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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#911

Post by hinkley »

oarabbus_ wrote: post #749
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 less than 1 in 10 people who talk about FIRE have some kind of realistic expectation about FIRE (i.e. you can't stay in the USA and also live like a king)

When I realized how poorly a million dollars spread out over a lifetime I realized that odds were good I was going to keep working.

And just how true that bit is about lottery tickets being “a tax on people who are bad at math.”

Having a bunch of money means not having to have a mortgage. That’s pretty powerful by itself.

Re: “Great resignation” wave coming for companies

#912

Post by hinkley »

grensley wrote: post #892
oarabbus_ wrote: post #749

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 less than 1 in 10 people who talk about FIRE have some kind of realistic expectation about FIRE (i.e. you can't stay in the USA and also live like a king)

I always love the phrase "live like a king" like it's some unachievable amount of luxury, when historically it's: - Mental illness. - Uncomfortable amounts of stone. Feeling trapped by the system. - The constant paranoid fear of other people who kind of want you dead. - Shitting in pots. It's pretty easy to live like a king in the US, just be homeless.

Never being able to do anything spontaneous, including eating food.

Also in many eras quack doctors.

Not just people wanting you dead, but close family members coming after you and your kids.

Re: “Great resignation” wave coming for companies

#913

Post by rukuu001 »

xwdv wrote: post #207
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…

Why would it be white hot right now though? I don’t think software would be particularly affected by COVID negatively or positively.

It is here in Australia. I've spoken to a lot of people who are hiring (EY, Accenture and some small-caps) and they all say the same thing - super hard, and expensive to get tech people right now.

Re: “Great resignation” wave coming for companies

#914

Post by trulyme »

Scoundreller wrote: post #597
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!!

You can watch the snacks, but I check the TP quality. Easy to verify before you start as well.

TP?

Re: “Great resignation” wave coming for companies

#915

Post by dilyevsky »

FabHK wrote: post #421
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.

In Germany, I can buy travel health insurance that covers an unlimited number of trips abroad of up to 8 weeks each (including basically any doctors and hospitals abroad, as well as transport back home when medically recommended) for about 15 USD a year, and similar insurance for trips up to 1 year for about 500 USD a year. (Valid worldwide, or excluding North America for a cheaper rate.) (Recommendations (in German)…

What’s the limit on that? If it’s like 100-200k then i got bad news for you… also as other thread says they will deny everything that is even remotely chronic and likely also that wasn’t preapproved with them before the visit

Re: “Great resignation” wave coming for companies

#916

Post by aidenn0 »

jc_811 wrote: post #881
joboyx wrote: post #872

Earlier quoted context omitted.

Isn't it a norm that before you resign you already signed the job offee on yor next job? So there's no down time for you?

I mentioned it in another comment, but if this is the case it feels like calling the movement a “great resignation” is a bit misleading, as a more appropriate label would be a “great company switching”

One definitely resigns when they leave one company for another.

Re: “Great resignation” wave coming for companies

#917

Post by sgerenser »

wil421 wrote: post #763
lupire wrote: post #641

Earlier quoted context omitted.

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.

RSUs (that are contractually part of your on hire compensation) in a publicly traded company are as good as cash. Just sell immediately when they vest.

Re: “Great resignation” wave coming for companies

#918

Post by aahortwwy »

BobbyJo wrote: post #890
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 think you're focusing on the wrong things (for instance, no one called anyone a leech). The fact is, we don't live in a post-scarcity society yet. Until we do work can't be about meaning, it has to be about need. Look around your house and life. Count the number of things you own and services you use that are not fun to make or maintain. Until that number hits 0, the majority of society will need to be forced to do…

Post-scarcity is often talked about in binary terms. We've either reached post-scarcity or we haven't.

I believe the transition to post-scarcity will be gradual, that it will happen faster in some sectors of society than others, and that this process may take multiple generations to complete. This has been the case with every other major economic shift, why would it not be the case with post-scarcity?

If this is how the transition to post-scarcity occurs, societies will eventually hit a point at which many people still need to work to produce our economic output, but far fewer than currently do. How will our economic system handle that situation? The selling of labor is the primary mechanism by which we distribute resources, but if we get to a point where only 20% of the adult population are needed in the labor force then how do we distribute resources to the remaining 80%?

Now, where things get really interesting is that "needed in the labor force" is not a binary thing, either. What if there's a big slice of the population from whom we only need five hours of labor a week? And they coexist alongside another slice of the population from whom we need forty hours of labor a week?

Maybe we're already a few steps down this road.

Re: “Great resignation” wave coming for companies

#919

Post by maybelsyrup »

crispyambulance wrote: post #899
maybelsyrup wrote: post #853

Earlier quoted context omitted.

Yes this is exactly right. There's a logical endpoint to their worldview: feudalism. It's got everything they want: the jobs (100% employment!), the genuflecting, the huge profits.

Yes, some are calling it "techno-feudalism". I think I first heard it from Yanis Varoufakis ( https://youtu.be/YpOLHSzZ8jc ). Watched as many interviews of him as I could find during those long days at the beginning and middle of the pandemic. He's an exceedingly sane person.

Yeah I wasn't gonna make a whole big thing about it, but I didn't pull that out of a hat. I know Varoufakis, but I hadn't heard him talk about techno-feudalism. In fact I'd heard the phrase "neo-feudalism" from people like Jodi Dean and Joel Kotkin, who have good stuff on this (though who's to say - I'm neither an economist nor a historian). I'll try to find YV's stuff and read it, I love him and I'm sure it's well thought out.

Re: “Great resignation” wave coming for companies

#920

Post by vmception »

dmlittle wrote: post #511
vmception wrote: post #495

Earlier quoted context omitted.

Levels says E-7’s at Facebook get a nearly $1,000,000 compensation package A) Is this annual? As in their unvested RSUs are nearly 4x this amount B) This is not accounting for stock price appreciation? or do I have it entirely wrong. Two years ago on Blind I could tell people were discussing their compensation packages in wildly differing ways. It was impossible to tell if people were discussing if they signed an off…

As someone who recently interviewed (although not at Facebook) the number is the _annual compensation package at the time they signed their offer_ (it includes base salary + annual stock grant + bonus). If someone got $1,000,000 in annual compensation 2 years ago, the stock portion per year will likely be larger now due to appreciation of the stock. These numbers are crazy high and before I interviewed this time arou…

Super nice that trillion dollar companies are being extremely competitive with compensation now

Wages have stagnated for 30 years and, to me, progress is not achieved until a house in the same area as the economic center can be owned outright in 5 years or less just like the baby boomers experienced

This seems to accomplish that, but lets throw in paying off all other encumbrances like student debt as well

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