With all the talk of attrition and quitting over RTO or vaccines, you'd think I'd be hearing about people who have walked out every day. That has not been happening, though. I don't know of a single person who has left in the last few months, or even longer. My team is intact. Everybody I'm in contact with is still there. So is this more a case of wishful thinking than anything else? I'm just not seeing it.
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Several band 3s in my org (retail) have moved outside the bank in the last couple months. Much more in bands 4-5
Curious the areas with no turnover?
14 resignations in my org this year.
“I haven’t seen a car accident near my neighborhood in the past 2 years so all this talk about accidents must be fake”. This is how stupid this sounds. Unless you know/knew all 250k employees at the bank you can’t assume if not directly affected. I’ve seen 4 people in the past month and a half leave.
Also I was invited to a leadership call for our org and we’re told that the attrition rate is very high. HR is struggling to find any talent and have mentioned this to senior leadership throughout the bank. They haven’t seen a market like this before and at this pace it will continue to happen.
The bar for talent is so low. They just will shuttle someone from India for a fraction of the pay..who will not be able to do the job, but it's a warm body. It's quantity over quality. BMs cost cutting has really hurt the company. But I guess it's an industry move...they can't compete with big tech and American ivy league talent.
Me - I left
Team has two openings and just told only one to be filled.
Had a couple project team members leave or retire, myself am in final stages of a couple interviews.
Nobody with any talent would join that dumpster fire of a bank. Especially until they offer hybrid or WFH. Until then they’ll be scraping the bottom of the barrel. Sad thing is, they seem to know this but just don’t care.
It is happening as I know of 4, 2 from my lob, 1 GIS, & 1 GBAM CTI who resigned with better offers.
We’ve had 3 in my group. In 2 months. More to come. It’ll only get worse.
We've lost 4 in my group. That's pretty real.
It is not like 5 to 10 percent of the division has left, but still a number of very hard to replace people have left.
I see the same thing but the abundance of BofA job postings that I’m seeing on external job sites now, and the recent announcement from HR about offering $2k referral bonuses leads me to believe they are struggling to hire/backfill.
It may not appear from the surface that people are quitting in masses but it’s more like absorbing a thousand paper cuts.
It's because they keep of saying rhey can't wait to get out of here, but can't find a job somewhere else since they are unemployable. They're just waiting to be laid off so that they get to collect severance.
Nothing is at it appears.