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Who Is Driving the Great Resignation?

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Re: Who Is Driving the Great Resignation?

#51

Post by Spooky23 »

canadianwriter wrote: post #34
mcguire wrote: post #28

Step one: figure out who is leaving. Step two: "Ask yourself which factors could be driving higher resignation rates?" Step three: Fix it. And somebody said the Harvard Business Review was worthless.

A lot of management consulting is exactly that - the answer is simple when you look at it this way, but they need to back it up. That's why they quantify it and don't just say "fix it". They studies thousands of companies to come up with the above - you could make it up on the spot but that study gives them way more credence. It's like when science is done on something we consider obvious - it's still valuable to hav…

“Study” is a big word. Typically it’s gather facts to provide the answer you are being paid to provide.

Re: Who Is Driving the Great Resignation?

#52

Post by RIMR »

Leaders are driving the Great Resignation.

My wife's employer not only expected people to return to the office 100%, but they moved their headquarters outside of the city center to a cheap property near an airport since WFH began.

Then they announced a couple weeks ago that there was mandatory return-to-office orders for mid-October, and I overheard on the Zoom call from one of their execs "I really should be seeing more smiles over this news".

In the past month they have lost half of their workforce.

It's absolutely bonkers that some employers don't realize that they have to respect and accomodate their employees. The pandemic is teaching the most heartless of leaders an important lesson on the reciprocal nature of humanity right now.

Re: Who Is Driving the Great Resignation?

#54

Post by rhacker »

user-the-name wrote: post #35
rcpt wrote: post #23

People are getting fuck you cash from stocks, housing, crypto. What's the point in working for a few thousand dollars every other week when your portfolio swings double that every day.

People, on average, lose money trading crypto. This is just a simple mathematical property of the crypto market. On paper , it looks like a lot of people made a lot of money. But in actual money, on average, you will lose.

It isn't about averages of a single person. If we're talking about 500 people (for example), if 220 win big on Crypto, that's 220 people with "f*ck you" money. Even if the other 280 lose money and the average is "loss" that doesn't stop the others from leaving a job.

Re: Who Is Driving the Great Resignation?

#55

Post by aaomidi »

neltnerb wrote: post #47
Guest42 wrote: post #21

Earlier quoted context omitted.

Anecdotally, I've seen 4 people leave for career advancement versus 1 that left due to wanting to be in the office.

Feeling disconnected from the team because you're all remote doesn't necessarily mean you want to be in the office. I think it's more like... you aren't as loyal to the team and company and so make career moves for personal or professional reasons that you might have delayed otherwise.

Heh this is actually a pretty good thing.

Re: Who Is Driving the Great Resignation?

#56

Post by vkou »

imglorp wrote: post #24
willvarfar wrote: post #8

My own personal data point is that, with COVID, some tech companies are embracing remote work and suddenly I can enter a much wider and higher paid job market without having to relocate. Companies that aim to get butts back in the office are going to have a huge brain drain.

One slight variation on remote: last year we learned which companies are loyal to, and value, employees. Plenty of companies released people preemptively, simply to make a couple of quarters look good. If the relationship is going to be that minimally frangible, people will hesitate to relocate to a company town at great impact to their family, only to repeat every time a shadow crosses some book. Remote people can h…

> If the relationship is going to be that minimally frangible, people will hesitate to relocate to a company town at great impact to their family, only to repeat every time a shadow crosses some book.

Most tech jobs are not in single-company towns, they are in tech hubs, which have a large number of alternative employers.

Re: Who Is Driving the Great Resignation?

#57

Post by user-the-name »

rhacker wrote: post #54
user-the-name wrote: post #35

Earlier quoted context omitted.

People, on average, lose money trading crypto. This is just a simple mathematical property of the crypto market. On paper , it looks like a lot of people made a lot of money. But in actual money, on average, you will lose.

It isn't about averages of a single person. If we're talking about 500 people (for example), if 220 win big on Crypto, that's 220 people with "f*ck you" money. Even if the other 280 lose money and the average is "loss" that doesn't stop the others from leaving a job.

You don't get 220 people with fuck you money and 280 that lose. You can only lose 100%, so you will need many, many more people to lose money for even a single fuck-you-money person.

You are much more likely to get one person with fuck you money and 499 losing most of their money.

And when you sum up all their money before and after, they will have less money after.

Re: Who Is Driving the Great Resignation?

#58

Post by sbarre »

ryandrake wrote: post #43
sbarre wrote: post #27

The focus in the article on mid-career people was interesting. I wonder how many of those people are (finally?) realizing that hoping for advancement in the same company is the slow path for most people, and that taking your skills and experience somewhere else in a hot market is - all other things being equal - often a better option for your own career growth. All things are not equal of course, so I'm sure it's mor…

I guess it depends on how you define "mid-career". If you assume people generally work from, say, 20 years old to 70 years old, mid-career would be about 45. As a 45-year old in tech, I can emphatically say, the days of switching jobs for a 10+% comp bump are long, long in my past. I remember my first job change was from $45K to $60k, an incredible +33%, but each subsequent hop has been significantly less, until my m…

I meant "mid-career" as defined in the article. I thought that would be obvious, my apologies.

They defined it as 30-45.

Re: Who Is Driving the Great Resignation?

#59

Post by tombert »

alexchamberlain wrote: post #38
willvarfar wrote: post #29

Earlier quoted context omitted.

Standard advice is to be falsely positive in exit interviews. The internet is awash with guides to not burning bridges etc.

I want honest feedback from the exit interview- it's the only way we can improve as a team you leaving, and the way you performed and conducted yourself while working on the team has a far higher weighting for me than what you say to HR on the way out.

Heh, the last exit interview I had, when asked why I'm leaving, I said "I just don't feel like the job was a good fit, after being here two years, I never really 'clicked' with anything", which I thought was diplomatic (and honest) enough.

The manager I was talking to decided instead to try and psychoanalyze me, and said "well maybe you never gave it a chance to see how great this job was, and maybe this is something psychological you need to deal with", which really annoyed me, and basically led to me screaming at him two five minutes straight laying out every complaint and frustration I had in the two years I had been there, and personally saying that his management and exit interview ability was utterly incompetent (which was true, his inability to manage was part of the reason I was leaving). Consider that bridge thoroughly burned, I suppose.

Point is, I learned two lessons from that experience: 1) I probably shouldn't yell at people like that, it's not a great look for me, and 2) lie your ass off during the exit interview. A lot of managers are not interested in improving conditions, they're interested in masturbating to the idea of how good of a manager they are, and will not handle criticism terribly well.

Re: Who Is Driving the Great Resignation?

#60

Post by user-the-name »

anon9001 wrote: post #40
user-the-name wrote: post #35

Earlier quoted context omitted.

People, on average, lose money trading crypto. This is just a simple mathematical property of the crypto market. On paper , it looks like a lot of people made a lot of money. But in actual money, on average, you will lose.

You've got it exactly backwards, just look at the market cap change over time: https://coinmarketcap.com/charts/ In a bull market, anyone can make money with just about any bet.

The "market cap" is fiction. It doesn't exist. It's a nonsensical number.

What is real is actual money going into and out of markets. And there, on average, people will lose money because no more money is going out than is coming in, and the markets and miners will take their cut as well.

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