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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#901

Post by afkoder »

notjustanymike wrote: post #173
dreen wrote: post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

A 6 month gap was the healthiest emotional choice I ever made. Just be prepared that you have no idea how you'll react to it until you do it. I strongly recommend setting very light goals for the first month while you adjust, otherwise you'll stress yourself out. For me, I went with "Take one great photo a day."

That's so wholesome. During my 6month gap I did nothing but see much THC I could put in my body, eat fried chicken, play computer games, watch porn, and generally decline physically, mentally, emotionally, etc.

I think I learned a bad lesson by getting a much better and better-paying job than I had before the break, without putting much effort in.

Re: “Great resignation” wave coming for companies

#902

Post by 1991g »

himinlomax wrote: post #398
ChuckNorris89 wrote: post #395

Earlier quoted context omitted.

>Not the case in France (at least for the past 20 years), and I doubt it's the case in most other European countries. Nope, your parent is right, in Austria you also don't get healthcare if you don't work or are looking for work via your local job center. Maybe France is an exception due to having stronger social system that heavily favors the workers (insert memes about strikes) while in Austria the system is very r…

I'm pretty sure that's not the case in the UK either, given how it's financed.

It is not - you get access to healthcare at all times (employed or otherwise, young or old) and simply pay a slightly higher tax rate when you are working to pay for it.

Re: “Great resignation” wave coming for companies

#903

Post by hinkley »

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.

Is it a talent problem, a gatekeeping issue, or are good people just not interested unless the money is insane.

Re: “Great resignation” wave coming for companies

#904

Post by brasscodemonkey »

Yes. Please leave. I’m a developer and single parent having trouble finding work. We could end up homeless. Maybe after everyone fortunate enough to be able to leave their jobs is gone, I won’t have to solve hard-level leetcode questions just to build React components.

Re: “Great resignation” wave coming for companies

#905

Post by astrange »

throwaway894345 wrote: post #464
admissionsguy wrote: post #377

Earlier quoted context omitted.

I am honestly very bitter about Americans glorifying the European system while happily taking home 2/3rds of their 100k+ developer salaries and enjoying much lower prices of everything. With regards to insurance: - in some countries (UK, Sweden) - the insurance is contingent on having a social security number, so the coverage is pretty much universal for residents, but people coming from other EU countries will still…

> I am honestly very bitter about Americans glorifying the European system while happily taking home 2/3rds of their 100k+ developer salaries and enjoying much lower prices of everything. I agree, although I think the ignorance extends to Europeans as well. Europeans are often surprised to hear that American software professional salaries are ~60% higher than European salaries even after adjusting for taxes, healthca…

> To be clear, I think the United States healthcare system should be reformed, because it doesn't serve the poorest Americans very well.

This depends on the state; Medicaid expansion is doing good things for the poorest people in states where it exists.

The US benefit system is tilted towards the poor, old, and people with children (distant 3rd.) It has some bad welfare cliffs for disabled people, and is the worst for middle class self-employed who aren't on their parents' insurance.

Unfortunately this last group includes all online writers and popular social media users, which is why they pretend it doesn't exist for anyone.

Re: “Great resignation” wave coming for companies

#906

Post by vmception »

MrKristopher wrote: post #716
vmception wrote: post #495

Earlier quoted context omitted.

Levels says E-7’s at Facebook get a nearly $1,000,000 compensation package A) Is this annual? As in their unvested RSUs are nearly 4x this amount B) This is not accounting for stock price appreciation? or do I have it entirely wrong. Two years ago on Blind I could tell people were discussing their compensation packages in wildly differing ways. It was impossible to tell if people were discussing if they signed an off…

Base + bonus + annual refresher should be in the 700s annually. Likely the way this gets to $1M is with stocks going up and stacked refreshers (getting a couple annual refreshers while the initial grant is still vesting).

But they shouldn't be reporting stocks going up or refreshers to Levels

They should be reporting offer letters that get verified by Levels admins

So its $1,000,000

Re: “Great resignation” wave coming for companies

#907

Post by arbitrary_name »

MrKristopher wrote: post #474
xwdv wrote: post #207

Earlier quoted context omitted.

Why would it be white hot right now though? I don’t think software would be particularly affected by COVID negatively or positively.

Stocks (and therefore RSUs) are up. I joined a FANG in 2019 with $500k RSUs. Now I have $740k in unvested RSUs, including $600k remaining from the initial grant.

Jesus that's unreal. You devs make so freaking much (coming from a penniless non-dev trying to remain at peace with his rsu package)

Re: “Great resignation” wave coming for companies

#908

Post by astrange »

sumtechguy wrote: post #118
0xbadcafebee wrote: post #60

Earlier quoted context omitted.

He's right about it being harder to get a job while unemployed. You finish your gap year and then spend another 6 months trying to get hired. Maybe if you lived in SF it'd be easier.

There are 200 resumes in this pile. 199 of them need to go for one reason or another. 'no recent experience' is one of those reasons.

I don't care about this at all, I'd assume you still remember how to do things after a year (or even two.) Of course before it gets to the team it might be filtered elsewhere.

Re: “Great resignation” wave coming for companies

#909

Post by astrange »

kesselvon wrote: post #243
aphextron wrote: post #72

Earlier quoted context omitted.

>"Yeah, I was the CTO of a startup. I learned a lot. Call this guy who was the CEO, he'll tell you about it." Ah yes, an intricate lie. The very foundation of a solid working relationship.

Companies lie to employees all the time; it's literally not illegal.

If you get stock compensation maybe you could sue them for securities fraud.

Re: “Great resignation” wave coming for companies

#910

Post by Schwolop »

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…

Just as one counter data point to your observation of your social circles: 2020 made me reconsider things. I also did the maths and concluded I was already the FI part of FIRE. I thought some more about what I wanted to do with my life, stayed several more months to give myself time to reflect on things, and then ultimately resigned with no intention to find another job. I will wrap up in two weeks time.
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