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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#421

Post by FabHK »

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.

In Germany, I can buy travel health insurance that covers an unlimited number of trips abroad of up to 8 weeks each (including basically any doctors and hospitals abroad, as well as transport back home when medically recommended) for about 15 USD a year, and similar insurance for trips up to 1 year for about 500 USD a year. (Valid worldwide, or excluding North America for a cheaper rate.)

(Recommendations (in German): https://www.finanztip.de/krankenversicherung/auslandsreisekr... )

Re: “Great resignation” wave coming for companies

#422

Post by UweSchmidt »

jason0597 wrote: post #354
benjaminwootton wrote: post #159

Earlier quoted context omitted.

It is a very popular thing to do in the UK before or after university. Around 20% of people at my university did the whole travel around Europe or Australia thing. Edit - Sorry, see all the peer comments made the same point.

I'm studying at a UK university too, and I always scratch my head as to how on earth people get the money to travel around Europe or Australia before they go to uni. Who funds it?

There is a wide distribution of wealth in capitalist societies, and a lot of it is hidden from sight. Financing a relatively low-budget formative and educational gap year is something thrifty and financially conservative people would do for their kids.

I had my moments, worrying about a friend's finances and professional decisions, only to learn later that, well, there was clearly nothing to worry about.

Re: “Great resignation” wave coming for companies

#423

Post by ghaff »

jjcon wrote: post #350
throwaway894345 wrote: post #296

Earlier quoted context omitted.

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

Though I suspect it's a lot more complicated than calling them up, telling them you've decided to take a gap year, and asking for your insurance card. It also wouldn't surprise me, never having looked into it, if the coverage is US only.

Re: “Great resignation” wave coming for companies

#424

Post by ajuc »

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.

Or your partner has health insurance. Or you are studying (even if you take gap year at university). Or you happen to have farming land. Etc, etc - lots of exceptions.

Or you pay for it yourself from your savings (under 100 USD a month last I've checked).

Re: “Great resignation” wave coming for companies

#425

Post by aurelianito »

mandelbrotwurst wrote: post #412
reverse_list wrote: post #400

Earlier quoted context omitted.

These comments about how the market is on fire for developers always make me sad. Not your fault, but outside the US (and maybe western/northern Europe) you get lowballed hard, even with years of experience. And the supposedly lower CoL doesn't make up for it, at all, not even remotely. I'm not even talking about getting crazy bay area compensations, I'm talking about hoping something better than a $25k-$45k range fo…

Out of curiosity, where are you located?

Not the original commenter, but this is the situation in Argentina. I would love to do a remote gig and get 100k a year. I am a programmer with over 20 years of experience and I can program professionally in over 10 different programming languages.

Re: “Great resignation” wave coming for companies

#426

Post by cjpearson »

softwaredoug wrote: post #416

Nobody is mentioning people leaving jobs because they DONT want remote. I do know of people frustrated that their company is closing its swanky office they enjoyed working at to be 100% remote.

I'm curious how those numbers compare. There seems to be a significant majority in favor of remote work in online forums, but that's not a perfect sample.

Re: “Great resignation” wave coming for companies

#427

Post by VRay »

ryandrake wrote: post #403
rchaud wrote: post #363

Earlier quoted context omitted.

> If you're working in tech and you can't bank enough to take 6m-1yr off, you're doing your finances wrong. Why would you assume to know what other people's financial situations are, let alone their wage scale in an industry where not everyone is a US-based SWE?

Not to mention, even if you can save this much, put it in your 401(k), not a vacation savings account. The financial impact of taking a whole year without pay in your 20s probably adds 5 years to your retirement date, due to compounding interest and investment growth. Is it really worth it, just so you can fill your Insta with pictures of you windsurfing in Ibiza?

If you're writing so much software you hang out on HackerNews for fun, and you're not saving enough to max out your 401k AND have savings left over for 6 months off, you're doing your finances wrong (and/or you can get a 4x pay bump in a new job)

Re: “Great resignation” wave coming for companies

#428

Post by frockington1 »

xwdv wrote: post #207
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…

Why would it be white hot right now though? I don’t think software would be particularly affected by COVID negatively or positively.

Covid made it clear that many jobs can be automated

Re: “Great resignation” wave coming for companies

#429

Post by wsc981 »

ericd wrote: post #404
BurningFrog wrote: post #291

Earlier quoted context omitted.

Yeah, I easily make twice as much as I spend. So I take a year of now and then, if I feel like it.

Do you ever find this makes finding a new job on return difficult?

> Do you ever find this makes finding a new job on return difficult?

I am not the same person you asked the question to, but I guess if you work on a couple of hobby projects and actually release those in your break year, you won't have holes in your CV.

Re: “Great resignation” wave coming for companies

#430

Post by karanke »

setgree wrote: post #198
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 left my job in May and I'm hiking the Appalachian Trail now. I saved more than enough for living in a tent for 5 months (admittedly the tent was expensive but I already had it). So far it's been great. I've met a lot of folks who are burned out and taking some time to think. If long-distance hiking appeals, I'd be happy to discuss it. Long-distance hiking isn't for everyone but

Could you leave your email in your bio? Or email me? Definitely interested to learn more about your experience.
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