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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#721

Post by ghaff »

rootusrootus wrote: post #680
akiselev wrote: post #574

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. Because it's been tried before and for the most part it was an abysmal failure. I was just starting out doing some basic web freelancing as a teenager in the 2000s and even I got roped in to clean up an outsourced project after being outbid a year earlier by a…

Overall I agree with you, and my experience has been similar, but I think the comparison with outsourcing is not correct. I would argue that outsourcing failed primarily due to companies trying to farm out the coding to uninterested entities whose incentives did not align well. Not necessarily because the foreign workers doing the coding were bad. Back to the guy in Argentina -- I imagine that he/she is actually in a…

I'm in regular calls from the East coast US to central Europe so, usually, a six hour difference. That feels about the limit to me before things get more difficult, people need to work outside of normal business hours, etc.

You can do bigger differences and many of us do on occasion. But on a multiple times a week basis, both 5am calls and 11pm calls get old.

Re: “Great resignation” wave coming for companies

#722

Post by yawaworht1978 »

CoastalCoder wrote: post #352
yawaworht1978 wrote: post #26

Most people are open for new opportunities and are proactively or passively checking at all times anyway. If a recruiter calls me and has an up to date cv, I will have a chat with them. This might lead to something, if not, at least they have their crm updated for the next calls. And when the need arises, you can get back at them, one of them placed me in a FAANG with full remote recently, totally unexpected. I think…

Sorry for the tangent, but have you found any benefit in maintaining a traditional CV / resume? I'm not actively looking for a job, so I just tell them to have a look at my LinkedIn profile. But I wonder if that's keeping me from some worthwhile opportunities.

I think this is important, not just tangential. The traditional cv is still something most companies will check, one way or another. At the very least, they will use a tool to check for keywords, same thing on job platforms. I personally never update my LinkedIn with the current role, I always think if my employer checks, they would think I am shopping around, so I leave that. But on job platforms, I have the most current CV. LinkedIn never gave me good results anyway, only currently held roles.

But Glassdoor is pretty ok and some other platforms(I can pm if you like) have proven good, they seem to have some kind of alert system whenever a keyword of a recruiter portfolio is triggered and on cv updates. I do think limiting oneself to LinkedIn will definitely make you miss on some opportunities. I spend no more than an hour a month to update etc. Most have auto apply button etc. It is easy to send 50-100 applications within an hour. Of course some of the contacts will be rubbish, just delegate to spam I it keeps happening, eventually unsubscribe. I got some interviews to places where I thought they would never, ever touch me. However, sometimes such companies are desperate to hire. I went pretty far with bitfinex, just for fun and because it's remote, despite knowing sweet little about what is needed to know . Many stories like that.

Re: “Great resignation” wave coming for companies

#723

Post by sadfasf122 »

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…

There are a lot of people in tech making a lot of money. Particularly at FANG/startups that have exited, they can "FIRE" after less than 10 years of working. I know many people in this category.

During the pandemic many people also made some changes to their lives (bought a house, moved out the city, moonlight second job, started consulting remotely, etc.).

Then you throw in the crazy rise in the markets (stocks, crypto, real estate) that many people have benefited from.

Coupled with the popularity of FIRE mentality, rise of remote work, etc, it doesn't surprise me there are big changes coming.

Re: “Great resignation” wave coming for companies

#724

Post by michaelbrave »

helge9210 wrote: post #536
Wonnk13 wrote: post #370

Earlier quoted context omitted.

>Never piss off your employees by taking away something they feel entitled to. I've read one of the easiest ways to break moral in an office is to simply take away the snacks. Forget nap pods, or walking desks- don't touch my clif bars!!

> I've read one of the easiest ways to break moral in an office is to simply take away the snacks For me this is indication of cost cutting going into effect. This means it's time to stop riding a dead horse and to start looking for a live one.

This, it's either the first sign of larger problems or a sign of a significant culture shift, either way it signals that change that is likely for the worse is coming so it might be time to leave before it gets worse.

