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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#761

Post by jjav »

mcguire wrote: post #625
jjav wrote: post #581

Earlier quoted context omitted.

> If I am running the company, I would MUCH rather operate short-handed than "fix" my recruiting problems by lowering the bar. Nobody is talking about lowering the bar, but of putting the bar in the right zipcode. An extremely high bar of leetcode testing is irrelevant to the actual job, so that's an irrelevant bar.

And yet, those companies seem to be more successful than others with "more relevant" bars.

Or you could look at it as those companies have so much money and fame that they have tens of thousands of candidates pounding at their door so they can afford to arbitrarily reject approximately everyone.

But if you're running a startup (target audience of ycombinator), you'd do well to play a smarter game since you can't outspend or out-fame the FAANGs. A big part of that is to have better interviewing practices than they do.

Re: “Great resignation” wave coming for companies

#762

Post by mywittyname »

foobiekr wrote: post #636
geekster777 wrote: post #609

Earlier quoted context omitted.

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 browsing any discussion on recruiting and interviewing with illustrate, hiring is already fucked up, and adding age plus a multi year gap would make getting a new job quite hard, let alone one that matches the compensation one has today.

This is a risk I think that people don't give enough consideration.

I know a guy who FIREd a while ago, long before we called it FIRE, and he's had a heck of a time landing another corporate job. He had a very successful business development firm and took a buyout from partners so he could move away from NYC and spend time with his kids. His kids are all grown up now and he's been looking for jobs and...crickets.

Re: “Great resignation” wave coming for companies

#763

Post by wil421 »

lupire wrote: post #641
joshgachnang wrote: post #340

Earlier quoted context omitted.

Every time a recruiter (especially internal) reaches out to me lately about "remote until after Covid" I politely tell them I have no intention of ever being forced back into an office every week and good luck with their search. Hopefully they'll realize quickly enough. Agreed on the salary uptick now. I'm not actively looking, but I'll entertain interesting companies. I've had a lot more companies say "yeah, we can…

What do you mean "base"? Why so specifoc for only one part portion of your comp?

Cash is king. Stocks, bonuses, and RSU are never guaranteed.

Re: “Great resignation” wave coming for companies

#764

Post by tunesmith »

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…

Can I get an ELI5 on how to even start looking around? I'm someone that contracted via word of mouth for years, and I have zero recruiter relationships. My resume is probably very strong (principle engineer / architect level, strong mentor, JVM/distributed backend, nodejs react typescript frontend) but I haven't updated it for years. I know a lot of recruiters are lousy so I don't want to just cold-call one at random.

Re: “Great resignation” wave coming for companies

#765

Post by jjav »

rkeene2 wrote: post #695
rubicon33 wrote: post #650

Earlier quoted context omitted.

This always strikes me as the answer that a computer science reclusive would take. You would rather throw cryptic riddles and math puzzles at your lesser man, than pick up the phone and call their previous employer and ask how they performed, what projects they worked on, etc. I would bet money that the latter is far more predictive of quality candidates than any leetcode problem you randomly pluck from the ether and…

The company that the candidate previously worked for is typically not permitted to say anything about the candidate without prior authorization. Your proposed solution is not workable. I've previously hired contractors with minimal interviewing because they came from a trusted partner to my organization, so I asked the partner about their productivity and skills and they were given good reviews relative to what we we…

> The company that the candidate previously worked for is typically not permitted to say anything about the candidate without prior authorization. Your proposed solution is not workable.

You're right in that HR of their previous (likely current) employes won't say or allow saying anything.

But of course they're likely not giving as references their current boss, for obvious reasons.

Their previous bosses though, who have also left that company, will speak to you freely.

Re: “Great resignation” wave coming for companies

#766

Post by jgon »

maybelsyrup wrote: post #743
nonotreally6 wrote: post #709

Earlier quoted context omitted.

You mean the Fed printed a ton of money and sent it to everyone making less than a certain amount, and the government guaranteed wages for those who no longer wish to work, and caused a labor shortage and inflation. Soon those benefits will be insufficient, due to inflation, if the government continues to print money, and the real wages of the existing wage earners who actually produce value for the good of society b…

> for those who no longer wish to work > to those who don't wish to work > those who choose not to work at all > the same for working and for doing nothing, that people choose the latter You're making my point for me with the arbeit macht frei dog-whistles here. So let me be clear: if "work" is defined as "millions of white and blue collar professional lives before Covid, lives replete with Kafka-esque meaninglessnes…

I regret that I have but one upvote to give to this comment. Thank you for absolutely crystalizing so many of the thoughts and feelings that have been floating around in my head over the past 15 months.

