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Poll: Why are people leaving their jobs?

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Re: Poll: Why are people leaving their jobs?

#191

Post by infinite8s »

enricozb wrote: post #147
miscoinceptions wrote: post #66

(Throwaway for obvious reasons) The market's been extremely hot the past 10 years. Anyone making a good tech salary and investing has done extremely well. I have enough to never work again. I didn't want to leave my team, but at some point your portfolio fluctuates every day by more than your salary and you have to ask yourself what's the point?

Assuming a salary of $100k, and 0.5% daily fluctuation, that's a portfolio of $20 million, which is a sizable amount.

Given the username, it's possible portfolio is in crypto, which would have much greater fluctuations.

Re: Poll: Why are people leaving their jobs?

#193

Post by Clubber »

AnotherGoodName wrote: post #77

There was a huge disconnect between management at the top and those on the ground. I think some managers never learnt to correctly judge workload and responsibilities. They we're rewarding those with minor responsibilities for achieving goals and harshly punishing those with huge responsibilities for minor misses. This inability to judge workload and responsibilities was previously hidden by people's presence in the…

I saw a great quote on HN a few weeks ago that went along these lines:

"Managers don't know if you coded it right, but they sure know if you missed a deadline."

Re: Poll: Why are people leaving their jobs?

#194

Post by Elidrake42 »

Flexibility (remote) was the primary motivating factor, but compensation was a pretty close second as I ended up with a ~50% increase. I wouldn't say that was down to the market, though, I was very underpaid relative to my positions average (I'm now slightly below average), which really came down to difficulty I've always had in valuing my work and my abilities.

I'm sad that it took a pandemic to take stock in my life, and I certainly don't think the family members I've lost were worth anything I may gain, but I'm glad to be where I'm at helping to push us ever forward.

Re: Poll: Why are people leaving their jobs?

#195

Post by exdsq »

nathias wrote: post #10

I quit my job to move into web3. edit: I don't know why I'm getting downvoted, but I can guarantee you I'm not the only one.

What sort of stuff are you doing? I’ve been in the blockchain space for three years and enjoy the work. HN hates any mention of it though - you’re better off using other mediums for decent conversations on the topic.

Re: Poll: Why are people leaving their jobs?

#196

Post by alex_anglin »

everfrustrated wrote: post #177
spockz wrote: post #151

Earlier quoted context omitted.

To be fair to the managers, from my experience managers themselves have little to say and it is mostly HR that determines rules like compensation. In our case, insanely, salaries are frozen. Nothing that your direct manager can do about it. Except, leave, and get hired the next day.

There's an exception for every rule. As a manager I've fought HR to get pay rises during pay freezes. And won. Bad managers roll over when presented with obstacles, great ones fight for their team.

The great ones also realize that there are other things employees value and build upon those, along with compensation.

Re: Poll: Why are people leaving their jobs?

#197

Post by rr808 »

NotSammyHagar wrote: post #153
rr808 wrote: post #27

Earlier quoted context omitted.

That might have been true in the old days when competitors paid 10, 20, 30% more. Now some tech companies are paying like 2x, 3x, 4x regular dev wages and its a reason to dedicate your life to this.

Explain what you mean by 2,3,4x more please. You can look at levels.fyi and if you are in a big tech see what the big companies are paying, that sets the market. In my experience the amounts of sometimes shockingly high, but eliminate a few crazy outliers and I see accurate rates. I'm a 20 year experienced principal engineer, and I see rates that match what I get. So what would 2,3,4x mean. Do you mean that much over…

What I mean is in my firm grads with 2 years experience are on $140k, and can make multiples in MANGA. If you already have a good SV tech salary you aren't going to make 3x unless you luckily hit a RSU jackpot.

Re: Poll: Why are people leaving their jobs?

#198

Post by jokethrowaway »

JoeAltmaier wrote: post #9

My old boss Eric Carlsen used to say, nobody left because of money. They may get more money if they change jobs. But they start looking because they're unhappy. So when somebody asked for more money, he'd start by asking what was bothering them.

In the past when people where spending 15 years in a company and the market was less competitive, yes.

Job hopping is the new default for engineers, most people after a few years in the industry realise their value goes up every once and then and that they can leverage that to get a salary bump.

Re: Poll: Why are people leaving their jobs?

#199

Post by greedo »

lapsedacademic wrote: post #48
JoeAltmaier wrote: post #9

My old boss Eric Carlsen used to say, nobody left because of money. They may get more money if they change jobs. But they start looking because they're unhappy. So when somebody asked for more money, he'd start by asking what was bothering them.

Is that true anymore? Everyone I know is always on the job market, even folks who haven't jumped employers in 10+ years are regularly in idle conversation with the job market. But, the honest answer to your boss's question: what bothers me is trading my time for money. My comp doubled. I can now afford to stop working in 3-5 years instead of 10+ years. I think this attitude has become much more common in the last 5-1…

I think this is something that varies with age. At 30, I was very aggressive in seeking better pay and more interesting opportunities. 20+ years later, I'm pretty much near the peak of my salary band in my region, and the work and environment is good enough to stay. I also have the typical roots put down; home, friends familiarity with my community. Disrupting that would be very stressful and the rewards would have to be commensurate.

So why would I bother jumping to a new job for a 10% increase?

I think the Great Resignation is really for industries that have had stereotypically low compensation, coupled with shitty environments. And I'm glad that people in those industries have a lot more leverage to make things better for themselves.

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