Re: “Great resignation” wave coming for companies

#725

Post by Accujack »

maybelsyrup wrote: post #697
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…

> Real Translation: Covid has made people miserable in their jobs. Small quibble: Covid has shown people how miserable their jobs have always been. All it's taken is a slight shift, a small perk, here and there, and people see it clear as day, and they want out. White collar workers got work from home: actually, it turns out I can give legal advice while planting basil in my backyard and no one on the conference call…

>I think lots of myth and propaganda about work got blown up in the last year.

Many years of corporations "boiling the frog" and slowly lowering flexibility and not improving pay have been reset. People hadn't noticed, and now they have.

It'll probably happen all over again, but at least there's hope for now.

Re: “Great resignation” wave coming for companies

#726

Post by Accujack »

nonotreally6 wrote: post #709
maybelsyrup wrote: post #697

Earlier quoted context omitted.

> Real Translation: Covid has made people miserable in their jobs. Small quibble: Covid has shown people how miserable their jobs have always been. All it's taken is a slight shift, a small perk, here and there, and people see it clear as day, and they want out. White collar workers got work from home: actually, it turns out I can give legal advice while planting basil in my backyard and no one on the conference call…

You mean the Fed printed a ton of money and sent it to everyone making less than a certain amount, and the government guaranteed wages for those who no longer wish to work, and caused a labor shortage and inflation. Soon those benefits will be insufficient, due to inflation, if the government continues to print money, and the real wages of the existing wage earners who actually produce value for the good of society b…

>if the government continues to print money, and the real wages of the existing wage earners who actually produce value for the good of society by working are eroded and redistributed to those who don't wish to work.

I bet I can guess which group you think you belong to.

Re: “Great resignation” wave coming for companies

#727

Post by treeman79 »

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…

Overseas can range from:

you are a team of people located all over the world. To Your being off-shored to India as soon as can figure out how.

Worked both, and the culture difference and happiness difference is drastic.

Even a hint of offshoring will induced panic for many employees/ candidates. Definitely makes hiring and retention hard.

Re: “Great resignation” wave coming for companies

#729

Post by VRay »

ryandrake wrote: post #637
VRay wrote: post #427

Earlier quoted context omitted.

If you're writing so much software you hang out on HackerNews for fun, and you're not saving enough to max out your 401k AND have savings left over for 6 months off, you're doing your finances wrong (and/or you can get a 4x pay bump in a new job)

Most people here, even most software engineers, don’t make the sky high salaries that “very high-level FAANG engineers who also live in the Bay Area” make. Many have families, kids, education expenses, parents they support, expensive health issues, etc. It’s a huge assumption to think that everyone on HN can max out a 401(k) at all, let alone have any left over to save and blow on extended unpaid vacations. EDIT: Obv…

So you're saying that you're single-handedly pulling in between 2x and 5x the median household US income, yet can't set aside $20k a year for your 401k?

That means you're either not living on a budget at all, or you're doing something ridiculous like paying out of pocket for prescription medication without using the ACA.

Re: “Great resignation” wave coming for companies

#730

Post by gumby »

screye wrote: post #583
reverse_list wrote: post #400

Earlier quoted context omitted.

These comments about how the market is on fire for developers always make me sad. Not your fault, but outside the US (and maybe western/northern Europe) you get lowballed hard, even with years of experience. And the supposedly lower CoL doesn't make up for it, at all, not even remotely. I'm not even talking about getting crazy bay area compensations, I'm talking about hoping something better than a $25k-$45k range fo…

Filter bubbles are incredibly dangerous. Every time I hang out my with most ambitious friends, I am reminded of how MSFT is 'low balling' company. That I could be making 2x if only I kept up with interviewing. On one hand, I can't avoid the objective truth of the statement. But, on the other hand, the hedonic treadmill is infinite. I'm glad I am not in the bay area. I would've been paralyzed by the persistent reminde…

If it makes you feel better: there was, and remains, a tech subculture more focused on the tech than the money, but it’s been drowned out over the past 25 years because a gold rush makes for better press. Unfortunately that press attracts people who like that sort of thing.

So if you like what you are doing and can live comfortably you are at the top of your game. The rest is merely froth.

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