We haven't seen the worst of the attrition. If I were a betting man, I'd bet on mass exodus in March-April. Retention and/or integration bonuses beyond that won't matter. The company is tone deaf and the talented ones know it. Talent is leaving and will continue to. The worst is yet to come.
An on point post from @6tev+1d5Xqofc.
What people hold out for before they bolt are the following (can be in combinations):
Everything else is small potatoes, including quarterly ESPP and quarterly bonus advances. Those two items do not prevent folks from bolting.
@gym+1dnJgpFo
Are you some kind of a brick? No one waits to bolt after a quarterly ESPP stock purchase, or a bonus advance. Give me a break. ESPP is just a 15% discount. Most folks if you maxed out on the ESPP contributions, you're talking about $5K to $6K at the most, which nets you what $1K from the discount. And you simply get back your contributions if you don't reach end of month purchase. The bonus advance is just $1000 or $2000, depending on your grade.
You might see a round of Schwab Green bolt in November after ESPP and bonus advance payouts. But no question, the next major tipping point is the payout of annual bonuses. Even a double digit raise wouldn’t stem attrition…the issue is not the pay, it’s the culture. Schwab’s answer of buying their way out of problems won’t work this time. It might force some major overtime incentives to stop the bleeding.