Poll: Why are people leaving their jobs? • Hacker News Board

Re: Poll: Why are people leaving their jobs?

#641

Post by eng1 » Sat, Jan 15, 2022, 4:09 AM UTC

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?

Easy. Strong mission statement. We’re all so lucky to have a set of skills that have impact millions of people for the better. Reach out if you’re interested in a solid mission statement (also great work life balance and pay)

Re: Poll: Why are people leaving their jobs?

#642

Post by eng1 » Sat, Jan 15, 2022, 4:14 AM UTC

yboris wrote: post #334

Before the pandemic started I would have quit my job if they didn't let me/us work 100% remote. But they changed the policy, and I'm now happily living in Michigan (rather than New Jersey). Went from 1hr+ commute each way to 1min "commute" with loads of benefits. I'll never work in an office again - 100% remote or bust.

We should trade - as soon as I can, I’m 100% office or bust. I miss being around people :(

Re: Poll: Why are people leaving their jobs?

#643

Post by tacocataco » Sat, Jan 15, 2022, 4:17 AM UTC

Which catagory would be "workplace abuse"? Other?

Re: Poll: Why are people leaving their jobs?

#644

Post by thedufer » Sat, Jan 15, 2022, 4:17 AM UTC

foobarian wrote: post #379

Xcelerate wrote: post #323

Earlier quoted context omitted.

Yeah, but if the market crashes while you’re still overpaying your mortgage, now you’re out of a job AND potential savings that you can’t get back. With even inflation outpacing mortgage rates now, I’m not certain in what situation—even from a risk perspective—it makes more sense to pay down a mortgage more quickly than necessary. (With current rates at ~3%. Obviously in the late 80s it made sense to pay the house of…

I keep looking over the historical graph for broad indexes and I don't really see any window longer then 2-3 years where 3% would come out better. You just need a buffer to withstand those downturns.

VTSAX is a very popular broad-market index fund. Its price was overall flat from October 2007 to sometime in January 2013 - over 5 years - while returning dividends of around 1.5%. 3% beats that pretty handily.

Re: Poll: Why are people leaving their jobs?

#645

Post by eng1 » Sat, Jan 15, 2022, 4:17 AM UTC

Mc91 wrote: post #287

I have been programming on the same team for 2 1/2 years and have a very hazy idea what salary I could be making. So one reason for going out and getting offers will be to get an idea of that. If they offer the same or near what I make I am more likely to stay. If my pay is bumped $20k that is more enticing, and even more enticing the higher it is. So I chose compensation, but company culture and life balance are par…

I’m actively trying to hire folks like you. Solid work life balance, good pay, and strong company culture with a meaningful mission statement.

Re: Poll: Why are people leaving their jobs?

#646

Post by eng1 » Sat, Jan 15, 2022, 4:20 AM UTC

bearjaws wrote: post #276

I am looking to leave soon to increase how challenging my work is and gain new skills. Honestly intended to leave my current role 8 months ago, but my leadership suffered a huge wave of departures and I didn't want to leave my employer out to dry with no Director level leadership. Since then I had the opportunity to hire 11 new team members in the "new-normal" era of remote hiring, which I feel has increased my skill…

I appreciate your loyalty - that’s pretty rare these days. Reach out if you want to explore a new opportunity (public company, good mission statement, good work life balance, good comp)

Re: Poll: Why are people leaving their jobs?

#647

Post by liketochill » Sat, Jan 15, 2022, 4:25 AM UTC

runako wrote: post #620

WestCoastJustin wrote: post #73

Earlier quoted context omitted.

Why is compensation #1 though? There is a threshold where you have enough money and it's easier to work with people you know and like. So, what do they need that extra money for? As I mentioned elsewhere housing is currently the #1 issues I see here in Canada that people are focused on. If you are a front line person, making $15 at a restaurant, plus renting where housing costs $1m+, you are probably looking for opti…

You answer your question in your post: > $150/hour as a dev That's about $25k/mo gross. Minus ~50% for taxes and vacation (hourly pay means you buy your vacation). So call it $13k net. > housing costs $1m+ If you live in a top 10 major metro in the US, this is your city. So call housing ~$4k if you have a family. Now you're at $9k. Buy health insurance for $1500, tally at $7500. Did you mean to save 15% of your gross…

Where I live a single family home starts at 1.3 million and townhouses are 1.2 CAD, in a town of 20,000 45 minutes from a major city.

$150 an hour is a charge out rate for a professional engineer not in programming or IT, and trades are closer to $100. $150/hr on salary you probably are in business consulting with a phd and charge out at $400/hr.

$9k usd/mo after paying taxes and for housing is not something that’s readily available here, I don’t think even in IT.

Re: Poll: Why are people leaving their jobs?

#648

Post by liketochill » Sat, Jan 15, 2022, 4:29 AM UTC

YZF wrote: post #635

abstract_put wrote: post #626

Earlier quoted context omitted.

What percentage of developers in Canada do you believe are making >= 150$/hour? People generally aren't that forthcoming with salaries but I'm not sure if I know anyone making >= 200k/year CAD. Am I in a bubble and should go job hunting?

Those jobs are out there. Depends on what area you're in and your level. Total comp.

Total comp it’s not that out it sight, $120k per year plus bonus plus pension can hit $200k at the right government outfit but $120k per year is $60 hr not $150

Re: Poll: Why are people leaving their jobs?

#649

Post by simonhughes22 » Sat, Jan 15, 2022, 4:33 AM UTC

karmajunkie wrote: post #577

fedorareis wrote: post #495

Earlier quoted context omitted.

That saying really isn’t true. I know plenty of people that liked their manager but still left companies. There are plenty of reasons people leave companies that have nothing to do with their manager.

i’d say it was at least half true —i’ve definitely left both companies and managers!

I agree.

Re: Poll: Why are people leaving their jobs?

#650

Post by liketochill » Sat, Jan 15, 2022, 4:34 AM UTC

claudiulodro wrote: post #387

reedjosh wrote: post #179

Earlier quoted context omitted.

This doesn't change the equation. Go buy a house that will increase by >5%/year, but then don't pay it off any sooner than you have to. Make the minimum payments, and invest in something that will return a stable 5%+ with your remaining income. Just because the house itself increases in value, doesn't mean you should pay down the ~3% interest rate loan any faster than you have to. And really, once you've built enough…

I'm not sure exactly how it affects the calculations, but if the house is paid off, you can use the money that would have gone towards mortgage payments towards investments though. So instead of $1000/mo towards mortgage and $1000/mo towards investments, you could do $2000/mo towards investments. It's probably a smaller total return than your method, but it's way less leveraged.

It’s always better to lever up if returns are greater than interest or inflation is higher than interest. And residential mortgages are the cheapest source of leverage available.