Research On Factors Affecting Employment Stability Of Knowledge-based Workforce

College enrollment has resulted in a surge of university graduates entering the labor market, which in consequence triggers a huge blow to the job market. A new record of the graduates amount was made high to7.27million early in2014. Under this severe circumstance, the conversion of graduates from students to workers has attracted more and more social attention. Previous studies found that there is a high mobility in the labor market, also a low employment stability. This research focuses not only on the initial employment of college graduates, but the employment stability of them who are defined as "knowledge-based workforce "Based on the background above, this research uses investigation method to do the research on the "knowledge-based workforce" and to find answers for two questions-----what is the status of employment stability of the "knowledge-based workforce" and what factors will affect the stability? The paper first exclaims that the employment stability can be reflected on five aspects of the "knowledge-based workforce", including the length of service, experience of leaving office, career satisfaction and career risk perception; Second, by using linear or logistic regression analysis, three characteristics of the "knowledge-based workforce" are set as independent variables into a model to explore the factors which noticeably affect the five aspects above. These three features are personal, family and career characteristics; Finally, we come up with policy recommendations bases on the results of the analysis. After the empirical analysis, we make in the paper the following conclusions:1.Previous length of service and nature of employers are the two factors affecting the length of service and the experience of leaving office most, which indicates that the longer the previous length of service is, the longer the current service length is and the easier leaving office happens whereas the "knowledge-based workforce" from party or governmental organizations and public institutions work longer in current positions.2.Ways of leaving office are affected by the nature a graduate’s hukou before they enter the university and by the type of the university itself. This is demonstrated in the situation that leaving office happens more among graduates with rural hukou or from vocational colleges than those with urban hukou or from general universities. 3.Human capital and nature of employers affect the career satisfaction of "knowledge-based workforce" most. The higher level of human capital is, the higher career satisfaction is; And among "knowledge-based workforce" from different employers, those who are from the party or governmental organizations, public institutions and state-owned enterprises and organizations holds the highest career satisfaction.4.Pre-university hukou, nature of employers and cost of leaving office are the factors which affect career risk perception of the "knowledge-based workforce" most. Graduates with rural hukou are more aware and afraid of the career risk than those with urban hukou; Compared to those who work for other types of employers, the "knowledge-based workforce" in the party or governmental organizations, public institutions and state-owned enterprises and organizations percept the lowest degree of career risk.On this basis, the paper further discusses the relationship between youth employment stability and career development cycle and concludes that the knowledge-based workforce with rural pre-university hukou should receive more social concern given the weaker background.Based on these conclusions above, the paper makes the following policy suggestions:First, government should cancel or weaken hukou restrictions so as to create a fair environment for employment; Second, universities should strengthen employment guidance and vocational training for enhancement of youth human capital; Third, graduates should form rational psychological expectations, plan and manage their career development; Fourth, graduates should also establish a correct concept of career to guide their choices properly.