Re: “Great resignation” wave coming for companies

#767

Post by maybelsyrup »

jgon wrote: post #766
maybelsyrup wrote: post #743

Earlier quoted context omitted.

> for those who no longer wish to work > to those who don't wish to work > those who choose not to work at all > the same for working and for doing nothing, that people choose the latter You're making my point for me with the arbeit macht frei dog-whistles here. So let me be clear: if "work" is defined as "millions of white and blue collar professional lives before Covid, lives replete with Kafka-esque meaninglessnes…

I regret that I have but one upvote to give to this comment. Thank you for absolutely crystalizing so many of the thoughts and feelings that have been floating around in my head over the past 15 months.

Cheers but no need -- I'm just repeating what other smarter people have told me. Take whatever you got from my comment and put it to good use: pass it along to someone else, or just go out into your community and lend a hand to those in need. Good luck

Re: “Great resignation” wave coming for companies

#768

Post by psychomugs »

nanidin wrote: post #496
ryandrake wrote: post #403

Earlier quoted context omitted.

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?

Why wait until one is old to have fun? Why assume one will even live to enjoy retirement? Can one even pick up windsurfing at a typical retirement age? I took off 3 years in my 20’s. 34 now, and back on track to retire in my early 40’s. Saving for retirement and enjoying life today are not mutually exclusive.

This sums up my (admittedly naive) view towards retirement. Why would I sacrifice so much of my youth for a future so far down the road that I will 1) most definitely be in worse shape for, and 2) may not even reach? I think the wringer of grad school is enough of an investment in my future.

Re: “Great resignation” wave coming for companies

#769

Post by jjav »

rkeene2 wrote: post #695
rubicon33 wrote: post #650

Earlier quoted context omitted.

This always strikes me as the answer that a computer science reclusive would take. You would rather throw cryptic riddles and math puzzles at your lesser man, than pick up the phone and call their previous employer and ask how they performed, what projects they worked on, etc. I would bet money that the latter is far more predictive of quality candidates than any leetcode problem you randomly pluck from the ether and…

The company that the candidate previously worked for is typically not permitted to say anything about the candidate without prior authorization. Your proposed solution is not workable. I've previously hired contractors with minimal interviewing because they came from a trusted partner to my organization, so I asked the partner about their productivity and skills and they were given good reviews relative to what we we…

> Competence is a spectrum and so at some level of competence there will be people who are competent but unable to pass overly complex interview questions

Competence is most absolutely not one spectrum. Competence is measured in dozens (hundreds, really) different axis. Everyone will have different scores (if we could realiably narrow it to a score, which we can't) on different axis of skills. Which of the skill axis are most relevant for any given role will vary, obviously. A generalist will have decent scores in many, a specialist may have mediocre scores in many but 99+percentile in their chosen areas.

Leetcode interviewing measures along one single uninteresting axis, the one corresponding to memorization of algorithm puzzles. That axis happens to be entirely irrelevant to any job I've ever hired for. So I don't test for that because I care as much for your skill doing leetcode as I care for your skill juggling frogs. Neither is relevant to the job.

Re: “Great resignation” wave coming for companies

#770

Post by ipaddr »

askafriend wrote: post #755
screye wrote: post #583

Earlier quoted context omitted.

Filter bubbles are incredibly dangerous. Every time I hang out my with most ambitious friends, I am reminded of how MSFT is 'low balling' company. That I could be making 2x if only I kept up with interviewing. On one hand, I can't avoid the objective truth of the statement. But, on the other hand, the hedonic treadmill is infinite. I'm glad I am not in the bay area. I would've been paralyzed by the persistent reminde…

> I am reminded of how MSFT is 'low balling' company. That I could be making 2x if only I kept up with interviewing. It doesn't take much to interview and double your comp. You don't have to interview at Google or Facebook to double your comp - many pre-IPO startups are paying up and their interview processes are often less rigorous. If you're happy with your situation then more power to you. But something tells me d…

Interesting thread. I thought everyone was clinging. How would you prepare if you had the rest of the summer?
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