the length of stay at work increased, with 38.2 percent staying at the same job for over two years while 28.4 percent stayed for three years or more.
However, those who had worked at the same job for over a decade only accounted for 10.5 percent of the total.
When broken down by gender, job stability among men was slightly higher than women as figures showed over three in ten male workers stayed at the same job for over three years, a number that dropped to 25.2 percent among women.
The figure for those who worked for over 10 years accounted for 12 percent among men, and 8.2 percent among women.
When it came to age, the number of workers in their 40s who stayed at the same job for more than three years accounted for 33.4 percent, becoming the age group that had spent the longest time at one job.
In contrast, the figure among office workers in their 20s stood at only 25.3 percent.
The report also found workers with low education levels tend to move jobs more than those with higher education levels.
The report by the KEIS was conducted based on data gathered from 218,605 businesses and 1.85 million workers registered for the country’s employment insurance scheme between 2005 and 2016.
Hyunsu Yim (firstname.lastname@example.org)