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‘Great Resignation’ gains steam as return-to-work plans take effect

cnbc.com

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Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#31

Post by onion2k »

mdorazio wrote: post #19
null_object wrote: post #12

I honestly don't know whether these articles are over-stating their case, and neither do I know how typical my own experience is, but for some reason it bothers me that the tone of the HN discussion is so reflexively dismissive. I understand that a lot of people will respond to a question of whether they intend to quit their job with a 'you bet!' even at the best of times, but I'm seeing a lot of people quitting and…

I can only speak from personal experience, but fwiw I'm currently consulting with 2 non-tech Fortune 500 companies. Both have implemented "hybrid" return to office policies where employees have to live within 100 miles of the office and be able to come in 1 day a week or 1 day a month depending on team. I've talked with executives in charge of large teams at both companies about this issue and so far it looks like th…

10% of people leaving during a time when hiring has gotten significantly harder sounds like a serious problem for any company.

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#32

Post by giantg2 »

frankbreetz wrote: post #2

>>a whopping 95% of workers are now considering changing jobs, and 92% are even willing to switch industries to find the right position, according to a recent report by jobs site Monster.com. This seems very high to me and little suspect, what is even more suspect is that they didn't link the report. I have seen a few of these articles, but no good report that tracks this over time and all the articles dismiss or omi…

I mean, if the poll was on the monster website it makes perfect sense. People are only going there to post or apply to jobs. 5% posting and 95% applying sounds about right to me.

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#33

Post by gaws »

kaycebasques wrote: post #10

Here's a blog post outlining why I left Google this month (June 2021) to take a 1-year sabbatical: https://kayce.basqu.es/sabbatical/prologue/ (Per AnIdiotOnTheNet's feedback here is a summary of my motivations and a compare/contrast with the ideas mentioned in the CNBC post) The main thing for me was the prospect of having kids in the next 5 years. It doesn't seem like it will ever get easier to have a sabbatical th…

I'd like to follow your blog, but I don't see an RSS feed link. Will you consider adding one?

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#34

Post by polynomial »

_red wrote: post #24
dcolkitt wrote: post #15

I’m honestly perplexed what the FANGs are even thinking in being so aggressive about pushing an end to WFH. Sure it could all work out fine for them. Maybe employees will grumble for a bit, then settle back into office life. But maybe it wont’t . There’s a very real possibility that you lose a non-negligible percent of your staff (disproportionately the most talented who have other options), handicap your ability to…

Well...FANG products have largely reached the point in development where new features are incremental and not closely tied to growth or churn in a meaningful way. Not being dismissive, simply pointing out...what fundamental leverage does a developer have against inelastic customer demand? Are customer going to stop using FANG products because advertising feature 3.2.97 isn't added this quarter?

In "theory" yes, as measured at scale. Whether or not such correlations really hold is up to a) your data science group, and b) the complex and political negotiation of optics by stakeholders.

I'm sort of kidding here, as I find your point sensible, but it may be a tough sell that demand is inelastic.

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#36

Post by polynomial »

eric4smith wrote: post #23
seneca wrote: post #14

Earlier quoted context omitted.

Meta-response, but what is with the carriage return after every sentence, (and sometimes in the middle)? It's a jarring way to write.

Haha good point. I learned to do it so it’s easier for people to read instead of a wall of text. People usually get bored with a wall of text. My sentences are longer on desktop - but I was writing on mobile now.

I am

really glad

not everybody does this

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#37

Post by [deleted] »

dcolkitt wrote: post #15

I’m honestly perplexed what the FANGs are even thinking in being so aggressive about pushing an end to WFH. Sure it could all work out fine for them. Maybe employees will grumble for a bit, then settle back into office life. But maybe it wont’t . There’s a very real possibility that you lose a non-negligible percent of your staff (disproportionately the most talented who have other options), handicap your ability to…

[deleted]

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#38

Post by ziggus »

Fine, you want to WFH? Awesome, expect a pay cut. Part of a modern white-collar salary has some expectations built into it, like the fact that people need to be compensated for the inconveniences of leaving their homes and coming to the office and therefore having to pay for things like childcare, cars, clothing, parking, etc.

Don't have those expenses anymore? Then why should I compensate you the same as if you did?

Why should I pay you more than some other remote worker in India, who'll work for a third of your pay?

Re: ‘Great Resignation’ gains steam as return-to-work plans take effect

#39

Post by forgetfulness »

_red wrote: post #24
dcolkitt wrote: post #15

I’m honestly perplexed what the FANGs are even thinking in being so aggressive about pushing an end to WFH. Sure it could all work out fine for them. Maybe employees will grumble for a bit, then settle back into office life. But maybe it wont’t . There’s a very real possibility that you lose a non-negligible percent of your staff (disproportionately the most talented who have other options), handicap your ability to…

Well...FANG products have largely reached the point in development where new features are incremental and not closely tied to growth or churn in a meaningful way. Not being dismissive, simply pointing out...what fundamental leverage does a developer have against inelastic customer demand? Are customer going to stop using FANG products because advertising feature 3.2.97 isn't added this quarter?

The market is neither that local nor that global. I don't mean this in a "threat from China" way, but if US companies just look at the offerings of other US companies and the US labor market they might get blindsided again when it turns out that there's good money, good programmers and good designers in Europe and China as well, as it happened with TikTok.
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