581–590 of 936 posts
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In Australia it's not negotiable. Our employment laws dictate what severance payment is required if a company is letting people go to reduce costs. Those laws don't apply if the employee leaves of their own accord, or if they are fired for other reasons.
Is that in addition to or instead of unemployment insurance? That’s probably the most similar construct in the US.
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> I'm shocked that 2020 revenues will come in only 50% below 2019 This is a fair point, but it also suggests strongly that a significant minority of their business is month to month rentals, possibly in place of leasing. And hey, being frank, I wouldn't mind considering going somewhere else for a few months now that I can work remotely for a while.
I would too, but the thing holding me back is if the shit hits the fan, and I need to do something like buy a freezer to store extra food, I can't conveniently do that in an Airbnb. And if I somehow get sick, I'm at the mercy of the doctors and hospitals in this foreign land. I'd rather be in my own home with the doctors and hospital system that I'm familiar with. I think more than 50% of people feel this way, which…
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You own a factory. Your employees don't. There's a power imbalance in the employment relationship. Most people (who don't own things like factories) need a regular, predictable, stable income to survive, and finding new employment is not always easy. Therefore, people in most developed countries have agreed that by taking on an employee, it is contingent on the employer to provide some guarantee of stability. This is…
Nobody is stopping you from owning a factory. The workers are also free to leave anytime without any notice or responsibility to the employer. This is a flexible arrangement for both parties that focuses on individual freedom and responsibility. It also helps make it easy for entrepreneurs to start companies and create jobs in the US and is a direct reason why we don't see the same innovation in regulation-heavy regi…
Seriously? Should they eat cake as well?
What isn’t commonly known is that Airbnb has one of the most biased engineering hiring practices in the industry. Chinese individuals at the company regularly share interview questions through wechat groups. Preferring to hire their own. Extremely dishonest hiring culture is pervasive through engineering. Don’t believe me? Look at their engineers on LinkedIn
How is this relevant to the topic?
They are definitely doing right by their employees, which is commendable.
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In many countries, there is no concept of 'at will employment'. It is not surprising that HNers from such countries would be incredulous. Employment law in Europe, for example, frequently requires the severance terms to be determined at the time the employee is signed up. The employment agreement is a contract, and will be signed by all positions in the firm. In many cases, the severance terms are based on law. Among…
>Among other differences, for example, a German President is personally liable for the financial obligations of their company. If the company goes bankrupt, so does he. In US new enterprise have a very high failure rate, how do entrepreneurs survive in such environment?
A CEO (and other company execs) can be held personally liable only if there is fraud or other illegal acts. Mismanaging a company, or even simply working hard and not succeeding, are not illegal.
American firms can take on much more risk, so we tend to see both many more failures and many more successes.
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I first misread it as "14 months" (as usually you count in months), but it was way out of bounds.
It's really strange to me that companies in the US can just determine how much severance they're "willing" to pay. Why is it even up to them?
Severance pay is voluntary. So of course they can decide how much they want to pay.
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I first misread it as "14 months" (as usually you count in months), but it was way out of bounds.
It's really strange to me that companies in the US can just determine how much severance they're "willing" to pay. Why is it even up to them?
Earlier quoted context omitted.
In many countries, there is no concept of 'at will employment'. It is not surprising that HNers from such countries would be incredulous. Employment law in Europe, for example, frequently requires the severance terms to be determined at the time the employee is signed up. The employment agreement is a contract, and will be signed by all positions in the firm. In many cases, the severance terms are based on law. Among…
>Among other differences, for example, a German President is personally liable for the financial obligations of their company. If the company goes bankrupt, so does he. In US new enterprise have a very high failure rate, how do entrepreneurs survive in such environment?
Earlier quoted context omitted.
>Among other differences, for example, a German President is personally liable for the financial obligations of their company. If the company goes bankrupt, so does he. In US new enterprise have a very high failure rate, how do entrepreneurs survive in such environment?
Consider that perhaps new enterprises would not have as high of a failure rate.