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Traditionally, UK employers have wanted new hires to stick around for at least a few years. Late last decade, the average tenure of a UK employee was five years. But the job market keeps shifting—fast. According to a new survey, more than half (53%) of UK workers report quitting their job within the first six months.
Every executive knows that the economy has its ups and downs. Sometimes profits balloon, and everyone prospers, shareholders and employees alike. Other times, not so much. And during those other times, frail companies get hit hardest. Such a downturn seems to have come to Britain’s business sector, many of whose firms are approaching red-alert status.
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