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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#601

Post by lowbloodsugar »

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…

>Real Translation: Covid has made people miserable in their jobs.

I am far happier in my job and my career. And if my employer decides that they require people to come to the office, then I shall find a different employer who doesn't.

Re: “Great resignation” wave coming for companies

#602

Post by lanstin »

comeonseriously wrote: post #501
Wonnk13 wrote: post #370

Earlier quoted context omitted.

>Never piss off your employees by taking away something they feel entitled to. I've read one of the easiest ways to break moral in an office is to simply take away the snacks. Forget nap pods, or walking desks- don't touch my clif bars!!

Exactly. A lot of people think, if the company is so tight or so stingy (whichever the case may be) they can't afford bagels anymore, it might behoove me to search for work elsewhere.

To be honest one of awesome things for work at home is it prompted to me to finally setup a half decent bagel at home routine. And nice coffee, weak and fifty percent milk, just like I like it. I am looking forward to 4 pm tea time informal chats with friends, two days a week, shortly.

Re: “Great resignation” wave coming for companies

#603

Post by ghaff »

syshum wrote: post #570
revel wrote: post #442

Earlier quoted context omitted.

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

It doesn't even need to be about an antagonistic situation. It's like any other negotiation situation. If you're in a position to and not really too unhappy with just walking away if you don't like your work, your team, your salary/benefits, an organizational change, etc. it makes discussions much more relaxing.

Re: “Great resignation” wave coming for companies

#604

Post by giantg2 »

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…

I guess I fall into the idle fantasy category. I dream of quiting my job. I do look at job postings, but I don't see any better jobs in my area (that I'm even remotely qualified for).

Re: “Great resignation” wave coming for companies

#605

Post by kristopolous »

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…

When hiring I totally Want gaps in people's resumes. I've even asked people who hadn't why and whether they really want to be looking for work right now at all.

I honestly try to maximize humanity, unhappy people can't do good work.

Re: “Great resignation” wave coming for companies

#606

Post by Volrath89 »

yaitsyaboi wrote: post #558
Volrath89 wrote: post #512

Earlier quoted context omitted.

I'm located in Colombia, and all my developers friends/acquaintances that speak English are already working for US companies. Some of them earning 100k+, but most of them earning about 50-70k. I'd say there is not a general unwillingness to hire overseas developers, on the contrary, if more people could speak english in south america US companies would be more than happy to hire even more here. There is a shortage in…

Just curious: what kind of lifestyle does 100k USD get you in Colombia?

You can live in a flat in the best parts of major cities comfortably, you could hire one or maybe even two FT employees to help you to cook, clean the house, take care of kids, etc. If you don't like the city life, you could also rent a small "mansion" in the suburbs (but then you'd suffer a bit with the internet connection, fiber only goes to major cities)

You could dine out at nice restaurants every weekend and travel around by plane every time there is a holiday and stay at 5 star hotels

Taking into account the minimum salary here is 300 USD / month and with 50k per year you are already top 1%, 100k gives you an unimaginable level of wealth. You'd earn about the same salary as the president of the country and more than most CEOs from local companies

But that would be if you spend all your salary every month which is not so smart, what most of us (bilingual developers) do is continue living a standard middle class life and just invest heavily, I invest more than 50% of my salary, mostly in real state and US stocks

Re: “Great resignation” wave coming for companies

#607

Post by lanstin »

jjk166 wrote: post #563
dcolkitt wrote: post #325

Earlier quoted context omitted.

> 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 b…

Not for software in US or India I don’t think. I am not manager but do lots of interviewing and OMG people who can code and think and talk are so so precious. We would hire all remote in a jiffy, unless asking salary is higher than budget. When it is coming down to it, my company is picking lower salary over in office.

Re: “Great resignation” wave coming for companies

#608

Post by BurningFrog »

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?

Job searching with "stranger" companies becomes harder.

But if you leave enough coworkers who want to work with you again at each job, you can always find jobs through them.

Re: “Great resignation” wave coming for companies

#609

Post by geekster777 »

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…

You do have the option of going back to work if shit hits the fan. Maybe it'll be harder to find a job, or to find one that pays as well as before, but that's pretty heavily tempered by the fat nest egg you have. It's a pretty big misconception that by "retiring" you're permanently cutting off all abilities to produce income ever again.

It's easy to see "oh if a wealth tax is introduced, you'll run out of money by 50" as if it's a huge hole in the plan, but if you're 30 that gives you 20 years of draw down time. A change in the market or legislation won't sneak up on you and suddenly drain you of all your cash - if it does, it's probably something affecting the entire population. You'll likely have a year or two of drawing down more cash than you should before you pivot your plans.

The most vulnerable time during FIRE is the first few years of early retirement (where a market crash could wreck you), but is simultaneously the point where you're still at your most employable (plenty of relevant contacts, skills that aren't out of date, and a relatively small gap on your resume).

Re: “Great resignation” wave coming for companies

#610

Post by paulcole »

leesec wrote: post #524
paulcole wrote: post #216

Earlier quoted context omitted.

Got a job. Had 6 months of expenses left in the bank and didn’t want to risk dipping into stocks. I wasn’t wealthy in the HN sense though. This was 2010-2013 and my rent for a tiny studio apartment was $550 a month. Other major expenses were just internet (50 a month), groceries (few hundred a month), gym (35 a month) and electricity (20 a month). No cell phone. No car. For the 5 years leading up to that I was workin…

This is crazy impressive to me man, props. No phone/no car is rebellious in this day and age.

Lol thanks. I'm nearly 40 and still holding out on both. Never driven, never owned a smartphone. I have a pay as you go flip phone I got at Office Depot for work in 2015 but I never turn it on unless I need to make a call that won't go through Google Voice.
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