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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#391

Post by thatfrenchguy »

tgtweak wrote: post #289
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…

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…

> FAANG are struggling to fill demand in hiring and are offering increasingly high salaries

This has been the case, according to my colleagues who are older, since at least 2003 ;-)

Re: “Great resignation” wave coming for companies

#392

Post by MattGaiser »

dcolkitt wrote: post #165
ciisforsuckas wrote: post #143

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.

Especially more senior developers.

Re: “Great resignation” wave coming for companies

#393

Post by putnambr »

hooande wrote: post #70

What I don't understand is that everyone still has roughly the same expenses as they did before. The basic economics of rent, groceries, child care, car payments, etc have not changed. I'd think people might move from one industry to another. But how can a wave of people afford to quit? I guess people are living off of their savings, but that seems like a temporary solution. At the least I'd expect to see a similar w…

I'm curious about this as well. In my market we've seen rent and child care costs go up roughly 40% in the past year. But, it may well be the people leaving higher COL areas driving up the prices here.

Re: “Great resignation” wave coming for companies

#394

Post by handrous »

EMM_386 wrote: post #94
elevenoh wrote: post #47

Earlier quoted context omitted.

>In the long-term, this might get people out of packed cities and horrific commutes and help become a rebirth of small-town America (or small-town Chile and everywhere else). Perhaps. I think the shift will be to more healthy-livable cities, whether thats big or small. Vast majority of humans seem love the benefits of high population density more than they dislike the costs, remote work or not.

> 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…

> If you have a family, small towns can be amazing. Good school districts

Your definition of "small town" must be different than mine, or small towns in your area are a hell of a lot nicer than ours. Or maybe you mean suburban/exurban towns? Those are the only "small towns" with good public schools, around here. Cities (as in, actually in the city proper)? Bad schools. Rural small towns? Bad schools. Smallish cities? Bad schools. There's a belt of good schools in (some of!) the suburban and exurban towns around the major cities, and that's it. Few or none of those towns have the other characteristics you mention, because they're basically bedroom communities for the city they're attached to, with some lame chain retail and fast-food and you go to the city for anything that's actually worth doing.

Re: “Great resignation” wave coming for companies

#395

Post by ChuckNorris89 »

himinlomax wrote: post #374
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.

> 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. Not the case in France (at least for the past 20 years), and I doubt it's the case in most other European countries.

>Not the case in France (at least for the past 20 years), and I doubt it's the case in most other European countries.

Nope, your parent is right, in Austria you also don't get healthcare if you don't work or are looking for work via your local job center.

Maybe France is an exception due to having stronger social system that heavily favors the workers (insert memes about strikes) while in Austria the system is very rigid, designed to favor businesses and the government rather than the workers and to discourage abuse.

Re: “Great resignation” wave coming for companies

#396

Post by [deleted] »

Loughla wrote: post #278
DebtDeflation wrote: post #215

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…

[deleted]

Re: “Great resignation” wave coming for companies

#397

Post by the_gastropod »

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…

> 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'.

I think your circles are rather unusual, if this is true. A $900k net worth is in the 99th percentile for 30-34 year olds and 95th percentile for 35-40 year olds in the US (https://dqydj.com/net-worth-by-age-calculator-united-states/)

Even among my anecdotal very-highly-compensated NYC tech-salary coworkers and friends, having money issues and easily sub $100k net worths is way more common than not.

Re: “Great resignation” wave coming for companies

#398

Post by himinlomax »

ChuckNorris89 wrote: post #395
himinlomax wrote: post #374

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. Not the case in France (at least for the past 20 years), and I doubt it's the case in most other European countries.

>Not the case in France (at least for the past 20 years), and I doubt it's the case in most other European countries. Nope, your parent is right, in Austria you also don't get healthcare if you don't work or are looking for work via your local job center. Maybe France is an exception due to having stronger social system that heavily favors the workers (insert memes about strikes) while in Austria the system is very r…

I'm pretty sure that's not the case in the UK either, given how it's financed.

Re: “Great resignation” wave coming for companies

#399

Post by austincheney »

adaml_623 wrote: post #225
austincheney wrote: post #158

Earlier quoted context omitted.

By tools I don’t mean your OS or IDE. I mean those things so you don’t have to write code beyond a couple of figurations or text content.

Can you give examples. I'm not clear on what you mean

* State management in the browser. This is stupid easy. I even wrote about exactly how to do this: https://github.com/prettydiff/wisdom/blob/master/state_manag...

* Just about anything to do with the DOM. Its a standard tree model. You learn it and get comfortable with it and suddenly all that browser tooling you cannot live without becomes immediately unnecessary. Hiding from this, making a bunch of excuses, and complaining about how hard life isn't appealing.

* The file system is also a tree model. If you have an abstraction layer that normalizes file system access cross OS all you really need is a basic comfort of data structures.

* Tools that provide session management are there because planning for real time parallel distribution is challenging. This is yet another one of those that once you go through it a few times you just know how to do it.

Re: “Great resignation” wave coming for companies

#400

Post by reverse_list »

tgtweak wrote: post #289
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…

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…

These comments about how the market is on fire for developers always make me sad. Not your fault, but outside the US (and maybe western/northern Europe) you get lowballed hard, even with years of experience. And the supposedly lower CoL doesn't make up for it, at all, not even remotely. I'm not even talking about getting crazy bay area compensations, I'm talking about hoping something better than a $25k-$45k range for experienced engineers.
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