The Great Resignation Explained by a Quitter
05/17/22 • 24 min
I quit (resigned) my job for a variety of reasons with one being an ultimatum to comply and leave. After leaving, the stress went away and I could see more clearly the rate race I was struck in beforehand. As I read articles online about the great resignation months before it seemed like people were quitting for more money and nicer teams. There was a casual sprinkling of different benefits like working from home. The real answer to this is that employees want more flexibility! Working from home has been great for many people. If you have kids you also understand the stress of trying to work and watching kids but as the country opens back up, working from home with kids at school or with a sitter seems much more practical. I can multi-task when times are slow and work more hours when times are busy. I can save hours of commuting by just signing up and jumping right into my work. Not to mention if you work in a big city, you can avoid the stressful driving with so many crazy people.
With so many people resigning, companies are also competing much harder for talent. Many of them are offering working from home, flexible hours, and better team culture. Those that are resigning need a break from the nose to the grind mentality and many are finding better opportunities with companies who care.
Pew Research:
https://www.pewresearch.org/fact-tank/2022/03/09/majority-of-workers-who-quit-a-job-in-2021-cite-low-pay-no-opportunities-for-advancement-feeling-disrespected/
Harvard Business Review:
https://hbr.org/2021/09/who-is-driving-the-great-resignation
I quit (resigned) my job for a variety of reasons with one being an ultimatum to comply and leave. After leaving, the stress went away and I could see more clearly the rate race I was struck in beforehand. As I read articles online about the great resignation months before it seemed like people were quitting for more money and nicer teams. There was a casual sprinkling of different benefits like working from home. The real answer to this is that employees want more flexibility! Working from home has been great for many people. If you have kids you also understand the stress of trying to work and watching kids but as the country opens back up, working from home with kids at school or with a sitter seems much more practical. I can multi-task when times are slow and work more hours when times are busy. I can save hours of commuting by just signing up and jumping right into my work. Not to mention if you work in a big city, you can avoid the stressful driving with so many crazy people.
With so many people resigning, companies are also competing much harder for talent. Many of them are offering working from home, flexible hours, and better team culture. Those that are resigning need a break from the nose to the grind mentality and many are finding better opportunities with companies who care.
Pew Research:
https://www.pewresearch.org/fact-tank/2022/03/09/majority-of-workers-who-quit-a-job-in-2021-cite-low-pay-no-opportunities-for-advancement-feeling-disrespected/
Harvard Business Review:
https://hbr.org/2021/09/who-is-driving-the-great-resignation
Previous Episode
Fundamental Quant CEO Milind Sharma
Milind Sharma is the QuantZ / QMIT CEO with a deep background in quantamental investing. His experience started with a solid education from Carnegie Mellon with the Milind Sharma is the QuantZ / QMIT CEO with a deep background in quantamental investing. His experience started with a solid education from Carnegie Mellon with the MS in Computational Finance program back in 1995 when the program was just starting. On top of that he build a great career around quantitative finance running trading teams at some of the largest global banks. Today we discuss his background, quantamental finance, and QWAFAxNew.
Milind Sharma:
https://www.linkedin.com/in/milind-s-0879b4/
QuantZ:
http://www.quantzqmit.com/media
QWAFAxNew:
https://qwafaxnew.org/
YouTube Version:
https://youtu.be/5_sulCeAv2s
Website:
https://www.FancyQuantNation.com
Quant t-shirts, mugs, and hoodies:
https://www.teespring.com/stores/fancy-quant
Connect with me:
https://www.linkedin.com/in/dimitri-bianco
https://twitter.com/DimitriBianco
Next Episode
Where Am I Headed: Banking, FinTech, or Tech
After 8 years in the banking I quit my job. I quit my job as a quant in the risk management area. I have built, validated, audited, and implemented model across a range of financial products at a range of different banks. I have felt burnt out for a few years but wasn't sure what to do. After Covid hit the world and a bad work experience I decided to just leave and take some time to think (thanks to the encouragement of my wife). Luckily for me, my network is large enough that a few fintech firms, a global bank, and a FAANG firm all reached out wanting to see if I would bring my talent to their firm. I talked to many people over the last few months and finally made a decision. In this episode I discuss the process and why I chose to leave banking for now.
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