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Who Is Driving the Great Resignation?

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Re: Who Is Driving the Great Resignation?

#81

Post by Mountain_Skies »

vkou wrote: post #56
imglorp wrote: post #24

Earlier quoted context omitted.

One slight variation on remote: last year we learned which companies are loyal to, and value, employees. Plenty of companies released people preemptively, simply to make a couple of quarters look good. If the relationship is going to be that minimally frangible, people will hesitate to relocate to a company town at great impact to their family, only to repeat every time a shadow crosses some book. Remote people can h…

> If the relationship is going to be that minimally frangible, people will hesitate to relocate to a company town at great impact to their family, only to repeat every time a shadow crosses some book. Most tech jobs are not in single-company towns, they are in tech hubs, which have a large number of alternative employers.

There are large companies in small towns with need for tech workers. If you move to Columbus, Georgia to work for Aflac's IT department (which is quite large) and then lose that job, you're going to have a difficult time finding something equivalent nearby. There are other local employers with IT needs but nothing on the scale of Aflac. At that point, you probably have to pick up your family and move closer to Atlanta to find similar work and compensation.

Re: Who Is Driving the Great Resignation?

#82

Post by user-the-name »

ipaddr wrote: post #76
user-the-name wrote: post #35

Earlier quoted context omitted.

People, on average, lose money trading crypto. This is just a simple mathematical property of the crypto market. On paper , it looks like a lot of people made a lot of money. But in actual money, on average, you will lose.

On average people have made tons of money. The earlier involved the better. If the market is growing you will see values increase.

Incorrect. On average, people have lost money, and this will continue to be the case forever, no matter how the market evolves.

Re: Who Is Driving the Great Resignation?

#83

Post by [deleted] »

neltnerb wrote: post #47
Guest42 wrote: post #21

Earlier quoted context omitted.

Anecdotally, I've seen 4 people leave for career advancement versus 1 that left due to wanting to be in the office.

Feeling disconnected from the team because you're all remote doesn't necessarily mean you want to be in the office. I think it's more like... you aren't as loyal to the team and company and so make career moves for personal or professional reasons that you might have delayed otherwise.

[deleted]

Re: Who Is Driving the Great Resignation?

#84

Post by octokatt »

I'm surprised I hadn't seen this in the list, but my money is on Response to Second-Wave Crisis.

In the first wave of COVID-19, we saw which companies could handle the work-from-home crisis and which did poorly. Ultimately, though, a lot of people didn't feel like they could move jobs because suddenly they needed job security as well.

In the current wave of COVID-19, at least in the US, we saw the same crisis management play out, but now the market has adjusted to remote work. The idea of going through an entirely remote interview process didn't seem as foreign after a year of Zoom meetings. People were more willing to look, and with vaccination more willing to explore.

Potentially as well, a lot of folk might just want something new. Novel experiences are lower right now because of safety measures, so the idea of staring at a screen with different problems is a little more exciting.

Re: Who Is Driving the Great Resignation?

#85

Post by vkou »

Mountain_Skies wrote: post #81
vkou wrote: post #56

Earlier quoted context omitted.

> If the relationship is going to be that minimally frangible, people will hesitate to relocate to a company town at great impact to their family, only to repeat every time a shadow crosses some book. Most tech jobs are not in single-company towns, they are in tech hubs, which have a large number of alternative employers.

There are large companies in small towns with need for tech workers. If you move to Columbus, Georgia to work for Aflac's IT department (which is quite large) and then lose that job, you're going to have a difficult time finding something equivalent nearby. There are other local employers with IT needs but nothing on the scale of Aflac. At that point, you probably have to pick up your family and move closer to Atlant…

That is correct, and it is correct that remote people have a moat against this sort of mercenary behaviour by their employers.

This moat is a lot less relevant if you are relocating to an industry hub, though. If you are having a hard time getting a new job in Seattle, San Francisco, or NYC, it's probably because the entire industry is contracting, and remote won't save you.

Re: Who Is Driving the Great Resignation?

#86

Post by xtracto »

aneutron wrote: post #64

Quite simple actually: Needed more money, wasn't approached by my company for a customary salary increase negociation in a timely manner, looked for another job. I like the people, but timing is everything in life, unfortunately.

