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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#291

Post by BurningFrog »

obstacle1 wrote: post #237
throwaway0a5e wrote: post #30

Earlier quoted context omitted.

>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…

> trust fund crowd You're on a discussion board filled with software developers and tech employees generally. The vast majority of such workers make a lot of money. If you're working in tech and you can't bank enough to take 6m-1yr off, you're doing your finances wrong. It doesn't require a trust fund to avoid the hedonic treadmill and save up.

Yeah, I easily make twice as much as I spend.

So I take a year of now and then, if I feel like it.

Re: “Great resignation” wave coming for companies

#292

Post by rvn1045 »

throwaway0a5e wrote: post #30
dreen wrote: 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…

It’s not very difficult to do financially if you don’t mind moving to a lower cost of living country. You can live pretty well for 20k USD in many parts of the world.

Re: “Great resignation” wave coming for companies

#293

Post by xtqctz »

sumtechguy wrote: post #118
0xbadcafebee wrote: post #60

Earlier quoted context omitted.

He's right about it being harder to get a job while unemployed. You finish your gap year and then spend another 6 months trying to get hired. Maybe if you lived in SF it'd be easier.

There are 200 resumes in this pile. 199 of them need to go for one reason or another. 'no recent experience' is one of those reasons.

Old economy jobs in the midwest, sure. I applied to FAANG jobs after a year off and no one even brought it up.

Re: “Great resignation” wave coming for companies

#294

Post by ls612 »

obstacle1 wrote: post #237
throwaway0a5e wrote: post #30

Earlier quoted context omitted.

>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…

> trust fund crowd You're on a discussion board filled with software developers and tech employees generally. The vast majority of such workers make a lot of money. If you're working in tech and you can't bank enough to take 6m-1yr off, you're doing your finances wrong. It doesn't require a trust fund to avoid the hedonic treadmill and save up.

Heck, I’m a poor grad student who gets a stipend from my program and is lucky enough to have parents willing and able to pay my rent. My total income including that family support is probably around $40k and I saved a ton of money this past year since I couldn’t do anything. I can only imagine how much someone in my situation with a FAANG income would have saved.

Re: “Great resignation” wave coming for companies

#295

Post by pwned1 »

Loughla wrote: post #278
DebtDeflation wrote: post #215

This is about far more than WFH vs Return To Office. Many of us, after a year of lockdowns, losing family members, suffering mental and physical health issues, spending more time with our families, etc. are re-evaluating our priorities in life and deciding that our jobs are no longer the most important things in life and probably never should have been.

Higher education is my main job - we're not seeing an influx like we expected of people returning to college, but we are seeing an increase in non-traditional (24y.o.+) students. They are, to paint with a very broad brush, folks who all worked in food service, retail, or other front-line sales industries. The forced time off last year made them realize they were killing themselves for not very much money, and they're…

I've considered going back and getting a new degree but the cost is so insane that it's just not worth it.

Re: “Great resignation” wave coming for companies

#296

Post by throwaway894345 »

jjcon wrote: post #227
throwaway894345 wrote: post #186

Earlier quoted context omitted.

> Maybe it's more of a European thing to do. Yeah, for Americans it means buying health insurance which is quite a lot more expensive than what you get from your employer.

If you aren’t earning an income you can get free healthcare

Citation?

Re: “Great resignation” wave coming for companies

#297

Post by splithalf »

throwaway0a5e wrote: post #30
dreen wrote: 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…

This differs by gender. A married woman taking time off for domestic/child rearing/continuing education is very common. An adult male, it’s very uncommon unless you’re rich, which most posters here obviously are.

Re: “Great resignation” wave coming for companies

#298

Post by hpoe »

obstacle1 wrote: post #237
throwaway0a5e wrote: post #30

Earlier quoted context omitted.

>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…

> trust fund crowd You're on a discussion board filled with software developers and tech employees generally. The vast majority of such workers make a lot of money. If you're working in tech and you can't bank enough to take 6m-1yr off, you're doing your finances wrong. It doesn't require a trust fund to avoid the hedonic treadmill and save up.

Sure if you don't have a family to provide for. It turns out that it becomes a lot harder to take a gap year when you've still got a spouse and little people depending on you.

Re: “Great resignation” wave coming for companies

#299

Post by ceilingcorner »

jonplackett wrote: post #34

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs I wonder what the baseline is for this. I reckon loads of people are thinking about it all the same.

Yeah if "I think about quitting my job" is the metric, I'd expect the result to be 70-80%.

Re: “Great resignation” wave coming for companies

#300

Post by jdmichal »

emptyfile wrote: post #189
samvher wrote: post #134

Earlier quoted context omitted.

I guess we have different social circles, but I know many people who have done this and none of them are "trust fund crowd". Have done it myself for multiple half-year-or-so periods as well. Maybe it's more of a European thing to do. I spent 3 months as a research assistant in Australia and used savings from that period to travel in South-East Asia and South America for 6 months or so. Shortly after graduating, havin…

Maybe a western/northern european thing to do. In eastern Europe it's normal for your degree to take anywhere from 1-3 year longer than it should have for various reasons including "taking a year off to chill", but actual, planned gap years where you're not in education are basically unheard of. Let alone gap years where you travel around and spend money. I know a few people who signed up for master degrees in say Ge…

> I know a few people who signed up for master degrees in say Germany and found that almost everyone in the program is a few years older then them.

Is that because of gap years, or an interest in actually getting industry experience before continuing academic education? I think I was about 6 years into my career before I thought I could really squeeze a lot of value out of a graduate program. (I didn't ever go back for one, though.)

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