Live data from Hacker News

“Great resignation” wave coming for companies

axios.com

271–280 of 1001 posts

Re: “Great resignation” wave coming for companies

#271

Earlier quoted context omitted.

> When he finished and got back into work he realised that his break very similar to a female employee taking maternity leave. I have not met a single woman who would compare maternity leave to a travel leave and a “great” time. Infants are a ton of work, and between recovering from the birthing process (a vaginal tear with a few stitches is considered one of the best outcomes), learning how to breastfeed, only sleep…

I think all he meant was it was a similar break in terms of length of time and the company did a good job of re-integrating women who went on maternity leave for that length of time, leading to a good company culture in general for getting employees out for long amounts of time back into the thick of things.

Yes, I should have considered that! However, I do not think it is tenable for most employers due to the risk of the employee leaving permanently.

Re: “Great resignation” wave coming for companies

#272

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. How does this compare to the figure over a longer period of time?

A few charts showing 20-year quit rates via FRED:

* ALL Non-Farm: https://fred.stlouisfed.org/series/JTSQUR

* Professional and Business Services (which I believe captures software) https://fred.stlouisfed.org/series/JTS540099QUL

List of all the options https://fred.stlouisfed.org/categories/32247

Re: “Great resignation” wave coming for companies

#273

They want us back in the office July 16... I'm going to pass so found a new remote role with higher salary and equity. I will be part of this wave. I didn't realy even try with how insane the market is especially if you are specialzed in the current hotness. Moreso, the rise of fully remote role has opened up our ideas about our current living situation. The real estate market in our city is shattered and broken. So…

Any software company that’s ending remote work right now is basically risking its entire existence. There’s no possible way, in this market, a company will be able to replace 10% of its workforce in a reasonable time. I can understand why management wants to go back to the office, but why would you ever take the risk of being one of the first, before gauging how the market will react.

It's a big company and they are an ERP vendor thus rooted in old fashioned manufacturing ideas. They think their size will protect them.

Re: “Great resignation” wave coming for companies

#274

Earlier quoted context omitted.

Here is a good pdf where you can calculate it for your age: https://www.state.nj.us/dobi/division_insurance/ihcseh/ihcra... Basically, the metal levels are as follows: bronze, silver, gold, platinum are priced so that you the insurance company pays 60%, 70%, 80%, 90% of the healthcare costs. Of course, this is an actuarial calculation, so it’s only true over a large population over a long timeline. But healthcare is…

Wait, so insurance doesn't even cover 100% of the costs? So when you hear about those people who get lumped with $100k medical bills they still have to pay like $20k of that on top of your insurance? What happens if you can't afford the remaining percentage?

Decent insurance plans typically have an out of pocket maximum--at least for what they cover.

Re: “Great resignation” wave coming for companies

#275
post #48

Earlier quoted context omitted.

I learnt of this sort of thing only after I moved to the UK, where it's traditional for wealthy and middle-upper-class kids to take a long break between college and university - a habit that probably comes from the times of the "grand tours" of continental Europe in XVIII and XIX century. I've met people who do it on a 6-months basis - 6 months travelling, 6 months earning. They don't make much, their career is somew…

Its pretty common for ordinary middle class kids - and remember in the UK a degree is three years not the US four years (or even longer in Europe) Bit harder now post Brexit though

Between Brexit and COVID most of the typical destinations are out for a while, by the sound of it.

Almost all of the people I knew who did gap years before or after university went to either Australia or New Zealand (from the UK) following a three teaching-year degree with an extra industrial placement year - Australia in particular have (had?) a scheme where someone can live and work for a year with few restrictions provided they are under 30, and could extend that to two years if working in a rural area for some of that time.

Re: “Great resignation” wave coming for companies

#276

Earlier quoted context omitted.

It’s much less of an issue than it was a decade+ ago. Unemployed people in the US get free health coverage through Medicaid pretty much everywhere but the Deep South, albeit with a limited selection of doctors.

