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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#371

Post by CoastalCoder »

mLuby wrote: post #303
dolmen wrote: post #201

To prevent this the tech company I work for has just introduced world-wide a flexible work policy which allows you to chose (with only your manager's approval) if and how you want to return to the office. 100% were in full remote worldwide since August and offices are just starting to reopen.

> flexible work policy To me at least, the vagueness of this phrase has made it untrustworthy. It can mean way too many different things. > with only your manager's approval I'd hope we're beyond tying your (and your family's) physical location to your boss's whim.

> To me at least, the vagueness of this phrase has made it untrustworthy.

Perhaps that was the GP's choice of wording, to keep the comment brief?

Re: “Great resignation” wave coming for companies

#372

Post by Nursie »

throwaway894345 wrote: post #335
admissionsguy wrote: post #286

Earlier quoted context omitted.

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.

To be clear, I'm merely saying "the complexities of the American healthcare system might be why Europeans are more inclined to take gap years". That said, I didn't know that European public health insurance was commonly contingent on employment. I would be curious to know more about this.

> I didn't know that European public health insurance was commonly contingent on employment

I'm not sure it is! It's not in the UK, certainly.

Re: “Great resignation” wave coming for companies

#373

Post by [deleted] »

screye wrote: post #263

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. This number is meaningless without previous year trends. In my circles, everyone from 25-35 is simultaneously preparing to FIRE and no-one that's 35+ has actually changed jobs despite being 'financially independent'. Expressing intent to resign, and actually resigning are completely different things. (edit: to clarif…

[deleted]

Re: “Great resignation” wave coming for companies

#374

Post by himinlomax »

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.

> 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.

Not the case in France (at least for the past 20 years), and I doubt it's the case in most other European countries.

Re: “Great resignation” wave coming for companies

#375

Post by SuoDuanDao »

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?

Financial Independence Retiring Early.

The basic assumption generally being, anyone who can save two-thirds of each paycheque and invest in a portfolio yielding 4% per year after inflation can retire in 10 years. Saving two-thirds of each paycheque is of course difficult unless one is in a high pay grade to begin with, but there are enough people with the necessary discipline to keep the dream alive for many of us.

Re: “Great resignation” wave coming for companies

#376

Post by ChuckNorris89 »

mhitza wrote: post #365
ChuckNorris89 wrote: post #315

Earlier quoted context omitted.

Mostly this. Maybe it's more lax in the more worker friendly socialist regions like France or Scandinavia but in Austria you only get healthcare coverage if you work or are unemployed and registered as a job seeker which means staying in the country and proving to your local job center on a regular basis that you are looking for work. Traveling abroad for leisure while unemployed automatically disqualifies you from r…

I find that strange for Austria, considering that in Romania; when unemployed, and not being registered as a job seeker, you can still have insurance. It's automatic in those situations you've described, but you can buy into the system otherwise. At today's exchange rate if you'd like to benefit from the healthcare system, for a year, you'd have to make a 271 EUR contribution, with no other criteria required.

The system in Austria is extremely rigid and sometimes verges on idiotic in some cases due to how archaic and pro-business it is.

As a Romanian I can say you'd be surprised how many things the Romanian system gets right in favor of the workers in comparison to some western countries. At least on paper.

Re: “Great resignation” wave coming for companies

#377

Post by admissionsguy »

throwaway894345 wrote: post #335
admissionsguy wrote: post #286

Earlier quoted context omitted.

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.

To be clear, I'm merely saying "the complexities of the American healthcare system might be why Europeans are more inclined to take gap years". That said, I didn't know that European public health insurance was commonly contingent on employment. I would be curious to know more about this.

I am honestly very bitter about Americans glorifying the European system while happily taking home 2/3rds of their 100k+ developer salaries and enjoying much lower prices of everything.

With regards to insurance:

- in some countries (UK, Sweden) - the insurance is contingent on having a social security number, so the coverage is pretty much universal for residents, but people coming from other EU countries will still need to work or register as unemployed to get it.

- in other countries, you generally need to be working or looking for work (i.e. answer phones / invitations from job centre and attend any interviews/courses they send you to) to be covered.

Some countries (Poland for example, I'm Polish) allow you to buy insurance if you are neither working nor looking for work. But as of December 2020, about 1.5 mln Poles are not insured at all. [1]

[1] https://tvn24.pl/polska/szczepionka-na-koronawirusa-czy-osob...

Re: “Great resignation” wave coming for companies

#378

Post by rtkwe »

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.

It might get a bit more common since after the ACA you can stay on your parent's health insurance till you're 26 now if they have it.

Re: “Great resignation” wave coming for companies

#379

Post by iancmceachern »

koheripbal wrote: post #90
JumpCrisscross wrote: post #65

Earlier quoted context omitted.

> Unless rent and mortgage payments somehow evaporate, there won't be some massive wave of resignations The prediction isn’t a massive wave of unemployment. It’s people switching jobs. They will still be earning money, just perhaps elsewhere.

There might be a bump as a few employers try to capitalize on the work-from-home to get good talent. ...but in the long term, employee performance will be better in the office, and so most employees will end up back at work. The thing the that the article misses is that the vast majority of CEOs want all employees back in the office.

I think that's the whole point. It doesn't really matter what the CEO'S want. It's about what the employees want.

Re: “Great resignation” wave coming for companies

#380

Post by Frondo »

aphextron wrote: post #72
dccoolgai wrote: post #56

Earlier quoted context omitted.

Learn to prevaricate better... And meet a friend who will do it for you. "Yeah, I was the CTO of a startup. I learned a lot. Call this guy who was the CEO, he'll tell you about it."

>"Yeah, I was the CTO of a startup. I learned a lot. Call this guy who was the CEO, he'll tell you about it." Ah yes, an intricate lie. The very foundation of a solid working relationship.

> Ah yes, an intricate lie.

Not a joke -- what do you think resumes are?

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