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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#341

Post by snowwrestler »

csomar wrote: post #185
snowwrestler wrote: post #86

Earlier quoted context omitted.

Capital assets went up a surprising amount during the pandemic. My stock portfolio and my house are worth a lot more than they were 2 years ago. I feel a temptation to use that money. I also have a nagging feeling that it’s somewhat artificial (the govt pumped a ton of money during the pandemic) so I should cash out before it falls.

Stocks, sure. But don't sell your house (if you only have one).

I was lucky enough to buy into a great neighborhood in a city years ago. If I sold now and quit my job, I could live farther out and get more property for less money, and pocket the difference.

In the U.S., capital gains on your primary residence can be kept tax free up to $250,000 ($500k if you’re married).

Re: “Great resignation” wave coming for companies

#342

Post by refurb »

admissionsguy wrote: post #286
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.

You are not getting health insurance in most European countries unless you are working or registered as unemployed and remain at disposal of the local job centre. And the whole meme that a 65% tax rate +25% vat on most products on top of it (I am in Sweden) is somehow worth it financially because "fReE HeAlThCaRe" is laughable.

Indeed. In Canada if you’re out of the country longer than 6 months you’re not longer insured (in Canada). And in fact, insurance doesn’t cover you outside the country anyways.

Re: “Great resignation” wave coming for companies

#343

Post by NationalPark »

joecot wrote: post #127
lordnacho wrote: post #52

I can tell you all the market for devs is white hot at the moment. I mean it was never cold, but right now seems to be insane. If the work-from-home thing has given you thoughts about what you like, now is the time to go. I see very few firms insisting on onsite work though, having interviewed with quite a few over the last few weeks. Even guys that I know would rather have people in the office and would pay them ver…

This. The WeWorkRemotely posting silicon valley type companies are getting flooded and are quite picky currently. But once you apply to a few jobs elsewhere that have recruiters, you get flooded with small to medium size companies looking for devs. And the market is so hot that companies which previously had longer interview processes are condensing down to 1-2 interviews, because if they take any longer all their ap…

Are you seeing the salaries at these smaller companies keeping up? When I was changing jobs just before the pandemic I also saw a ton of interest from small/med companies, but none with competitive offers. Big, publicly traded tech companies were able to offer more than double total compensation in some cases, and that's with equity you can actually sell for cash.

Re: “Great resignation” wave coming for companies

#344

Post by jason0597 »

viraptor wrote: post #339
jason0597 wrote: post #334

Earlier quoted context omitted.

> In my circles, everyone from 25-35 is simultaneously preparing to FIRE It's still shocking to me how "chill" this is. "Oh yeah, I'm about to FIRE, no big problem". Achieving FIRE is such a mind blowing concept to me, Let alone at 25-35!!! Where I live we don't have fat six figure salaries flying around allowing us to accumulate a chunky ETF portfolio to live off of. Be grateful for what you have achieved! > Suddenl…

> Achieving FIRE is such a mind blowing concept to me What's FIRE in this context?

I presume it means Financial Independence Retire Early, most famously known on the relevant subreddit [1]

[1]: https://reddit.com/r/financialindependence/

Re: “Great resignation” wave coming for companies

#345

Post by hungryforcodes »

throwaway894345 wrote: post #186
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 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.

Though anyone that has bought global health insurance will note that if you opt out of coverage for the US, the price is usually reduced by half.

Re: “Great resignation” wave coming for companies

#346

Post by CoastalCoder »

martin_a wrote: post #250
commandlinefan wrote: post #193

> There's not much firms can do to hold onto employees Well, they could always offer more money. Sometimes I crack myself up.

At this point, still not making six figures but it's Germany, I'd prefer a nicer office/work environment over more money. More space, more open-minded culture, fresh food for lunch (not even free but let's split cost)... Things like these would probably benefit me (and my colleagues) more than paying us another X hundred Euro.

> more open-minded culture

Could you expand on this a bit?

I've only worked in the U.S., so most of what I "know" about working in Germany is based on stereotypes. I'd love to hear your first-hand perspective.

Re: “Great resignation” wave coming for companies

#347

Post by joecot »

NationalPark wrote: post #343
joecot wrote: post #127

Earlier quoted context omitted.

This. The WeWorkRemotely posting silicon valley type companies are getting flooded and are quite picky currently. But once you apply to a few jobs elsewhere that have recruiters, you get flooded with small to medium size companies looking for devs. And the market is so hot that companies which previously had longer interview processes are condensing down to 1-2 interviews, because if they take any longer all their ap…

Are you seeing the salaries at these smaller companies keeping up? When I was changing jobs just before the pandemic I also saw a ton of interest from small/med companies, but none with competitive offers. Big, publicly traded tech companies were able to offer more than double total compensation in some cases, and that's with equity you can actually sell for cash.

It probably depends where you are on your career path. For me, those silicon valley startups were offering less than my target salary and I was going to try to negotiate up. For the small company I ended up at, I gave my target salary range and they exceeded it by 10k. I wasn't shooting for big publicly traded companies, and I don't know how they're acting currently. From friends I do know that some are seriously considering changing their remote work policy obviously.

Re: “Great resignation” wave coming for companies

#348

Post by malozite »

the_fire_friar wrote: post #192
marvin wrote: post #82

Earlier quoted context omitted.

Huh. Funny that you mention it. I decided this exact same thing for myself this winter, and just started. Same reasoning too. Is it only among technologists who have great recent returns in the stock market, or is this a wider trend?

I think the FIRE movement is going to see a huge surge. Financial Independence Retire Early

I find the FIRE movement fascinating but also slightly depressing.

Among the actually old (my parents' generation - in their 60s and 70s) retirees I know, around half of those retiring from decent 'knowledge worker' jobs have kept on working part-time to some extent. They are consultants, advisers, board members, independent researchers, and so on. They seem to be very happy - they are working at something they are good and believe in, while not having any economic constraint forcing them to work more than they want to, or for anyone they don't get along with.

I can't imagine having 'Financial Independence', but not wanting to do something like this. I enjoy my work in general, and I would enjoy it much more if I had almost complete freedom to plan my day and to walk away from toxic situations. But all the FIRE people that I see online seem to be basing their lives on the other type of retiree - the ones who take leisure activities and sports such as bowling and tennis far too seriously, read and watch constantly but quite aimlessly, and go on endless trips to 'tick off' different world destinations.

Re: “Great resignation” wave coming for companies

#350

Post by jjcon »

throwaway894345 wrote: post #296
jjcon wrote: post #227

Earlier quoted context omitted.

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

Citation?

How about the entirety of the US medicaid program? If you literally have no income you get free healthcare, even if you have limited income you may qualify for Medicaid or a heavily discounted marketplace plan.

https://en.m.wikipedia.org/wiki/Medicaid

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