What does free health coverage entail? If there's free coverage, why doesn't everyone have it?

You get an insurance card that you can take to any doctor that accepts Medicaid, they'll treat you for free or for a nominal (say, $5) copay and bill the state. Mental health treatment is covered, prescription drugs are covered, the only major thing it's missing, as far as I know, is dental. But the main catch is that many doctors don't accept it, since Medicare generally reimburses at a lower rate than private insurance. Anecdotally, I was on Medicare in the rural Midwest several years ago and I think I had two choices of GP within a 25 mile radius.

Everyone doesn't have it because it's means-tested - if you make more than very roughly $1,200 a month you don't qualify. You still qualify for income-based subsidies at that point (under a totally different government program), but at higher income levels the expectation is that either you pay for your own health insurance premiums out of pocket, or your employer pays them for you. It's all very complicated, but that complexity is the price we pay so that we higher-income Americans can say that our employer is paying a "premium" and not a "tax." Evidently some of us care an awful lot about that sort of thing.

Re: “Great resignation” wave coming for companies

#277
post #79

Earlier quoted context omitted.

In Germany, gap years after school or sometimes university are pretty common (at least for the middle class). They do often work, but rarely in a field related to what they studied or want to do. Instead, it’s travel-financing jobs. It used to be that it was more a thing for women, but that probably changed since draft was abandoned (before that the gap year for men would usually have been military service or alterna…

Are you sure about middle class O_o Higher-middle and upper class more likely? Kids which need to earn their money usually go straight into apprenticeship or university and earn money promptly.

Yeah, I am sure (or at least for the time I left school around 15 years ago) I’d even include upper-lower class.

Re: “Great resignation” wave coming for companies

#278

This is about far more than WFH vs Return To Office. Many of us, after a year of lockdowns, losing family members, suffering mental and physical health issues, spending more time with our families, etc. are re-evaluating our priorities in life and deciding that our jobs are no longer the most important things in life and probably never should have been.

Higher education is my main job - we're not seeing an influx like we expected of people returning to college, but we are seeing an increase in non-traditional (24y.o.+) students.

They are, to paint with a very broad brush, folks who all worked in food service, retail, or other front-line sales industries. The forced time off last year made them realize they were killing themselves for not very much money, and they're refusing to go back to those employers.

But it's the $300 in weekly payments that is stopping people from returning to work, if you ask business owners in the area.

There is currently a wild and IMMENSE disconnect from worker attitudes to beliefs about worker attitudes, and I don't know why.

Re: “Great resignation” wave coming for companies

#279

Earlier quoted context omitted.

How is this a scalable approach to everyone in the society? Someone has to work to produce food. Someone has to work to produce electricity. Until we can automate everything, most people have to work and contribute to society (unless you choose to be self-sufficient - grow your own food, produce your own electricity etc.)

> How is this a scalable approach to everyone in the society? It is not, but let's not pretend most of us work to increase societal good. It just happens to be that our rent-seeking behavior is aligned with society's interests.

I was only giving an argument against the "antiwork mentality". This doesn't mean that I want to preserve the status-quo or I that I think the existing system is perfect. I agree that there are many issues in our society and the existing system, but I don't think "antiwork" is really the right way to go about it.

Re: “Great resignation” wave coming for companies

#280

Earlier quoted context omitted.

>I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. You hear a heck of a lot more about it on HN than happens in reality. Maybe I don't hang out with the trust fund crowd enough but I don't know ANYONE who's taken a "gap year" where they weren't doing something for ~40hr/wk in order to make a buck. I know a few people who didn't jump right into career stuff after college…

> trust fund crowd You're on a discussion board filled with software developers and tech employees generally. The vast majority of such workers make a lot of money. If you're working in tech and you can't bank enough to take 6m-1yr off, you're doing your finances wrong. It doesn't require a trust fund to avoid the hedonic treadmill and save up.

That's not true everywhere.
Post reply on HN