The Vanishing Concept of Career Tenure

Employment can be a funny thing when you think about it. Generationally speaking, a lot has changed if you’re willing to ask your older relatives about their careers. You might find that your grandfather worked for an outfit like Allied Consulting. Put 35 years of time in with the company, had a retirement dinner and guess what—they even gave him a gold watch for his service. Here’s a serious question—exactly when did this stop happening?

It’s been going on for a while now. Careers where you could spend your entire work history with one company began to erode decades ago. In the 1980s, we were introduced to a new lexicon of terms like “downsizing.” Company loyalty—in both directions—went straight downhill from there. And so, we arrive to a new world order of business today. And what, exactly, does career tenure look like? We can sum up the sentiment with a set of startling (but obvious) facts from the U.S. Department of Labor’s 2016 report, Employee Tenure Summary:

  • The average employee tenure was 4.2 years, down from 4.6 years in January 2014
  • The average person changes jobs ten to fifteen times (with an average of 12 job changes) during his or her career
  • Many workers spend five years or less in every job
  • People born in the 1960s – 1980s averaged two job changes by 32 years of age, while present-day youths average closer to three or four

We’ve all come to the realization that people change jobs for dozens of reasons. Sometimes by choice, sometimes by necessity. But we can’t escape the fact that this exercise places a maximum amount of stress in our lives. When your livelihood is wholly dependent upon others, your fate is truly in the hands of the next human resources contact. 

But what if you could put that fate back into your own hands? With franchising, you can. Perhaps the greatest asset to owning a business of your own is exiting the rat race of job hopping through a corporate system that likely sees you as only a productivity statistic, not a person. When you aspire to begin an entrepreneurial journey of your own, you’ll begin to learn all the ways you can make your past career experiences seem insignificant at best.

At FranNet, we counsel you on the benefits of becoming your own boss. You may counter by thinking that there is a risk in owning a business of your own. But to that we say, was it less risky when your employment and career were both subject to the whims of others? Wouldn’t you rather be in charge of your own destiny? In a way, franchising gives you the freedom to harness the power of your own future, to chart your own course, beholden to no corporate downsizing. Because you can’t downsize yourself.

There simply is no such thing as corporate tenure, not if we’re looking at the national averages we’ve researched. In this current economic climate, many people are starting to see the wisdom of exploring business ownership through franchising. It’s not like starting a small business on Main Street, but rather the buy-in of a proven system, designed to function in a way which puts you on the best possible path to success at the helm of your own operation.

There’s no shortage of franchise concepts to choose from. Why not take an initial meeting with one of our qualified FranNet representatives? We can put you in touch with one of our consultants who both lives and works in your area. If you’re ready to get started on your own Roadmap to Success, let us hear from you.

Let’s chat! There’s a local FranNet consultant right in your market who knows that market inside and out – knows the personality of the market – knows the competitive landscape. FranNet has a great track record of assisting individuals on their path to entrepreneurship, and one of our franchise experts would love to provide you with guidance free of charge. Sound like something you might be interested in? Get started here and find your local consultant right now!

Jun 5, 2018