Seniors search employment session on the 2024 Restart Job Truthful held in Gwanghwamun Sq., Seoul, on Oct. 24. (Yonhap)
Six out of 10 newly employed staff go away their jobs throughout the first 12 months in South Korea, authorities knowledge confirmed Sunday.
The report, from the Korea Employment Info Service below the Labor Ministry, exhibits that solely 40.1 % of wage employees — these subscribed to employment insurance coverage schemes after being employed — retained their positions for greater than a 12 months as of 2021.
The speed of staff staying of their jobs for over a 12 months has been steadily declining, from 42.2 % in 2021 and 41.2 % in 2017. Though it briefly rose to round 42 % in 2018 and 2019, it dropped to 39.6 % in 2020 and solely barely elevated to 40.1 % in 2021, possible impacted by the pandemic.
Jang Sa-rang, a senior researcher and writer of the report, stated that job stability is polarizing, with safe jobs turning into extra steady whereas much less steady positions develop more and more precarious.
Concerning gender, girls had a decrease job retention price (37.9 %) than males (42.4 %) for employment lasting over a 12 months in 2021. Age additionally influenced retention, with older staff, 60 and above, at 34 % and youthful employees below 29 at 37.4 %, each decrease than these of their 30s (46 %) and 40s (43.8 %).
