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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#561

Post by skeeter2020 »

kamarg wrote: post #537
rubicon33 wrote: post #504

Earlier quoted context omitted.

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.

It's more expensive to make a bad hire than to not hire someone and move a bit slower.

while this is true, maybe they should work on how they assess candidates instead of continually complaining about how there are none.

Re: “Great resignation” wave coming for companies

#562

Post by sbacic »

xyzelement wrote: post #541
rubicon33 wrote: post #504

Earlier quoted context omitted.

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.

This is all contingent on said leetcode riddles actually helping with candidate selection. If they aren't, you've just limited your pool of potential candidates for no reason whatsoever.

Re: “Great resignation” wave coming for companies

#563

Post by jjk166 »

dcolkitt wrote: post #325
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…

> Expressing intent to resign, and actually resigning are completely different things. You have to ask yourself, why this is the case. And the simple answer is status quo bias. Many dream of a different life, but few will actually pull the trigger on a major change. However if a company suddenly changes an established working relationship, then all bets are off the table. If people have gotten used to WFH, and now yo…

> Switching jobs is probably less disruptive to their status quo then going back to the office.

Maybe for a little while when there are lots of jobs offering WFH and competing for a small number of people switching jobs. However if you invert that by having lots of jobs simultaneously require people to come back into the office and lots of people simultaneously seeking new employment, then that job hop is likely to be quite difficult. At the very least, most people probably won't be able to line up a new WFH job before they either need to start going into the office or quit and risk extended unemployment. In the long run there will be more WFH opportunities than before the pandemic, but a lot of people are going to have to go into an office whether they want to or not.

Re: “Great resignation” wave coming for companies

#564

Post by ptmcc »

revel wrote: post #442
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…

Just a warning to those planning to do this: you are taking an incredible risk with your future that I think is undervalued. Circumstances beyond your control can make your plans financially unviable and by retiring so early you have absolutely no room for error. All it takes is one change in health or a regulation for your whole plan to be instantly invalidated. For those that have the ability and the desire to reti…

Critics of FIRE really like to hone in on the "RE" part, but most people I know who are aspiring toward the goal are much more focused on the "FI" part.

It's not so much that you can retire to sitting on your ass at 35, but it's that you've made your millions and can quit the grinding corporate job and do something less stressful and/or more meaningful, and quite likely less lucrative, without taking a big lifestyle hit. It's about having the ability to build the lifestyle you want. Having that big bank account gives you options and freedom.

Few people I know working toward FIRE are aspiring toward doing nothing in "retirement".

Re: “Great resignation” wave coming for companies

#565

Post by reaperducer »

There have been so many similar articles over the last three months. And every time I see one, I'm reminded of how resistant to change the company (and industry) I'm in is.

The company I work for is starting to bring people back to the office department by department. People are resisting, and the company is telling them not to let the door hit them in their asses on the way out. Officially, it's because there is no "policy" for long-term work-from-home. But it's just stubbornness that comes from its habit of moving at the speed of a glacier.

I've heard that some departments have lost 20% of their people so far. I know for a fact that one department I work closely with has lost 40%. My observation is that the better the employee, the more likely he is to refuse to come back to the office.

Re: “Great resignation” wave coming for companies

#566

Post by libria »

rychco wrote: post #197
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 not taken a gap year or heard of anybody else that has either. My peers and I are all 1-2 jobs out of college, and we’re all terrified of having a gap in our resume. Apparently this concern is overblown, but we all seem to have learned it from our parents.

> we’re all terrified of having a gap in our resume

I took a 1 year break and have had to answer a simple recruiter/interview inquiry regarding it for the next 5 years. I don't think it ever eliminated me from consideration but it was more like a necessary precaution. Not so great answers would include:

* Anything beginning with "uh uh uh". Answer confidently.

* "I was searching for work the whole time and just couldn't pass interviews"

* criminal activity

* anything indicating a bad work ethic or difficult employee

* apathy, indifference, numb, lazy. Even if you felt that way the whole time, LIE. You took a year off, you want to look like you had an undying passion for something every day even a hobby.

Re: “Great resignation” wave coming for companies

#567

Post by syshum »

sokoloff wrote: post #473
the_gastropod wrote: post #397

Earlier quoted context omitted.

> 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.

the 4% rule is viewed by many to be very very conservative, many are looking at 6-8% as a better base line.

Of course if you are retiring in your 40% you may want to be pretty conservative...

Re: “Great resignation” wave coming for companies

#568

Post by reaperducer »

throwaway0a5e wrote: post #30
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 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…

You hear a heck of a lot more about it on HN than happens in reality.

In my industry, and the one my wife works in, if you have a gap year it's a red flag that makes potential employers wonder if you got fired from your last job and just aren't listing it, or did time in prison, or are simply unreliable.

It's great that in the tech bubble people don't think much about gap years. But in the real world, they can doom your chances of getting a new job.

Especially since these days you don't get to explain the gap since your application is vetted, filtered, and ranked by a computer and not a person.

Re: “Great resignation” wave coming for companies

#569

Post by maerF0x0 »

dehrmann wrote: post #521
ciisforsuckas wrote: post #143

They want us back in the office July 16... I'm going to pass so found a new remote role with higher salary and equity. I will be part of this wave. I didn't realy even try with how insane the market is especially if you are specialzed in the current hotness. Moreso, the rise of fully remote role has opened up our ideas about our current living situation. The real estate market in our city is shattered and broken. So…

Mostly for more junior people, be very careful with this. Even if companies make sure promotions happen equally for on-site and remote, you'll learn everything slower. This could be new technology, a new language, or things about the company's infrastrucutre, but it will all be slower, and don't be surprised when people who are on-site seem better at their jobs.

Depends on how you learn. Personally I've alway been ultra self taught. Even in university would only show up for lectures if I didnt understand the material in the text book. Else I basically just followed the syllabus and got reasonably good grades.

Some are more hands on though and prefer social learning ("show me how to do it..."). To each their own, but I personally learn faster when left alone than when someone tries to put me through their "course".

Re: “Great resignation” wave coming for companies

#570

Post by syshum »

revel wrote: post #442
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…

Just a warning to those planning to do this: you are taking an incredible risk with your future that I think is undervalued. Circumstances beyond your control can make your plans financially unviable and by retiring so early you have absolutely no room for error. All it takes is one change in health or a regulation for your whole plan to be instantly invalidated. For those that have the ability and the desire to reti…

Typically the "RE" part does not mean "sit on a beach and do nothing"

For most people FIRE simply means being in a "position of Fuck You", which is very empowering and provides you with more options to seek out income opportunities that make you truly happy with out having to worry about paying the mortgage or putting food on the table

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