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.
I think the old generation really bought into this, but the new generation knows it's a load of bull. The poll makes it pretty obvious that compensation is the biggest reason folks leave, and it's the thinking of the old generation who doesn't know how to retain talent (they do, but they keep throwing pizza parties / sending out merch instead). It's a real "it can't be helped" mentality around retention.
Poll: Why are people leaving their jobs?
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Re: Poll: Why are people leaving their jobs?
#542Earlier quoted context omitted.
Why would you pay off your house when you can keep the cash in an investment account making > 5% APR vs. the house loan which presumably is in the low 3s.
>> Why would you pay off your house when you can keep the cash in an investment... I asked someone that in my mid 20's. He said "It's nice knowing I can support my family working at McDonalds if I have to." That stuck with me. Something fundamental changes in your life when you become debt-free.
You can save up so that you have enough money invested to cover all the remaining loan payments and consider that having paid off the house. But don't send the money to the mortgage company, invest it into something stable that pays more than the mortgage interest and you're better off.
(Not historically always possible, but with today's interest rates pretty easy.)
Re: Poll: Why are people leaving their jobs?
#543I'll be departing my job at the end of the month. I had too many roles, affecting too many pieces of engineering, and my title didn't reflect my work. I needed to go down to a 4 day work week and have my title reflect my roles, but my manager attempted to call my bluff and essentially said it's not going to happen. I hinted about what my decision would have to be if these accomodations couldn't be made, but he didn't…
"People don't leave companies, they leave managers."
Re: Poll: Why are people leaving their jobs?
#544Curious to find out if anyone is able to achieve strong career satisfaction working less than less than 20 hours a week. For me, I've always looked at the exchange of time for money. The problem with that is that you can't exchange money for time, only time for money. Realizing this, I set work to 0. There seems to be a step function at 40 hours - the "full time job", but I haven't heard of many people that are succe…
Have been doing that for close to a year now, and am trying to raise rates so I can move to a 3-full-day workweek instead, which I feel I can utilize better
Motivation hasn’t been great lately, feel like I’m at a crossroads as to what to do with my career and feel like need to decide soon.
If you reply with your email would be happy to chat more about it!
Re: Poll: Why are people leaving their jobs?
#545I think there's still a bit of robber baron culture in SE Asian companies. People who get away with firing pregnant women instead of giving maternity leave, docking pay for some arbitrary reason like not punching in. Because there's no early stage investors here, a lot of tech companies are founded by industrial robber barons, but the same techniques that worked for factories don't work when it's an employee's market.
At a lot of companies I've worked at, I'm also surprised how much the company owners don't care about it. About 80% of employees treat work as "just something to pay the bills", but the ratio is the same for employers.
Re: Poll: Why are people leaving their jobs?
#546Earlier quoted context omitted.
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 t…
> I'm pretty much near the peak of my salary band in my region I assume you're not interested in working remotely?
Re: Poll: Why are people leaving their jobs?
#547Earlier quoted context omitted.
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 t…
Hard disagree there: remote is opening coastal salary bands up to people outside the coasts. This is apocalyptic. People in the bay are way way way better paid, and not really that much better (they all came from someplace else, remember? Y’all didn’t get every good dev in Kansas, just the ones that wanted to move.)
Re: Poll: Why are people leaving their jobs?
#548The paid is slightly below market for a remote position (EU startup hiring in 3rd World Country, although I have a Master Degree in Computer Science), and I am sure I could get a better paid job. But I am not sure if I want to be 8 hours in front of the computer working. Right now, the boredom (which is awful most the time) allows me to do my own things / hobbies / etc, those days that I find something new, exciting, etc. If next Monday I want to read a book about Play Statino architecture, I know I will be able (except something bad happens in Production). But I don't find anything interesting, I will probably spend the day looking at Hacker News, Reddit, newspapers, etc.
I don't know what to do. I am not sure if I want to look for a new job that will make me hate Mondays (right now, most of the days are the same to me - weekends are different because my girlfriend / friends are available for plans), but at the same time, I don't want to waste my best years without taking advantage of my skills...
Re: Poll: Why are people leaving their jobs?
#549Re: Poll: Why are people leaving their jobs?
#550Earlier quoted context omitted.
Hard disagree there: remote is opening coastal salary bands up to people outside the coasts. This is apocalyptic. People in the bay are way way way better paid, and not really that much better (they all came from someplace else, remember? Y’all didn’t get every good dev in Kansas, just the ones that wanted to move.)
You're assuming my pay is markedly lower (for my role) than what I'd make on one of the coasts. It might be 10-15% lower, but not enough to compensate for shifting teams, getting accustomed to a new company/boss etc. Now if someone offers me 2x/3x?