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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#31
post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

Good luck, and have fun!

Re: “Great resignation” wave coming for companies

#32

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. How does this compare to the figure over a longer period of time?

This is the important question. At my previous job the results of internal surveys would have these fairly high numbers, like 20% of employees don't think they will be here in a year.

But if you looked at the previous year's numbers, it was something like 18% or 15%. And the previous year's actual attrition was closer to 5-8%. So perhaps you could extrapolate if you had the attrition rates combined with survey data, but surveys are a much weaker signal.

Re: “Great resignation” wave coming for companies

#33

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. How does this compare to the figure over a longer period of time?

Exactly. I'm sure people are often thinking about quitting their jobs, but are they actually likely to quit within the next 12 months or are they just thinking about it?

Re: “Great resignation” wave coming for companies

#35
post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

>I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. You hear a heck of a lot more about it on HN than happens in reality. Maybe I don't hang out with the trust fund crowd enough but I don't know ANYONE who's taken a "gap year" where they weren't doing something for ~40hr/wk in order to make a buck. I know a few people who didn't jump right into career stuff after college…

I only heard about it from friends here in UK, and they would typically do it between collage and uni. Thats when I came here and had to start working to support myself.

Re: “Great resignation” wave coming for companies

#36
post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

>I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. You hear a heck of a lot more about it on HN than happens in reality. Maybe I don't hang out with the trust fund crowd enough but I don't know ANYONE who's taken a "gap year" where they weren't doing something for ~40hr/wk in order to make a buck. I know a few people who didn't jump right into career stuff after college…

Pretty common for a sizeable portion of high school graduates in Australia to take a gap year either immediately after graduation or after their first year of uni

Re: “Great resignation” wave coming for companies

#38

Even if it's true, you'll need an equal hiring wave on the other side of the equation. It's not like people are stopping work altogether.

If you're freelancing, contributing to OSS, working in crypto etc. perhaps there is less than equal ostensible 'hiring' on the other side?

Re: “Great resignation” wave coming for companies

#39
I've worked remotely for over 8 years as a senior software engineer, and I'm not going back anytime soon.

This will get interesting for both salaries and global movement.

Being a digital nomad certainly won't be as "hip" when everyone else can do the same thing. And now people are going to be competing with a lot of low-cost employees with equal skills.

This has already been the issue with offshoring, but now you can hire someone in Fargo, SD instead of San Fran, CA and pay them going market rate. For the same skills.

In the long-term, this might get people out of packed cities and horrific commutes and help become a rebirth of small-town America (or small-town Chile and everywhere else).

Re: “Great resignation” wave coming for companies

#40
post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

I recommend traveling. See all the places, you want to see, with no pressure of having to go back to work by a fixed date, soon. Meet people, make new connections, chances are, you will find new opportunities to work, along the way.

Bonus points, if you have all your stuff packed somewhere and not have to pay any rent. But it depends what you want, if you like your home, keep it. Have projects in your home ...

There are lots of things to be done. Doing nothing is also fine for a while, but gets booring very soon and puts you in lethargic state ... wasting your time.

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