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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#611

Post by foobiekr »

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 think this is true.

What I’ve noticed about the fire people is that they have very unrealistic budgets (static based on what they spend at age 30 often forgetting to include things like healthcare and other forms of insurance, as well as changes in lifestyle). Once you’re in your 40s, and you’re at the peak of your earnings, it’s actually really hard to walk away even if you’ve hit your target. I do know quite a few people first hand who have quit but only in there very late 40s or who made north of $10 million at one point or another.

Re: “Great resignation” wave coming for companies

#613

Post by nomy99 »

I am going to resign today. I was hired as UI developer during the pandemic, and my employer was kind enough to not let me go when the project ended during the pandemic. Now I'm moving to chicago from nyc to do UI work.

The pandemic has been hard because I never enjoyed the work I was doing, but I grinded through it considering it was hard to find a job.

Re: “Great resignation” wave coming for companies

#614

Post by asdff »

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…

It depends on your field. I know people whose industries have been on a hiring freeze since last march, and have been applying for almost a year and a half now to the few openings that do appear during this span. Must be a nice time to be a software engineer, though.

Re: “Great resignation” wave coming for companies

#615

Post by nomy99 »

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…

Yes, I found a job in chicago while interviewing from nyc. It's a great time to find a new job.

Re: “Great resignation” wave coming for companies

#616

Post by mattgreenrocks »

pbourke wrote: post #461
mattgreenrocks wrote: post #411

Earlier quoted context omitted.

FYI, frame this as freelance consulting when you apply for your next job. You can talk about wanting something new and striking out on your own for a bit. IMO what you find out is a year is a long time without work from a time perspective. Hope you enjoy your year off!

Just chiming in that I absolutely detest this way of thinking. This isn’t a dig at you personally, but against the idea of living or presenting your life as some series of neatly explainable resume bullet points. I have been susceptible to it myself to a greater or lesser degree throughout my career.

100%.

My "independent consulting" time was a mask for burnout. I certainly did consult independently, right down to paying too much for health insurance. My time off was extremely valuable and made me realize I needed to rest and reinvent myself. Plus, as I get older I realize I can use the b-word at certain stages of interviewing as a way to filter out toxic people and institutions.

But yeah, it's all a big game. Nobody is owed a tidy explanation of this.

Re: “Great resignation” wave coming for companies

#617

Post by foobiekr »

reverse_list wrote: post #443
mandelbrotwurst wrote: post #412

Earlier quoted context omitted.

Out of curiosity, where are you located?

East Asia. If you are looking to fill a position coming with a decent pay, I'm all ears :)

Just to be clear, there’s a big difference between China and the rest of east Asia in terms of hiring. So it might be good to edit that and differentiate.

Re: “Great resignation” wave coming for companies

#618

Post by cleansingfire »

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…

I personally frame any cancelled perq as an effective pay cut. Usually portrayed by management as somehow expected, & as if unearned in the first place, which I find galling. I also had an experienced coworker who pointed out that when the water cooler went away, the company was circling the drain, which my limited experience has borne out.

Re: “Great resignation” wave coming for companies

#619

Post by ajkjk »

jc_811 wrote: post #582

I feel like I keep seeing articles on this topic, but nobody is addressing the (obvious) elephant in the room: If there is a great resignation, and people are quitting jobs they are not happy with - how are they going to pay their bills and way through life? Am I missing something? It seems these articles all talk about workers realizing they are underpaid, overworked, and after a year don't want to go back to the sa…

> Am I missing something?

If you're making tech salaries and not spending all of it, you can easily save enough to not work for a decade in just a few years of work. Anecdotally I worked for three years at a big company and then didn't work for three years until those savings ran out, and that wasn't really even trying.

Of course the calculus changes if you're married or have kids. But living in America in a cheap town is not expensive compared to income in this field. You can live comfortably on 40k a year (lots of Americans do!). And a 200k+ income like you see in major tech hubs can easily translate to 100k+ of savings a year.

Re: “Great resignation” wave coming for companies

#620

Post by foobiekr »

majormajor wrote: post #538
Volrath89 wrote: post #512

Earlier quoted context omitted.

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…

South America is an interesting one for a lot of US companies because the timezones line up much better with US-local folks than in any other continents. There are still other substantial collaboration challenges, but if more places move to be truly remote-first, those places will necessarily have solutions for that anyway.

Agreed the time zones are killer.

If I start another company I’d really like to hire a competent offshore team in south or Central America but I have a lot of trouble getting there from here. If I wanted to hire a team in Israel, Pakistan or India, I could do it immediately, because I have trusted friends who can hook me up with people that they themselves trust plus or minus some skeeviness that I know how to manage. For south-of-us I have no connections and basically no way to start.

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