Posted on 05/10/2016 3:02:25 PM PDT by nickcarraway
A new poll says more than 40 percent of America's baby boomers stayed with their employer for more than 20 years. But it's unlikely that their children or grandchildren will experience the same job tenure.
The survey of more than 1,000 Americans 50 and older by the Associated Press-NORC Center for Public Affairs Research shows that 41 percent of those employed workers have spent two decades with the same company, including 18 percent who've stayed at least 30 years.
But it's a trend more common among the older baby boomers than younger ones, and traditional pensions appear to be one of the driving factors.
(Excerpt) Read more at nbcsandiego.com ...
I did get pension-whipped back in those days but the longest tenure I achieved was 15 years between layoffs.
I have been with the same company 34 years now, it was my fathers and since he died now it is mine.
43 years this June.
Of course, tomorrow is a big lay-off
Could be my last day...
Did 25+ with GE until I couldn’t take it anymore.
Did 12+ with the last until I couldn’t take it anymore.
We’ll see how the current one does....I only need 9 more years to the end of the line.
Yup,I did...and so did my Dad.It’s what you did back then.
22 years USN, 25 years with a truly great company. Retired and loving it.
Sometimes it is best to move around. You may get 5% or 10% or much more depending on the line of work you are in. I went from below $8/hr at the first job and now make much more after working at 5 jobs. I should have moved around more but I am 9 years away from retirement so I do not think I will be attempting the fates.
I had 1 co-worker quit after starting just 9 months before at the internal Help Desk job to work at another company that gave him a 40% raise doing the same work. He notified another here that there was a job opening a few months later and that guy got a 50% raise making in the low 60’s. I had to be here for 13 years to get close to that money.......
I started in the computer software industry in 1984 with no pension. Since then I’ve never lasted at any company past 9.5 years, through no fault of my own. I can name all the companies. Mini-computers, disk drives, semi conductor, gas and fluid process control, now medical.
I last worked with people who were there 20, 25, even 30 years. These people are now getting laid off or will be. Many will retire. Those that cannot are screwed. For every one of them are 10 or 20 H1-B visa holders from India who are trained in the latest technology and they aren’t.
I lived this for two brief months. I saw. I overcame. For now.
Good luck?
Sorr, I meant good luck, no question mark.
I did 42 but the company had three different owners during the period. It’s recently changed again.
The third owner was private equity and they squeezed out all the old guys like myself.
Longtime workers at Apple are in bad shape. They get laid off, and then it's really hard for them to get jobs. They've been using proprietary technologies and doing things the Apple way. I tried to help a few, but I think they were forced to retire.
Eight years with the first employer, quit for a more ‘stable’ job and got laid off after 6 months. New plant manager wanted his own team. Two years at the next hop (went through 3 plant managers during that span), then another 6 month job that ended up not being what I signed up for, followed by 8 months in the oil industry. Currently at 6 months in another mining job.
Some was luck, housing industry and oil, some was me not waiting for the right job and just jumping into one. Tough to wait when you have 3 kids.
I’ve wised up and diversified my income (small business of my own, education for the Mrs.) so I’m less dependent on a job now. Hopefully within a few years I’ll be able to quit working the corporate job and run my business full time.
Thanks !
I’ve posted before on related threads that during/after the 2007/2008 start of the Greater Depression many companies simply traded staffs in terms of senior workers (to re-set salaries and benefits like accrued vacation time). Anyone I knew who found jobs in their fields after getting laid off (including people who found the same exact work) took pay cuts and went back to “start” in terms of accruing vacation time. The Greater Depression was used as a pretense to adjust salaries for many people to the “new normal”...
I worked at the same company for 25 years. Then I turned 50. That’s when the pension really started to accrue. I got laid off just like all the other 50 year old people.
They got me anyway.
I will be 65 next Friday.
I’m NOT ready to retire.
But, I will enjoy, for a while, my 87 week severance package...
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