Earlier quoted context omitted.
The buying power of your cash is surely decaying over time.
Yes, as would anything else . That's the point.
Well, real estate, gold, and bitcoin don't.
Poll: Why are people leaving their jobs?
651–660 of 773 posts
Re: Poll: Why are people leaving their jobs?
#652Wish I had seen this thread earlier, as this will get burried now. Oh well, here it goes: I am seriously considering leaving my current position as a lead developer because I am basically taking on the role and tasking of SCRUM master, architect, build engineer, DB admin, UI/UX consultant, technical writer, and not to mention - developer! I often find myself writing unit tests until 11 or 12 because I am stuck in meetings all day, writing requirements, coordinating with other teams, pairing with and mentoring junior devs, and haven’t had a chance to write any of the code I had committed to for the sprint. Sure, I can delegate, but a majority of the team can’t do UI, and no one, not even our PhD-level PO can write requirements in proper English that make sense, so I have basically taken this over as well. Everyone else seems to simply attend meetings and play-act their roles, leaving myself and 2 or 3 of the other senior devs to do 90% of the work (or re-work), all while leadership hounds us to over-commit every sprint and yell at us when we carry over tickets. While I am paid decently, it’s maddening and I am experiencing true burnout. I feel like I could probably work for Amazon and do the exact same work for $700k. Ok, I’m probably not smart enough for Amazon, but I am hoping that I can find a less stressful project for better compensation.
Icing on the cake: my company drastically changed our benefits this year such that our medical copays are double and our deductibles are far higher, so I am effectively taking a cut. Our team was also promised a retention bonus if we remain with the company during the recent re-compete but none of us have seen said bonus for nearly 8 months now and management explains it away as being due to the fact that we’re on a “bridge” contract.
Re: Poll: Why are people leaving their jobs?
#653Earlier quoted context omitted.
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.
Cheapest and most easily attainable.
Re: Poll: Why are people leaving their jobs?
#654Earlier quoted context omitted.
> and was paid significantly less than my team mates who were more junior than I was This is the kind of thing that any company doing this should be named, shamed and blocklisted. There is no reason other than greed that a higher ranking employee shouldn't make at least as much as a lower ranking employee in total compensation. "Person was hired earlier and is okay with the lower wage" is, frankly, a reflection of a…
Disclaimer: I'm not trying to say anything about or against your parent here. This can be a very subjective thing. How do you 'rank'? This is not something that is completely clearcut, cut and dry and you are 100% accurate without fail. Example: I have a guy on my team that is 'more junior' than some others. He's killing it though. He's consistently behaving like he's got 10 more years of experience than he does and…
In six months are you going to promote him? If not why not?
Re: Poll: Why are people leaving their jobs?
#655One of the good things that I think happened from the pandemic is that more and more people are realizing that tying up your identity and sense of self-worth in your job is a bad thing, that's why I'm very glad to see compensation so high on this list. Sure, everyone wants to work in a good working environment, but I think the idea that "nobody left because of the money" is finally being put to bed. The fact is that…
My passion is not doing stupid shit. As software developers we should be focused on automation so that we don’t have to do stupid shit.
Instead, at least in JavaScript land, it is only about tools. Automation be damned, because that means writing original code, god forbid. Thus we just do the same mistakes over and over like a mistake factory. Instead of doing any amount of self reflection we look for better tools. Rinse/repeat.
I have found quitting my job to work somewhere else means me risking what I have currently for something substantially less mature for more money and crappier benefits.
Re: Poll: Why are people leaving their jobs?
#656One of the good things that I think happened from the pandemic is that more and more people are realizing that tying up your identity and sense of self-worth in your job is a bad thing, that's why I'm very glad to see compensation so high on this list. Sure, everyone wants to work in a good working environment, but I think the idea that "nobody left because of the money" is finally being put to bed. The fact is that…
There's another side of the coin. For people who's identity was "I am X job" then maybe the comp is a reason to go get better pay and not be so intrinsically tied to it. The other side is people realizing that in many ways, that thing you are spending 40+ hours a week doing is, in some very "slice the pie" of your time ways, a large part of you. Even if it's not an identity, it's a lot of your daily existence. So spe…
The first part for sure. I raise the assertion that the feeling can be positive.
Re: Poll: Why are people leaving their jobs?
#657that's the best way of learning!
Re: Poll: Why are people leaving their jobs?
#658I'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…
> I declined because I don't negotiate like that. If you mismanage a negotiation, there is no do-overs just because you overplayed your hand. The trust is broken.
Not that it would be likely to happen, but you could also have doubled down. Now you'll need a 3 day work week and an additional 10% pay bump. There is some potential value in keeping emotion and irrelevant sentiment (like "trust") out of the equation.
Re: Poll: Why are people leaving their jobs?
#659Earlier quoted context omitted.
> Something fundamental changes in your life when you become debt-free. Being able to pay off a debt at anytime is equally freeing, for me at least. Paying off a loan with an interest rate significantly below inflation is not a great use of money[1] (and an opportunity loss). Putting that lumpsum into bonds ( any bond with interest higher than the loan) is better, or even investing in stocks with a stop-loss. If I lo…
The opportunity loss is what I don't get. Without the debt you can take on new debt that could be say a rental property or business loan. How is a bunch of money tied up in debt, and an equal amount invested to hedge that not a huge opportunity sink?
There is no loss of opportunity. You can borrow against invested money at very low interest rates, lower than mortgage interest rates, and people often do. In today's crazy real estate market, when people make "all cash offers" that is often just cash borrowed against securities. It is some of the cheapest debt that exists.
Re: Poll: Why are people leaving their jobs?
#660No post body was provided.