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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#471
post #380

Earlier quoted context omitted.

> Ah yes, an intricate lie. Not a joke -- what do you think resumes are?

Wait, is putting fake jobs on your resume a common occurrence? I must say that that never even occurred to me.

There's a thick line between _putting an out-and-out fake job on your resume_ and _embellishing_ a little bit to optimize your profile.

Re: “Great resignation” wave coming for companies

#472

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

definitely the case in Germany. If you're unemployment and not looking for a job or exempt from it(sickness, poverty, ...), you're going to need to pay on your own.

So... not the case in Germany. You don't need to be employed or in social programs, you can just pay money. In Germany it's a fixed amount, less than you would pay if you had income, and they can't refuse you.

I know to a European this might sound like the only two options, but pre-Obamacare, and very possibly again if the US can't get its shit together, it was impossible to buy health insurance no matter how much money you had for a large number of unemployed or self-employed people.

Re: “Great resignation” wave coming for companies

#473
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…

> 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'. I think your circles are rather unusual, if this is true. A $900k net worth is in the 99th percentile for 30-34 year olds and 95th percentile for 35-40 year olds in the US ( https://dqydj.com/net-worth-by-age-calculator-united-states/ ) Even among my anecdot…

A $900K net worth is not enough to FIRE in my estimation. $36K/yr with the need to still buy housing is spartan and/or risky with a 60-year outlook.

Re: “Great resignation” wave coming for companies

#474
post #207

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.

Stocks (and therefore RSUs) are up. I joined a FANG in 2019 with $500k RSUs. Now I have $740k in unvested RSUs, including $600k remaining from the initial grant.

Re: “Great resignation” wave coming for companies

#475

Earlier quoted context omitted.

People keep saying this, and companies keep trying it, and it keeps not working very well. You try to cheap out with remote developers, and you get what you pay for. Sometimes it works, because the guy who sowed has already done the up and out to another company by the time it's time to reap.

That's because most managers don't do due diligence and proper checks on the remote teams. I've worked with teams from Poland & Romania that have been far more productive & professional than some of my colleagues here in Finland.

I've worked with Romanians, and have been quite impressed.

I've heard good things about Polish teams.

I've seen some truly God-awful, unmaintainable code, though, and have heard many outsourcing horror stories.

In my experience, good engineers can command good salaries; wherever they are. I think that we will actually see engineers in India and Vietnam getting a lot more money for their work, because they are just plain good engineers, and they will be able to stand out a great deal more. This remote economy will give them some real opportunities.

It's pretty hard to keep a good [wo]man down; no matter where they are.

Re: “Great resignation” wave coming for companies

#476
post #50

Earlier quoted context omitted.

I think this is horrible advice. I’ve hired all sorts of people with voluntary time off on their resume. Your experience doesn’t ‘expire’ in a single year. Life is about more than just working, if you have the money to take time off to enjoy your life you shouldn’t not do it out of fear.

>Your experience doesn’t ‘expire’ in a single year You're right, it doesn't. But it brings up all sorts of questions in the mind of your interviewer as to the true nature of your departure, and it immediately puts you at a huge disadvantage.

I've done about a 10 mo break after my first job and after my second and it has never been an issue with employment. You're overestimating how much hr and hiring managers care.

Re: “Great resignation” wave coming for companies

#477
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.

I'm seeing a lot of colleagues leaving for substantial raises. But I've also noticed that we've been hiring a lot of entry-level folks. Not sure if we can extrapolate that industry-wide, but I suspect we can.

There are a lot of cities in the USA with an underpaid, but experienced workforce. While you might not find these offers to be competitive, someone from Springfield making $65k would absolutely jump at a $95k offer, even if that's still pretty well below the median national salary.

Re: “Great resignation” wave coming for companies

#478
post #381

Earlier quoted context omitted.

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 g…

I've been following this movement for well over a decade now, and it's not a heterogenous community. You see the entire spectrum, from people who just want to get really rich and indulge in expensive hobbies like keeping their own private jet, people who end up working and earning more after they're financially independent, to people who are burned out and can only imagine a retirement existence consisting of beaches…

Yeah - FIRE comes in many flavors depending on what you're goals are. https://partnersinfire.com/finance/fire-fundamentals-basics-...

Re: “Great resignation” wave coming for companies

#479
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…

I appreciate the alternative perspective and productive-pessimism, but anecdotally in my immediate social circle of engineers, 5 have changed jobs - all for substantial upgrades, and not 1 of them was for a job that required office presence or downgrade in quality of environment. The last year has been so strong for online tech that there is a heavy vacuum effect on the available talent. FAANG are struggling to fill…

It's not not just FAANG having a hard time finding skilled engineers - everyone is having the same problem.

Re: “Great resignation” wave coming for companies

#480

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…

There is currently a wild and IMMENSE disconnect from worker attitudes to beliefs about worker attitudes, and I don't know why.

Largely because business owners are pushing the "$300/month is making everybody lazy" narrative. There doesn't appear to be much evidence it's true, at least not to the extend business owners would have us believe.

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