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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#541

Post by xyzelement »

rubicon33 wrote: post #504
thatfrenchguy wrote: post #391

Earlier quoted context omitted.

> FAANG are struggling to fill demand in hiring and are offering increasingly high salaries This has been the case, according to my colleagues who are older, since at least 2003 ;-)

And yet, they still persist on presenting leetcode riddles that have very little relevance to the job being interviewed for. If they were hurting that much for devs, you'd think they might lower the bar a little by not requiring a years study of leetcode.

If I am running the company, I would MUCH rather operate short-handed than "fix" my recruiting problems by lowering the bar.

You don't have to agree with the bar the companies are using, but that is the bar they have converged on, and one that plenty of people are capable of passing.

Would much rather compete for those people.

Re: “Great resignation” wave coming for companies

#542

Post by FartyMcFarter »

gibbonsrcool wrote: post #358

I quit last June after 13 mostly consecutive years in tech. I haven't saved enough to be financially independent but I can coast for a while. Even at a company that seemed to have good work life balance, I couldn't take it so I have no idea how you FAANG folks do it. I don't know if I'm just not suited for the career or what, but working as a software engineer caused several stress related health problems that have e…

Work-life balance isn't bad at FAANG (not generally speaking at least).

Re: “Great resignation” wave coming for companies

#543

Post by distances »

ryangittins wrote: post #208
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…

> Maybe I don't hang out with the trust fund crowd enough I'm not sure that's a fair characterization of people taking a gap year, especially people in tech. The industry pays well relatively early and there is a surplus of jobs. If you keep your expenses low relative to your salary, don't let your lifestyle inflate beyond your means, and are fortunate enough not to be burdened with debt, health problems, or other la…

In the Europe I know, "sabbatical" means unpaid time off (commonly 6 months) while staying with the company. You don't get paid and don't accrue holidays/other benefits, but continue right where you left off when you're back.

I think option for this is required by law in some countries, though I've never taken it so I'm not exactly sure.

My former company allowed this after two years of continuous employment to let employees try their wings with building their own product. I thought this was pretty cool, and definitely a recruitment carrot. On the downside (for the company) lots of those colleagues ended up leaving after their sabbatical was up, but I figure that those people would have left soonish anyway. It's not like they would've had a problem getting a new job.

Re: “Great resignation” wave coming for companies

#544

Post by mullen »

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'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.

As a Westerner, I have never taken a gap year but I never met anyone who took one and wish they didn't. If you can make it work, take it, especially after the Pandemic because it's going to be an awesome time to travel.

Re: “Great resignation” wave coming for companies

#545

Post by OldHand2018 »

the_gastropod wrote: post #397
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…

> 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…

Being subject to constraints on your living standards can force you to be more disciplined. I’d bet that there are some in your circle that earn less yet are more financially stable than you would expect. They just don’t talk about it as much, partly out of politeness and partly because they think it’s pretty boring.

Re: “Great resignation” wave coming for companies

#546

Post by throwaway894345 »

voisin wrote: post #525
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.

I don’t think any country with single payer national health care covers travel insurance, so this would not put Americans in any different situation than others who are travelling for that gap year, which seems to be the topic here.

It assume it depends on the destination. I suspect most European healthcare systems cover you in most of Europe (maybe Schengen or EU?) while American systems only cover you in America. But yes, I suspect traveling to Africa or Asia puts the American and the European on equal footing.

Re: “Great resignation” wave coming for companies

#547

Post by mywittyname »

AnIdiotOnTheNet wrote: post #364
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.

I would personally take more free time over more money any day. The only reason I work a full time job is because it is the only way to get health coverage that you can actually afford.

I think this is a true cause of a lot of people leaving jobs. The company I work for has grown revenue 50% during the pandemic, but has only hired maybe 10% more people. So now I have 1.5 full time jobs and hate it, but I can't complain because I see that my coworkers are working 2-3 full time jobs.

It's easier to quit. The raise is nice, but the normal workload is much nicer.

Re: “Great resignation” wave coming for companies

#548

Post by morelisp »

throwaway894345 wrote: post #532
morelisp wrote: post #451

Earlier quoted context omitted.

Most (all?) European health care is not contingent on employment. With a few exceptions (notably the UK) it is contingent on being able to afford it, and one way to do that is following the rules to have the gov't pay for it. It's guaranteed, and highly regulated in price; it's not free. The easiest way to afford it is to have a job. However, if you are willing to pay more (still much less than equivalent US health i…

This is just semantics. If you have to pay more because of your employment status, then the system in question is contingent on employment for all useful purposes.

The claim is that "European public health insurance is commonly contingent on employment", not "European public health insurance monthly payments vary based on employment status."

The only way you could end up paying more is if you previously made an average amount of money, have a lot of savings, but now make nothing. Normally this is called "retirement" and if you didn't save enough for it, you don't do it.

Re: “Great resignation” wave coming for companies

#549

Post by cbHXBY1D »

aerosmile wrote: post #519

Remember how everyone predicted a baby boom in 2021 and instead we saw a 8-10% decline in birth rate [1]? It turns out that while people had more time to focus on their families, the financial uncertainty had a greater impact on their family planning decisions. The same thing happened in 2009 - there's a close link between the birth rate and recessions [2]. While I don't doubt that many people will change their jobs…

Instead, we saw a dog adoption boom.

Re: “Great resignation” wave coming for companies

#550

Post by ghaff »

zerkten wrote: post #310
Mauricebranagh wrote: post #161

Earlier quoted context omitted.

Its pretty common for ordinary middle class kids - and remember in the UK a degree is three years not the US four years (or even longer in Europe) Bit harder now post Brexit though

This is my experience too. The impact on career progression is very minimal when it done intentionally. There are of course people who think it's a lark, but before 2020 there were many folks developing skills that will catapult them forward after they graduated. I've moved to the US and can see how things are very different culturally with regard to travel. Others have mentioned that the US is not into backpacking.…

>Others have mentioned that the US is not into backpacking.

I assume "backpacking" in this context tends to mean riding trains around Europe, staying in hostels/couchsurfing/etc.

The US has a fair bit of backpacking and camping in National Parks/Forests/long-distance trails although it's not necessarily a fully mainstream activity. But much less of the "European-style" backpacking.

I think it's partly a difference of scale and ability to get around without a car once you get out of a handful of (mostly expensive) cities.

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