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by datavirtue
686 days ago
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Vesting schedules are a damn joke these days. Who stays at a company for five-plus years? People would, but they get run off by extreme boredom, garbage managers and layoffs. I don't consider anything that requires vesting a positive. |
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The quits rate in May 2024 is 2.1%. If we assume quits are uniformly distributed, then the probability of staying in one job for greater than 5 years is 28.0%. That means 5 years is above-average tenure, but nowhere near enough to justify a statement like "Who stays at a company for five-plus years?". Not everyone is a serial job hopper that changes jobs every year.