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Some people dream of the day when a mass of millions of people quitting together will shake the big employers to the bone. That will show them. It's almost a dr
by credit_guy 5y ago
Some people dream of the day when a mass of millions of people quitting together will shake the big employers to the bone. That will show them. It's almost a dream of "workers of the world, unite!".
The thing is, if 40% of people plan to quit, they won't quit at the same time. Maybe 5% will quit in August, let's say, and the rest will decide to wait a bit and see. And they'll see how those 5% don't quite find a job the next day, as they thought they would. Most (if not all of the) large companies can function for quite a while with 5% fewer headcount. So those 35% in the wait-and-see bucket will wait a bit more. Which is a different way of saying, they will change their mind.
- mbiondi 5y agoMorgan Stanley pays their bonuses at the end of the year. Very few will quit in August. Only the ones who were on their way out anyway. Most will work hard to find jobs between now and December when they receive their "bonus".
- mancerayder 5y agoProbably true - but just adding the bonuses aren't known until mid January and not paid out til end of Jan or Feb. It's precarious if people make it too obvious they are searching when there is bonus-decision-time being done. Someone might hear a tip and not pay you anything if they know you might leave.