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“Great resignation” wave coming for companies

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281–290 of 1001 posts

Re: “Great resignation” wave coming for companies

#281

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.

[deleted]

Re: “Great resignation” wave coming for companies

#282
post #207

I can tell you all the market for devs is white hot at the moment. I mean it was never cold, but right now seems to be insane. If the work-from-home thing has given you thoughts about what you like, now is the time to go. I see very few firms insisting on onsite work though, having interviewed with quite a few over the last few weeks. Even guys that I know would rather have people in the office and would pay them ver…

Why would it be white hot right now though? I don’t think software would be particularly affected by COVID negatively or positively.

At least where I am, companies are realizing that relying on people is unreliable, so they are investing more in technology.

Re: “Great resignation” wave coming for companies

#283
post #240
post #222

Earlier quoted context omitted.

You can get travel insurance for extended trips. I'm American and I've taken multiple 6-month trips abroad (usually after quitting a job). Backpacking just isn't part of the American culture.

Regular travel insurance != health insurance. It will basically cover you getting stabilized and shipped back home but then you're on your own. (And lost travel deposits.)

Don't even bother with the travel insurance, pay for health care out of pocket in another country. Travel insurance is only needed for traveling in America for the reason you stated.

Re: “Great resignation” wave coming for companies

#284
post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

I graduated in 2020 and immediately started working full time during covid. I didn't have time to do anything once I graduated.

Quit my SE role to drive across the country with my cousin. Definitely recommend taking time off to pursue anything you want to do for yourself.

Re: “Great resignation” wave coming for companies

#285
post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

>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…

I did. I took almost a year off. It cost me about $35k in 2005 USD.

I was really burnt out. But I'm not sure that taking the time did anything for me. I was a little stressed about the "unknown" the whole time and I mostly wish I had left that money in my savings.

Your mileage may vary.

Re: “Great resignation” wave coming for companies

#286

Earlier quoted context omitted.

I guess we have different social circles, but I know many people who have done this and none of them are "trust fund crowd". Have done it myself for multiple half-year-or-so periods as well. Maybe it's more of a European thing to do. I spent 3 months as a research assistant in Australia and used savings from that period to travel in South-East Asia and South America for 6 months or so. Shortly after graduating, havin…

> Maybe it's more of a European thing to do. Yeah, for Americans it means buying health insurance which is quite a lot more expensive than what you get from your employer.

You are not getting health insurance in most European countries unless you are working or registered as unemployed and remain at disposal of the local job centre.

And the whole meme that a 65% tax rate +25% vat on most products on top of it (I am in Sweden) is somehow worth it financially because "fReE HeAlThCaRe" is laughable.

Re: “Great resignation” wave coming for companies

#287

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.

Exactly. Everyone having their own Office Space moments right now.

Re: “Great resignation” wave coming for companies

#288

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.

Yes and no. Depends on your seniority and where you live to some degree. I was pretty burnt out at 28 after a year that included things like a 110 hour work week. At the time I couldn't afford 6 months or a year off.

I did take a year off 2 years later.

Re: “Great resignation” wave coming for companies

#289
post #263

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. This number is meaningless without previous year trends. In my circles, everyone from 25-35 is simultaneously preparing to FIRE and no-one that's 35+ has actually changed jobs despite being 'financially independent'. Expressing intent to resign, and actually resigning are completely different things. (edit: to clarif…

I appreciate the alternative perspective and productive-pessimism, but anecdotally in my immediate social circle of engineers, 5 have changed jobs - all for substantial upgrades, and not 1 of them was for a job that required office presence or downgrade in quality of environment.

The last year has been so strong for online tech that there is a heavy vacuum effect on the available talent. FAANG are struggling to fill demand in hiring and are offering increasingly high salaries. This cascades to other industries. Top engineering talent at logistics companies are leaving to go work for big tech, same with banks. Recruiters are charging 22-25% for placements, and having difficulties filling them.

Not just tech, other industries as well. There was this initial moment of employment "musical chairs" when the pandemic set in and everybody who had a job was clinging to it, but we're now in a solid counter-reaction where even traditional industries are having their workforce disrupted by new opportunities. We're not even seeing the full brunt of it, with many industries running at reduced capacity (travel, hospitality, entertainment).

Generally speaking, if people are leaving jobs for new ones (or none...) it's because they calculated that it was for the better, thus, I think people will generally be happier about their state of employment in 2022 as the article states. I'll add that many people working minimum wage jobs took this opportunity to become entrepreneurs which is a really healthy step up from that situation.

Re: “Great resignation” wave coming for companies

#290

Earlier quoted context omitted.

I left my job in May and I'm hiking the Appalachian Trail now. I saved more than enough for living in a tent for 5 months (admittedly the tent was expensive but I already had it). So far it's been great. I've met a lot of folks who are burned out and taking some time to think. If long-distance hiking appeals, I'd be happy to discuss it. Long-distance hiking isn't for everyone but

I had a buddy who disappeared for 6 months after our deployment, who we eventually found out was just hiking the Appalachian trail. It ended up being very helpful for him, and it’s something I’ve considered for myself on occasion. Good luck out there.

A cousin of my was a multiple-tour forward observer for the U.S. Army in the Korean War. He spent a lot of time doing extended hiking after that.

I'm not sure if it was a result of his experience in Korea, but I get the impression he really wanted some extended alone time. I never asked because I didn't want to risk dragging him into some terrible memories.

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