That was more or less me: I liked the place were I worked, shit I opened the office and created the team in my country, it was "my baby". However, after COVID hit, a lot of people in my team started leaving for higher paid jobs (like double the salary) and way better benefits (including working from anywhere).

Meanwhile, my boss who "did not believe in remote work" was adamant that we had to go back to the office, even after we had had 2 different COVID outbreaks.

Eventually I got an amazing offer for 2x the salary, amazing benefits and working from anywhere (also more technical and no people managing). It was a no brainer to me.

Re: Who Is Driving the Great Resignation?

#87

Post by mrtranscendence »

user-the-name wrote: post #61
tick_tock_tick wrote: post #41

Earlier quoted context omitted.

> This is just a simple mathematical property of the crypto market. What? I don't doubt that people on average lose money but I don't know of anything fundamental about crypto markets that makes it a mathematical property...

Cryptocurrency trading is, because of market fees and mining fees, a negative-sum game. That means that on average, you will lose money if you play. Unless you are a miner or run an exchange, of course.

Help me out here. I know nothing about cryptocurrency, but as something in limited supply that is exchanged for money it seems that on average people could earn money as long as the price keeps rising.

Say there are four people in the crypto market. Joe buys crypto for $50, sells it to Steve for $75, who sells it to Sarah for $100, who sells it to Dale for $125, who holds it. Three people have earned $25 each (minus fees) while one is either even or has lost $125, depending on how you look at it (maybe he's happy holding his crypto permanently). This looks like on average people have earned money.

I'm not saying that this reflects how real cryptocurrency markets work, but it seems at least nominally possible that most people have earned money.

Re: Who Is Driving the Great Resignation?

#88

Post by mrtranscendence »

vkou wrote: post #56
imglorp wrote: post #24

Earlier quoted context omitted.

One slight variation on remote: last year we learned which companies are loyal to, and value, employees. Plenty of companies released people preemptively, simply to make a couple of quarters look good. If the relationship is going to be that minimally frangible, people will hesitate to relocate to a company town at great impact to their family, only to repeat every time a shadow crosses some book. Remote people can h…

> If the relationship is going to be that minimally frangible, people will hesitate to relocate to a company town at great impact to their family, only to repeat every time a shadow crosses some book. Most tech jobs are not in single-company towns, they are in tech hubs, which have a large number of alternative employers.

Is this technically true? Is there data on this? Just speaking for myself as a resident of Ohio, there are plenty of tech jobs between Cincinnati, Dayton, Columbus, and Cleveland. Not as many as in the tech hubs, but there are forty-seven states that aren't California, New York, or Washington.

Re: Who Is Driving the Great Resignation?

#89

Post by bklaasen »

rhacker wrote: post #53
unnouinceput wrote: post #32

Who? Stupid managers with a desire for control. Want to keep your workers and even get better ones? Raise the f*ing salaries.

At some point where is this money coming from?

"the top 1% wage grew 138% since 1979, while wages for the bottom 90% grew 15%"

https://www.epi.org/publication/charting-wage-stagnation/

Re: Who Is Driving the Great Resignation?

#90

Post by mrtranscendence »

I can only speak for myself. I left a role a few months ago that I enjoyed and was good at because I felt it was career-limiting. I'm a data scientist by profession, but I wasn't actually doing any data science; I was more of a technical resource. I wrote Python and R packages for interacting with company resources, using cloud storage, handling fiscal dates, etc, and consulted on moving teams to Azure from our on-prem infrastructure. It was great, but it seemed that I was shedding the human capital that would further my career in data science in favor of being a quasi-engineer (higher paid but less skilled).

I dunno. I realized it was a mistake to leave soon after I did. The company I worked for had great benefits, great work-life balance, and -- importantly -- other opportunities I could have transitioned into if I wanted. And the pay potential is only a bit worse. So I ditched the new job and I start back at my former employer on Monday, funnily enough.

I guess all this is to say that there's not one answer to why people are leaving -- we all have our individual reasons. It isn't just about salary, as some comments here indicate, but it's not just about remote work either.

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