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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#621

Post by reducesuffering »

rrrrrrrrrrrryan wrote: post #571
FartyMcFarter wrote: post #542

Earlier quoted context omitted.

Work-life balance isn't bad at FAANG (not generally speaking at least).

Broad generalization: I've seen friends burn out due to overwork at Amazon and Netflix, but it seems less common at Facebook, Apple, and Google. Would be interesting to see actual data.

https://www.teamblind.com/company and if you use the app there's a separate data based on survey questions called Pulse, which mostly aligns with these Reviews.

WLB goes: Google >> Netflix > Apple > Facebook >> Amazon

Re: “Great resignation” wave coming for companies

#622

Post by JTbane »

rubicon33 wrote: post #481
aurelianito wrote: post #425

Earlier quoted context omitted.

Not the original commenter, but this is the situation in Argentina. I would love to do a remote gig and get 100k a year. I am a programmer with over 20 years of experience and I can program professionally in over 10 different programming languages.

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…

Will it happen though? Hiring someone from a foreign country is easy for a temporary contract, but in industry we need to "own the code" and continue to maintain it.

Ultimately outsourcing has issues with accountability.

Re: “Great resignation” wave coming for companies

#623

Post by ajkjk »

lotsofpulp wrote: post #314
kasey_junk wrote: post #265

Earlier quoted context omitted.

Having worked in everything from backend systems for sleepy banks to hedge funds to the hottest pre-IPO valley darlings, anecdotally you are dead wrong. If there is any correlation at all it’s that the venture backed startups have a lower than average skill level.

It is amazing that these lower than average skill level people make companies that earn the highest profits, and have the highest wages.

What's amazing about it? Perhaps they are trying a lot harder.

Re: “Great resignation” wave coming for companies

#624

Post by foobiekr »

azinman2 wrote: post #593
davedx wrote: post #533

Earlier quoted context omitted.

This is absolutely untrue. In The Netherlands the government has a 30% tax rebate for devs who come from elsewhere and it’s leveraged intensely, more than half of the devs I work with at bigger companies here are usually not Dutch.

So the Dutch government is incentivizing hiring non-Dutch people??!

This is not dumb. This is how you kickstart a network and trust.

Re: “Great resignation” wave coming for companies

#625

Post by mcguire »

jjav wrote: post #581
xyzelement wrote: post #541

Earlier quoted context omitted.

If I am running the company, I would MUCH rather operate short-handed than "fix" my recruiting problems by lowering the bar. You don't have to agree with the bar the companies are using, but that is the bar they have converged on, and one that plenty of people are capable of passing. Would much rather compete for those people.

> If I am running the company, I would MUCH rather operate short-handed than "fix" my recruiting problems by lowering the bar. Nobody is talking about lowering the bar, but of putting the bar in the right zipcode. An extremely high bar of leetcode testing is irrelevant to the actual job, so that's an irrelevant bar.

And yet, those companies seem to be more successful than others with "more relevant" bars.

Re: “Great resignation” wave coming for companies

#626

Post by ajkjk »

cjpearson wrote: post #426
softwaredoug wrote: post #416

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.

I'm curious how those numbers compare. There seems to be a significant majority in favor of remote work in online forums, but that's not a perfect sample.

Anti-office people are very vocal on here. I don't think it's representative; most of the people I know in real life want their office back. I didn't know how much I wanted to be around people all day until it was taken away.

Re: “Great resignation” wave coming for companies

#627

Post by kube-system »

tshaddox wrote: post #454
admissionsguy wrote: post #286

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.

How many medical bankruptcies occur in those European countries?

That might not be an accurate way to measure it, because "bankruptcy" can mean very different things by country.

In some countries, individuals often don't qualify for bankruptcy. In others you might be able to restructure your debts, but they might not be discharged. In some, you may need to give up significant possessions to pay for your debts.

The US, for all of its healthcare issues, actually has a relatively progressive and accessible bankruptcy system. The majority of people in the US who file Chapter 7 have all of their assets exempted from liquidation by law. For these people, bankruptcy is literally as simple as a matter of trading all of their debt for 10 years of a bad mark on their credit report.

Re: “Great resignation” wave coming for companies

#628

Post by ajkjk »

hooande wrote: post #70

What I don't understand is that everyone still has roughly the same expenses as they did before. The basic economics of rent, groceries, child care, car payments, etc have not changed. I'd think people might move from one industry to another. But how can a wave of people afford to quit? I guess people are living off of their savings, but that seems like a temporary solution. At the least I'd expect to see a similar w…

Lots of people are spending less than a quarter of their income on those expenses. So it's pretty easy to quit and use their savings on it for multiple years.

Re: “Great resignation” wave coming for companies

#629

Post by foobiekr »

sokoloff wrote: post #462
vidarh wrote: post #415

Earlier quoted context omitted.

I like the one who suggested the answer to the question of how much the free drinks cost should be "less than the cost of hiring a single engineer".

Used to work at an office where they got rid of free drinks. The morning it happened, Top Engineer 1 sent a mail to all Boston staff announcing he was thirsty and asked if anyone else was similarly thirsty and wanted to join him on a grocery trip to buy soda. Three cars full of engineers went to the grocery store, taking a little over an hour. Free drinks returned later that same week.

This exact event happened at both Cisco and Juniper when they got rid of free drinks. Multiple times.

Re: “Great resignation” wave coming for companies

#630

Post by estebank »

azinman2 wrote: post #593
davedx wrote: post #533

Earlier quoted context omitted.

This is absolutely untrue. In The Netherlands the government has a 30% tax rebate for devs who come from elsewhere and it’s leveraged intensely, more than half of the devs I work with at bigger companies here are usually not Dutch.

So the Dutch government is incentivizing hiring non-Dutch people??!

It is incentivizing highly skilled and highly compensated people moving to The Nederlands from beyond 150km from the border by not charging the 30% tax for up to 5 years. This is similar on intent to the O1 visas in the US.

https://www.iamsterdam.com/en/living/take-care-of-official-m...

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