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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#801

Post by hellotomyrars »

taurath wrote: post #785
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 can’t get over how much the financial media drumbeats the idea that companies compete with better working conditions. They do not on any appreciable timescale - the best you get is a bigger signing bonus or one time benefit. At the top 1% they compete on perks, but the rest simply do not do anything about the fact they can’t hire, despite their complaints. It’s a particular dissonance that I think must come from MB…

One thing looks good on a balance sheet and the other requires thinking beyond the balance sheet. The vast majority of companies and middle/upper management are really only looking to the short term and their own individual resume. If the cows don't come home to roost (oops mixed the metaphor) for a few years and Jim has already moved from Company A to Company C by then, and failed upward three places on the corporate ladder, why should they care?

Feels like most huge corporations do an executive shakeup every 5-8 years or so, and they shake some people out, but those people just get picked back up by someone else fresh off their own executive shuffle.

Re: “Great resignation” wave coming for companies

#802

Post by setgree »

break_the_bank wrote: post #781
setgree wrote: post #198

Earlier quoted context omitted.

I left my job in May and I'm hiking the Appalachian Trail now. I saved more than enough for living in a tent for 5 months (admittedly the tent was expensive but I already had it). So far it's been great. I've met a lot of folks who are burned out and taking some time to think. If long-distance hiking appeals, I'd be happy to discuss it. Long-distance hiking isn't for everyone but

Have you done something like this before or was this on a whim? Trying to figure out how much training / prep one needs to do. I want to do long distance cycling, I am not concerned about the stamina. I am concerned about camping in the wild, packing and repairing the bicycle when it breaks.

I had done a 10-day section hike 7 years ago, yes; and a few 3-4 day trips in the meantime.

A week or so out there was invaluable to me, YMMV

Re: “Great resignation” wave coming for companies

#803

Post by ssklash »

maybelsyrup wrote: post #743
nonotreally6 wrote: post #709

Earlier quoted context omitted.

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…

> for those who no longer wish to work > to those who don't wish to work > those who choose not to work at all > the same for working and for doing nothing, that people choose the latter You're making my point for me with the arbeit macht frei dog-whistles here. So let me be clear: if "work" is defined as "millions of white and blue collar professional lives before Covid, lives replete with Kafka-esque meaninglessnes…

Very very well said. This needs to be shouted from the rooftops. Along with a line from a reply below: 'There’s no “labour” shortage. There’s a “wage” shortage.'

Re: “Great resignation” wave coming for companies

#804

Post by dcist »

lotsofpulp wrote: post #482
Grim-444 wrote: post #436

Earlier quoted context omitted.

The next step is to ask yourself -why- journalists are asking loaded questions and pushing certain narratives. I don't believe it's coincidence, or just that they're just not very good at their jobs. There's economic, political, and social power to be gained for them and their ideology if they push these narratives.

Or they need to land clicks to put food on the table. Which individual journalists would you qualify as having economic, political, and social power?

100% agree that journalists emphasize the sensational for the clicks instead of the moderate and reasonable.

That said, I don't agree with this framing of your question with regard to "individual" journalists. It's unlikely that any "individual" journalist has economic, political, and social power. Journalists' power results from their collective efforts as a group. I would be hard-pressed to name more than five individual NYT reporters but collectively, the NYT has unquestionable social and political power, if not economic. The NYT's angles on stories, its decisions to pursue certain trends and not others, its portrayals as somethings as good and others as not good, etc. - these efforts have tremendous power and shape society.

Why do you think someone like Bezos was so interested in buying WaPo? To anyone who fails to appreciate the power of journalism, start with Walter Lippmann's Public Opinion.

Re: “Great resignation” wave coming for companies

#805

Post by marcosdumay »

kamarg wrote: post #537
rubicon33 wrote: post #504

Earlier quoted context omitted.

And yet, they still persist on presenting leetcode riddles that have very little relevance to the job being interviewed for. If they were hurting that much for devs, you'd think they might lower the bar a little by not requiring a years study of leetcode.

It's more expensive to make a bad hire than to not hire someone and move a bit slower.

There are two problems with this phrase, one is that it shouldn't. Really, if somebody a bit worse goes way into the negative value for you and you are a large company, you have some procedural problem that should be fixed. Long-time employees also have bad moments, and you should be able to survive those.

The second problem is that the onus is on you on making sure those bad interviews decrease the odds if hiring bad people, instead of increasing them or being irrelevant. Without that evidence, this is a non-argument.

Re: “Great resignation” wave coming for companies

#806

Post by theferret »

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…

> It is worth noting that software salaries are artificially inflated HEAVILY due to a general unwillingness or lack of interest in hiring overseas developers.

Yes that's right; business hates saving money and loves hiring super expensive US talent.

Re: “Great resignation” wave coming for companies

#807

Post by theferret »

rubicon33 wrote: post #504
thatfrenchguy wrote: post #391

Earlier quoted context omitted.

> FAANG are struggling to fill demand in hiring and are offering increasingly high salaries This has been the case, according to my colleagues who are older, since at least 2003 ;-)

And yet, they still persist on presenting leetcode riddles that have very little relevance to the job being interviewed for. If they were hurting that much for devs, you'd think they might lower the bar a little by not requiring a years study of leetcode.

They're not hurting for devs, they're hurting for engineers.

Re: “Great resignation” wave coming for companies

#809

Post by pyb »

Nursie wrote: post #372
throwaway894345 wrote: post #335

Earlier quoted context omitted.

To be clear, I'm merely saying "the complexities of the American healthcare system might be why Europeans are more inclined to take gap years". That said, I didn't know that European public health insurance was commonly contingent on employment. I would be curious to know more about this.

> I didn't know that European public health insurance was commonly contingent on employment I'm not sure it is! It's not in the UK, certainly.

Nor is it in France.

Re: “Great resignation” wave coming for companies

#810

Post by marcosdumay »

the_doctah wrote: post #772
ansgri wrote: post #756

Earlier quoted context omitted.

In such countries you can usually pay a reasonable price (fully known upfront!) to skip the line.

So people with more money can keep paying to skip me? I'm sure that would work well in the US

It's not exactly to skip you. It's to get into another place, that you can not access if you don't pay.

It's basically "You have those basic needs filled here under those conditions. If you don't want that, there's a free market up there where you can bargain something better." Of course, how "basic" are the needs filled and what conditions vary a lot from country to country.

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