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Good question. The bad ones don't go away immediately. They go away eventually, and are quickly replaced with another round of new hires. So you have maybe 10%
by fecak 5y ago
Good question. The bad ones don't go away immediately. They go away eventually, and are quickly replaced with another round of new hires. So you have maybe 10% of the industry that stays for the long haul, and 90% is a revolving door of college grads.
There are probably other industries that have similar models where most of the workforce is newbies at all times, but I don't have an example that won't be dissected.
- selfhifive 5y agoThat's a great description of software consultancy firms. Most people are fresh college grads who leave after their first contract is up or earlier.
- fecak 5y agoThe bigger ones, yes. Not boutique/niche firms, but large ones tend to churn.
- nsv 5y agoWell, retail and food service is a classic example of a high-turnover industry.