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Toxic culture is driving the great resignation

sloanreview.mit.edu

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Re: Toxic culture is driving the great resignation

#61

Post by ragnot »

mschuster91 wrote: post #35

What was the old saying? People don't flee jobs, they flee bad managers? You can run a fast-food franchise, a pub, a hotel or any other front-line enterprise with skill and enjoy extremely loyal employees (at the cost of your profit), or you can run it like a hell on earth by extracting all profit you reasonably can. For a long time, the latter was the standard model across the hospitality sector, especially as union…

A bad thing that I've realized about the latter scenario is that it is a vicious cycle. Here's what I mean:

1) You are a loyal employee who works hard and puts in the hours. You promise yourself that you will treat your reports well when you finally get a position of power.

2) You get screwed over by some higher up. You are devastated and everything you worked for is taken away. You vow never to let this happen to you again.

3) You claw your way back but you still hold on to what happened in point 2. You don't want to be a chump again so you take as much as you can (read: screw over others to get your own bonus).

4) Repeat ad infinitum

Re: Toxic culture is driving the great resignation

#62

Post by mypastself »

trabant00 wrote: post #53

> failure to promote diversity, equity, and inclusion I have a very hard time believing this is the major driving factir in the "great resignation". Or maybe my Europe environment is completely different. But to me this sounds like another attempt to push certain political views and not at all to really discover what is going on.

The article is very vague on the methodology anyway, but the claim that this is the top factor seems genuinely suspect.

Another factor is supposedly the failure to “recognize and reward strong performers“, which would seem to completely contradict the other claim.

Re: Toxic culture is driving the great resignation

#63

Post by HeadsUpHigh »

foolfoolz wrote: post #7

> Our analysis found that the leading elements contributing to toxic cultures include failure to promote diversity, equity, and inclusion; workers feeling disrespected; and unethical behavior I don’t really believe these reasons or at least they don’t match what i’ve seen. I can only speak for FAANG: I think this is more compensation based than anything else. In an effort to level the playing field FAANGS establish l…

Any excuse to not pay more.

Re: Toxic culture is driving the great resignation

#64

Post by trinovantes »

Areading314 wrote: post #34

A huge problem with this industry is the inflexibility to pay current engineers LARGELY increasing comp each year. The thought is that there is a market rate for an engineer and that pay can increase with the market rate, but this is a fallacy. An engineer that has been at a largish company for 1 year is worth 20-30% more than the year they were hired because they have specific knowledge of the tech stack. Yet that e…

Aren't large portions of stock compensation at most large companies paid out in years 3 and 4? Assuming you survive past the 2 year mark, you may as well stay for another two years

Re: Toxic culture is driving the great resignation

#65

Post by lmz »

trinovantes wrote: post #64
Areading314 wrote: post #34

A huge problem with this industry is the inflexibility to pay current engineers LARGELY increasing comp each year. The thought is that there is a market rate for an engineer and that pay can increase with the market rate, but this is a fallacy. An engineer that has been at a largish company for 1 year is worth 20-30% more than the year they were hired because they have specific knowledge of the tech stack. Yet that e…

Aren't large portions of stock compensation at most large companies paid out in years 3 and 4? Assuming you survive past the 2 year mark, you may as well stay for another two years

I thought that was Amazon specific?

Re: Toxic culture is driving the great resignation

#66

Post by emmo »

jahewson wrote: post #17
skrebbel wrote: post #10

Earlier quoted context omitted.

I'll never understand the American thirst for money for the sake of it. If HN comments are to be believed, top performer at your average FAANG easily earn $500k per year. At that point, aren't you well past the point where more money brings more happiness, even in high cost-of-living places? What's the point? Why not find a job that's fun and fulfilling?

The cost of living is just so crazy high here though, $2.5m for a starter home in SV. More in some parts. You’d need a household income of 500k/yr to even qualify for that mortgage.

A quick browse of real estate websites seems to show lots of nice places in SV for well under that amount.

Re: Toxic culture is driving the great resignation

#67

Post by Aeolun »

swift532 wrote: post #42
freedom2099 wrote: post #25

Earlier quoted context omitted.

I am with you on this one! I really don’t get it… I love in France (French riviera) and my salary despite being very good for the region is very far from the hundreds of thousands of FAANG companies in the US… and yet I more than once turned down offers from FAANGs because no amount of money can bet all the other benefits I get… 35h work week (no extra Hours), very relaxed corporate environment, 35 days of vacation a…

Sorry if I assume too much, but I think you'd be thinking quite differently if you had to consider buying your first home on the French riviera now, on something like a 60.000-100.000 euro pre-tax salary.

Isn’t that a very reasonable salary to be buying a home on? Especially at the upper end of that range.

Re: Toxic culture is driving the great resignation

#68

Post by emmo »

TomVDB wrote: post #22
skrebbel wrote: post #10

Earlier quoted context omitted.

I'll never understand the American thirst for money for the sake of it. If HN comments are to be believed, top performer at your average FAANG easily earn $500k per year. At that point, aren't you well past the point where more money brings more happiness, even in high cost-of-living places? What's the point? Why not find a job that's fun and fulfilling?

Finding a job that’s fun and fulling and finding one that is very well paid doesn’t have to be a contradiction. But there are multiple reasons why money is a bigger focus: - less long term job security. And that lower paid fulfilling job might very well be less secure too. I want to secure my financials as quickly as possible. - insane cost of housing. A family sized 1800 sqft house with a garden now routinely sells…

Move to a different neighbourhood.

Re: Toxic culture is driving the great resignation

#69

Post by llampx »

cjrp wrote: post #49
jahewson wrote: post #17

Earlier quoted context omitted.

The cost of living is just so crazy high here though, $2.5m for a starter home in SV. More in some parts. You’d need a household income of 500k/yr to even qualify for that mortgage.

What's considered a starter home? In England (well, the south-east of England), lots of people get started in a 1 or 2-bed flat (~60m²), maybe move up to a small terraced or semi-detached when they have kids.

A starter home in the US would be considered a dream home in many (most?) parts of the world. Garage, front yard, back yard, 3 bedrooms etc, all in a built-up area of around 1500-2000 sq ft (140-185 sq m)

Re: Toxic culture is driving the great resignation

#70

Post by freedom2099 »

Aeolun wrote: post #67
swift532 wrote: post #42

Earlier quoted context omitted.

Sorry if I assume too much, but I think you'd be thinking quite differently if you had to consider buying your first home on the French riviera now, on something like a 60.000-100.000 euro pre-tax salary.

Isn’t that a very reasonable salary to be buying a home on? Especially at the upper end of that range.

It is… most of my colleagues own a house or an apartment and we all have more or less the same salary!
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