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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#521

Post by dehrmann »

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…

Mostly for more junior people, be very careful with this. Even if companies make sure promotions happen equally for on-site and remote, you'll learn everything slower. This could be new technology, a new language, or things about the company's infrastrucutre, but it will all be slower, and don't be surprised when people who are on-site seem better at their jobs.

Re: “Great resignation” wave coming for companies

#522

Post by [deleted] »

dcolkitt wrote: post #325
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 yo…

[deleted]

Re: “Great resignation” wave coming for companies

#523

Post by throwaway894345 »

majormajor wrote: post #494
admissionsguy wrote: post #377

Earlier quoted context omitted.

I am honestly very bitter about Americans glorifying the European system while happily taking home 2/3rds of their 100k+ developer salaries and enjoying much lower prices of everything. With regards to insurance: - in some countries (UK, Sweden) - the insurance is contingent on having a social security number, so the coverage is pretty much universal for residents, but people coming from other EU countries will still…

> I am honestly very bitter about Americans glorifying the European system while happily taking home 2/3rds of their 100k+ developer salaries and enjoying much lower prices of everything. Why do you believe those salaries are the result of the American healthcare system? Per-capita, Americans pay more than anyone for healthcare, just in a very unbalanced way that dramatically favors those with a job over those withou…

> Why do you believe those salaries are the result of the American healthcare system? Per-capita, Americans pay more than anyone for healthcare, just in a very unbalanced way that dramatically favors those with a job over those without.

It doesn't really matter whether or not the salary difference is caused by healthcare or indeed that Americans pay more for healthcare. The only thing that matters is the post-healthcare take-home pay; if that figure is larger in American than Sweden for a given individual, then that individual is economically better off in America pretty much tautologically.

Re: “Great resignation” wave coming for companies

#524

Post by leesec »

paulcole wrote: post #216
mrfusion wrote: post #199

Earlier quoted context omitted.

What did you end up doing after the 3 years? Why did you end it?

Got a job. Had 6 months of expenses left in the bank and didn’t want to risk dipping into stocks. I wasn’t wealthy in the HN sense though. This was 2010-2013 and my rent for a tiny studio apartment was $550 a month. Other major expenses were just internet (50 a month), groceries (few hundred a month), gym (35 a month) and electricity (20 a month). No cell phone. No car. For the 5 years leading up to that I was workin…

This is crazy impressive to me man, props. No phone/no car is rebellious in this day and age.

Re: “Great resignation” wave coming for companies

#525

Post by voisin »

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.

I don’t think any country with single payer national health care covers travel insurance, so this would not put Americans in any different situation than others who are travelling for that gap year, which seems to be the topic here.

Re: “Great resignation” wave coming for companies

#526

Post by compiler-guy »

baccheion wrote: post #514
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 wonder if they really think the powers that be will allow them to retire early. Most will be working until 75+, unless the socialism/automation conspiracy theory comes to fruition.

People hit financial independence and retire early all the time. It's quite routine.

It is definitely hard for food service workers, and what not, but the powers that be really don't have much say.

Re: “Great resignation” wave coming for companies

#527

Post by superfrank »

I'll believe it when I see it. There's a massive difference between thinking about quitting and actually quitting.

People don't like change and there's tons of it happening right now as we transition out of our COVID lifestyles. People are upset, but, I think it's much more likely that people will just moan about it for a while before eventually accepting it rather than actually taking action.

Re: “Great resignation” wave coming for companies

#528

Post by aurelianito »

Volrath89 wrote: post #512
rubicon33 wrote: post #481

Earlier quoted context omitted.

It is worth noting that software salaries are artificially inflated HEAVILY due to a general unwillingness or lack of interest in hiring overseas developers. The second this changes, the bottom drops out of software. I don't know if it will ever happen that big companies begin openly accepting overseas applicants but if/when it does, you can expect that it wont be for 100k. Suddenly when you consider the entire plane…

I'm located in Colombia, and all my developers friends/acquaintances that speak English are already working for US companies. Some of them earning 100k+, but most of them earning about 50-70k. I'd say there is not a general unwillingness to hire overseas developers, on the contrary, if more people could speak english in south america US companies would be more than happy to hire even more here. There is a shortage in…

I could get a 60k USD a year remote thing but I would be out of the system (I mean, now I am an Argentinian employee with all the rights it entails). For 60k, it is not worth it. For 100k it would be worth to solve all the issues associated with getting money from abroad (maybe make a corporation somewhere?). Anyway, I am listening to 100k+ offers.

Re: “Great resignation” wave coming for companies

#529

Post by bagels »

vmception wrote: post #495
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…

Levels says E-7’s at Facebook get a nearly $1,000,000 compensation package A) Is this annual? As in their unvested RSUs are nearly 4x this amount B) This is not accounting for stock price appreciation? or do I have it entirely wrong. Two years ago on Blind I could tell people were discussing their compensation packages in wildly differing ways. It was impossible to tell if people were discussing if they signed an off…

Yes, annually. Not counting appreciation.

It's pretty rare to see an e7 offer though.

Re: “Great resignation” wave coming for companies

#530

Post by ragnarok451 »

ghaff wrote: post #423
jjcon wrote: post #350

Earlier quoted context omitted.

How about the entirety of the US medicaid program? If you literally have no income you get free healthcare, even if you have limited income you may qualify for Medicaid or a heavily discounted marketplace plan. https://en.m.wikipedia.org/wiki/Medicaid

Though I suspect it's a lot more complicated than calling them up, telling them you've decided to take a gap year, and asking for your insurance card. It also wouldn't surprise me, never having looked into it, if the coverage is US only.

There's an online form where you upload your info, they verify your income level (duration does not matter), and that's it (at least in NY). I don't think any government healthcare programs cover care outside that government's country, do they? I suppose the EU ones cover care in other EU countries but that's the only case I can think of.
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