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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#321

Post by jdmichal »

pc86 wrote: post #203
throwaway0a5e wrote: post #111

Earlier quoted context omitted.

People tend to flip flop between the classical "wealthy people but not born into centuries old familial wealth on the top end and successful doctors, lawyers and financial professionals on the bottom end" definition and the "blue collar workers plus or minus a little" definition based on whichever is more convenient for the point they are trying to make that minute. Basically the GP is using the former definition and…

Most HN readers would be more than a little flummoxed at what "middle class" actually is in the US. The median household income is somewhere between $50-60k depending on where you look. The median individual income is a solid $15-20k less than that. And yet people will still nearly break their own spine trying to convolute a $200k cash comp tech worker as "middle class" because they happen to pay $4k/mo for a shared…

Well that depends on whether you're defining middle class as an income or a lifestyle. If the latter, I would certainly not consider any shared living arrangements as "middle class" in the US. Even if your income band puts you in the top 1%. Now, it's quite possible that they're choosing a lesser lifestyle now in order to save and transition to another lifestyle elsewhere. That's what my brother did -- two years in SV saving as much as possible, then moved back to Seattle and bought a house.

This is why any of these definitions get really murky, fast.

Re: “Great resignation” wave coming for companies

#322

Post by treis »

throwaway894345 wrote: post #186
samvher wrote: post #134

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.

Most gap years happen in the early 20s where most Americans can be on their parents coverage. Even if they're not, it's pretty cheap with subsidies for a young healthy person to buy insurance on the marketplace. Possibly even free depending on income.

Re: “Great resignation” wave coming for companies

#323

Post by lotsofpulp »

elevenoh wrote: post #101
EMM_386 wrote: post #94

Earlier quoted context omitted.

> Vast majority of humans seem love the benefits of high population density more than they dislike the costs, remote work or not. Over these 8 years I've lived everywhere from NYC to small town America and other countries in AirBnbs. They each have their benefits, they are just different. If you have a family, small towns can be amazing. Good school districts, tight-nit communities, great charitable events to partici…

Agree. More people should try out different living contexts to find which tradeoff matrix works best for them. I'm now in Vancouver BC, quite a high population density, yet I find it's super easy to remain healthy & happy (air quality, access to nature, safety etc.).

Vancouver BC is quite an outlier in those qualities, which is reflected in its land prices.

Re: “Great resignation” wave coming for companies

#324

Post by admissionsguy »

mrunkel wrote: post #313
admissionsguy wrote: post #286

Earlier quoted context omitted.

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.

How do you figure you have a 65% tax rate in Sweden? Are you including social security contributions?

I certainly am.

Re: “Great resignation” wave coming for companies

#325

Post by dcolkitt »

screye wrote: 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…

> Expressing intent to resign, and actually resigning are completely different things.

You have to ask yourself, why this is the case. And the simple answer is status quo bias. Many dream of a different life, but few will actually pull the trigger on a major change.

However if a company suddenly changes an established working relationship, then all bets are off the table. If people have gotten used to WFH, and now you make them come into the office, then you’re invalidating the status quo bias. Switching jobs is probably less disruptive to their status quo then going back to the office.

Corporate managers are forgetting a very maxim. Never piss off your employees by taking away something they feel entitled to. It’s the same reason that it’s virtually unheard of to cut salary, even when revenue is collapsing in a deflationary recession.

Re: “Great resignation” wave coming for companies

#326

Post by creamynebula »

gota wrote: post #164
samvher wrote: post #134

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…

The exchange rate is what makes it possible. Any $1000USD goes a long way in many places. If you save $24.000USD you can live like an itinerant mid-to-upper-middle-class for a full year in most or all of Latin America, for example.

Here in Brazil minimum wage is currently in USD a bit less than $200/month. In my city, which is one of the biggest, you can live confortably with $400/month in my lifestyle, which admitedly is quite frugal. $2k month is quite high-class imo.

Re: “Great resignation” wave coming for companies

#327

Post by CoastalCoder »

lotsofpulp wrote: post #151
trentnix wrote: post #136

> "I don't envy the challenge that human resources faces right now," says Anthony Klotz, an associate professor of management at Texas A&M University. Maybe part of the problem is sitting right there in plain sight. Looking back, virtually every work frustration that led me to start looking elsewhere was nothing that HR could (or should) fix. In my experience, the degree of HR's influence over company culture, hiring…

HR is mostly there to cross t and dot i in case company runs into legal issues.

In my experience it really depends on the company.

In one company for which I've worked, the HR department had a surprising amount of power regarding software developers' salaries and (for hiring) qualifications. It was almost impossible for hiring managers to override those policies.

Perhaps HR was merely implementing the policies chosen by executive leadership; i.e. perhaps they were just the messenger. But either way, HR was an additional level of bureaucracy that collectively hamstrung the company's ability to hire and retain top talent. IIUC this is really coming back to hurt them now.

Re: “Great resignation” wave coming for companies

#328

Post by pmlnr »

screye wrote: 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…

A vast amount of my colleagues left in spring last year, well before any redundancies were even on the table. All in their 30s, most 35+.

Re: “Great resignation” wave coming for companies

#329

Post by joecot »

quaffapint wrote: post #174
lordnacho wrote: post #52

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…

Im not seeing a lot of remote/hybrid offers in the midatlantic area (from my little checking around my area). It's a lot more "we're remote right now and haven't determined our remote strategy" which like my current place generally means we'll expect you back, but might be a little more lenient on why you need to do a special WFH day. I've done both full remote and full open office. I think being close enough to go i…

That's why people are looking for a new job that will specifically let them work remote. Like anything else, it's easier to get the change you want from a new company than your current one, and you work that out as part of the interview and offer. With the jobs in such demand, companies that wouldn't normally hire remote people will.

Re: “Great resignation” wave coming for companies

#330

Post by refurb »

tellmelies wrote: post #283
ghaff wrote: post #240

Earlier quoted context omitted.

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.

No. A two week stay at a private hospital in SE Asia could set you back more than the deductible and co-insurance in the US.

And trust me, you want a private hospital in some of those countries. Even the locals wouldn’t go to a public hospital if they had a choice.

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