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“Great resignation” wave coming for companies

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431–440 of 1001 posts

Re: “Great resignation” wave coming for companies

#431

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.

definitely the case in Germany. If you're unemployment and not looking for a job or exempt from it(sickness, poverty, ...), you're going to need to pay on your own.

Re: “Great resignation” wave coming for companies

#432

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…

I know quite a few people from various background (finance, multinational corporations, non-profits) doing things like these. Depends on employer. In hindsight always regarded as one of the best decisions of their lives (along with reducing workload to 80%, usually 4 days/week). We all know that once old, the amount of money earned/saved will mean absolutely nothing in terms of happiness/achievement. Work achievement…

> We all know that once old, the amount of money earned/saved will mean absolutely nothing in terms of happiness/achievement.

I dont think this is true at all. Money in retirement means the difference between mostly maintaining your standard of living after work an “choosing between medicine and food each week”. I think a lot of people saving up and then spending all their savings to party every 5 years are in for a shock when they are 60 and their joints are sore and their knees don’t work and they can no longer make a salary.

Re: “Great resignation” wave coming for companies

#434

Earlier quoted context omitted.

I've done this twice: the first time back in 2007 when I got made redundant and decided to use the time and money to study and indulge in my dream of writing a book; more recently (which is still ongoing) to recover from burnout and rediscover the joy of coding. I do not consider this time to be "gap year", but rather an investment in, and a reward for, myself. Why do I need such luxuries? Because time is short and n…

Any tips on rediscovering the joy of coding?

Make the work fun, and the result something that gives you (quiet) pride: https://codepen.io/kaliedarik/pen/ExyZKbY

Re: “Great resignation” wave coming for companies

#435

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

I guess he/she doesn’t want to write glue code, but solve actual problems in code.

Re: “Great resignation” wave coming for companies

#436

> 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?

This is the real question. How many people are never actually considering leaving their job if another better opportunity comes along? The journalists asked a loaded question to exaggerate the idea that employees are ready to quit in droves because they don’t want to go back to the office or something. In reality many people are always looking for the next step in their career. There was a similarly hyperbolic headli…

The next step is to ask yourself -why- journalists are asking loaded questions and pushing certain narratives. I don't believe it's coincidence, or just that they're just not very good at their jobs. There's economic, political, and social power to be gained for them and their ideology if they push these narratives.

Re: “Great resignation” wave coming for companies

#437
post #294

Earlier quoted context omitted.

Heck, I’m a poor grad student who gets a stipend from my program and is lucky enough to have parents willing and able to pay my rent. My total income including that family support is probably around $40k and I saved a ton of money this past year since I couldn’t do anything. I can only imagine how much someone in my situation with a FAANG income would have saved.

Obviously if your parents are paying your largest expense, you can save a ton of money. I would assume most people aren't that fortunate.

My point is even with that money my income isn’t that high compared to software engineers.

Re: “Great resignation” wave coming for companies

#438
post #385

I've interviewed a lot of devs in the midwest (Columbus, OH) the past few months and everybody, even new college grads, expect $120k+ salaries. Mind blowing to me as I know devs who've been around ~10 years in the midwest who are only approaching those numbers.

3rd-tier (considered nationally, not regionally) city in the Midwest checking in, here. For one thing, starting salaries around here were already pushing that for mid-level and better devs before the pandemic. There are definitely small, crappy shops in tech stacks that tend to pay worse (ahem, PHP) shooting well under that, but starting salaries for new grads at places that actually both have and make money (mostly bigger companies or hotshot startups) were creeping to around 6-figures even before the pandemic. Anyone offering much lower than that was already bidding on the bottom-of-the-barrel, especially if their benefits suck (bad benefits and low pay tend to go hand-in-hand, so...). Local firms have been bidding up local talent fast since, oh, 2012 I'd say, as there were more seats to be filled than there were good local developers.

Remote work has definitely been a factor. A half-decent experienced developer can easily land jobs that outbid the local market, and I'm not even talking major West Coast places with interview processes resembling torture. A lot of local devs have been slow to realize just how much money they're leaving on the table without even needing to move or practice leetcode for six months and submit to multiple day-long grueling interviews, but I have to assume that's changing fast with the pandemic pushing remote work into the zeitgeist. I'd imagine local firms are seeing some serious remote competition for their best developers, and losing a lot of them. That's going to mean rising salaries, or that their dev teams get somewhat worse.

Basically I think the only thing keeping salaries as low as they were was that a high percentage of local developers weren't looking for new opportunities often enough, local or remote. Now that everyone's been prompted to pop their heads up and take a look around, it'd be very surprising to me if salaries didn't shoot way up. There's been a plain market mis-match locally, to begin with, suppressed only by not enough developers realizing how much more they could make by switching jobs, and add remote work competition to that, and there's going to be a lot of upward pressure on salaries.

Re: “Great resignation” wave coming for companies

#439
post #185

Earlier quoted context omitted.

Capital assets went up a surprising amount during the pandemic. My stock portfolio and my house are worth a lot more than they were 2 years ago. I feel a temptation to use that money. I also have a nagging feeling that it’s somewhat artificial (the govt pumped a ton of money during the pandemic) so I should cash out before it falls.

Stocks, sure. But don't sell your house (if you only have one).

You don’t have to sell your house to feel richer.

Re: “Great resignation” wave coming for companies

#440

Nobody is mentioning people leaving jobs because they DONT want remote. I do know of people frustrated that their company is closing its swanky office they enjoyed working at to be 100% remote.

Agreed. Ideally I’d want flexibility to decide when to WFH and then still have a nice office to come into when I feel social, or need to collaborate.
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