Jun 18, 2014
By Bob Komsic
Some may beg to differ, but a new report suggests job stability’s as prevalent as ever.
Economists with the CIBC found it’s at an all-time high – or – at least at a record high since Statistics Canada began gathering such data in the 1970s.
Extrapolating from the federal agency’s numbers, the economists says there’s a 60 % chance Canadians will stay with an employer after their first year and a 95 % chance of them staying with the same company for five years or longer.
And it’s got nothing to do with loyalty.
They believe it’s more to do with fear.
Employers fear losing skilled and trained staff and are willing to pay more to keep them.
Employees fear being replaced by the many looking for work.