How much does employee turnover really cost? • Hacker News Board

Re: How much does employee turnover really cost?

#351

Post by obstinate » Tue, Jan 24, 2017, 2:59 AM UTC

falsedan wrote: post #348

obstinate wrote: post #340

Earlier quoted context omitted.

Retirement is when you stop working. Financial independence is when you stop having to. They are different.

1. That's not the common meaning of 'financial independence' no matter how much you repeat it, it's really closely-associated with the coming-of-age rite when you no longer rely on financial support to survive 2. I can't imagine being independently wealthy & keeping my day job but I suppose it's conceivable!

1. How do you explain that your view is being downvoted, and mine, upvoted? This is the common understanding in the circles I run in. I think you may be the one whose definitions need an update.

2. For example, all employees at the VP and up level at Google, Facebook, etc., make more than a million dollars are year. It doesn't take long at this level of compensation to have more wealth than any reasonable person could spend. Yet they still work, normally not to satisfy an unmet financial need.

Re: How much does employee turnover really cost?

#352

Post by azemetre » Tue, Jan 24, 2017, 5:43 PM UTC

camelNotation wrote: post #278

CPLX wrote: post #98

Earlier quoted context omitted.

> I know many people who feel pigeon-holed or trapped simply because they are unaware of how insanely easy it is to drop what you're doing, go to school, and get hired elsewhere. There's quite a few people that you don't know then. The median personal income in the US is $30,240 for all workers over age 15 with income. That means half of all working people in the US have less than $30k a year in income. What percenta…

I made about 22,000 a year when I quit my full time job in retail, went back to school, and now I make far more. It's hard being poor, but much of the struggle is brought on by a lack of awareness. I know this because a huge portion of my sample were people that worked alongside me. There is a lot out there to help people get from the bottom up, they just have to look for it in the right places. With an income as low…

How were you able to pay for your education, housing, utilities, food, health insurance, and other necessities when you quit your job to go to school? The way welfare works in most states is that you need to work a set amount of hours before getting any assistance.

There is very few "no-strings attached free government money" for people living below poverty.

Re: How much does employee turnover really cost?

#353

Post by limeyx » Thu, Jan 26, 2017, 12:05 AM UTC

stephen_g wrote: post #282

_yosefk wrote: post #75

Earlier quoted context omitted.

I'm guessing few would book a management consultant simply telling to pay people more money - consultants who want a job instead have to explain how to motivate for free. But the people who share a lot of the blame for this idiocy and who have no good excuse are "heterodox economists" and TED talk presenters telling us how money doesn't motivate people past a certain point, or how it actually makes people less creati…

There's a fairly clear misunderstanding here. I think it's absolutely true to say that money doesn't motivate people. For most people, giving them raises won't make them work harder, stay longer, be more creative, etc. - at least, not long term. And if there are problems making them unhappy, throwing money at them isn't going to help much long term either. But if you're underpaying people or not giving raises, people…

This has I think been known for a long time and can be seen @ the bottom of Maslows hierarchy of need