On January 13, a "2026 Employee Turnover and Salary Adjustment Research Report" released by human resources service provider 51job revealed that the overall employee turnover rate for 2025 dropped to 14.8%. Against the backdrop of macroeconomic conditions and industrial restructuring, employees' risk-averse mentality has intensified, and the gap in talent mobility between first-tier and new first-tier cities has further narrowed. The data for the report was sourced from 51job's survey of numerous enterprises. The report indicates that the overall employee turnover rate has declined for three consecutive years, with the rates for 2023 and 2024 being 16.6% and 15.3%, respectively. This trend reflects that after experiencing market fluctuations in recent years, the labor market is entering a relatively low-mobility "sedimentation period." Regarding the persistent decline in the turnover rate, the report's analysis suggests this is not solely due to an increase in employee loyalty but is more significantly influenced by the external economic environment. In 2025, many companies continued to implement cost-reduction and efficiency-enhancing strategies, tending to control labor costs and scale back recruitment, leading to a reduction in external job opportunities. Employees widely perceived increased risks and opportunity costs associated with job-hopping, making them more inclined to "hold steady" in their current positions. By industry, the top three sectors with the highest turnover rates in 2025 were Food & Beverage/Hotel/Tourism (16.5%), Manufacturing (15.7%), and Real Estate (15.4%). The report posits that the 15.7% turnover rate in Manufacturing is closely linked to industrial upgrading. In 2025, domestic manufacturing faced pressures from "dual carbon" goals and digital transformation, prompting many factories to optimize production lines, which led to adjustments in front-line worker positions. While the desire to retain skilled technicians has strengthened with the shift towards smart manufacturing, the attrition rate for basic assembly line positions remains a primary challenge for the industry.