FT Ignites Europe quotes Nick Hurley on quiet quitting in the asset management industry
Nick Hurley, Partner and Head of the Employment Group, provides comment for FT Ignites Europe on whether quiet quitting is coming to the asset management industry.
Nick comments that "the prevalence of performance-based individual remuneration in the funds industry, alongside 'a high-performing culture' at many firms, limits the attractiveness of quiet quitting."
He continues: "if you're earning a high salary topped up with some chunky variable compensation, it is unlikely that an individual will become a quiet quitter as they will suffer negative personal consequences for doing so."
"I cannot see any employers embracing quiet quitting as a concept. Most companies will see it as something to reduce or eliminate."
Read the full article first published in FT Ignites Europe (subscription required).