It’s worth noting that job-hopping was temporarily reduced during early parts of the pandemic. No one really knew where this was going, so companies were hesitant to hire and employees were hesitant to leave a job they trusted to be around (if they could). There’s a natural rebound happening as companies feel safe to hire and employees feel safe to try new jobs. This is exacerbated by the way it’s all happening at once. Going to be interesting to see how and when it settles out.<p>The media tried to portray a lot of pandemic trends as one-way changes to our society and economies, but so far I’ve been surprised at how quickly everything has been snapping back to pre-pandemic normalcy after the temporary disruptions work their way through the systems. This goes for everything from lumber prices to work from home policies. Everything feels slightly altered, but trending back to pre-pandemic norms.<p>I expect to pay slightly more for lumber and have slightly more work from home options, but it hasn’t been the sea change of forever elevated prices and everyone working from home forever like it was portrayed months ago. I suspect this job-hopping trend will likewise calm down once things re-establish equilibrium.
I might as well repeat it. Now is a great time to be looking for a new job.<p>I'm a quant trader, so I've got a foot in tech and a foot in finance. Both are heaving at the moment, recruiters calling all the time, salaries much higher than just a few months ago.<p>I'm not sure what it looks like at the entry level end, but for experienced hires it's busy. I speak to a lot of recruiters, and they're having vintage years most of them, eg hitting billing targets in Q2 for the whole year.<p>One job I passed on took a friend on my recommendation. Another few are in the pipeline at other firms. I can't remember a time when so many people I know were moving jobs.
I'd imagine it mostly has to do with the giant COL increase over the last 12 to 18 months. Employers typically don't just hand out 20% raises, so everyone is out looking for more money.
Americans got it right. Germans are, on the other hand, happy to work for a penny as you can see from the numbers below:<p>Average salary in San-Francisco for developers: $175.036<p>Average salary in Germany for developers: 61.176 Euro<p>That's 2.5 times more than in Germany. Please also note that many products like gas, electricity, laptops, smartphones are cheaper in the US, despite much higher salaries.
Looking is very different than actually changing jobs. That number is probably low. I'd guess 90%+ are <i>looking</i>. That doesn't mean they are doing anything about it.<p>My entire career I've been "looking" for a new job. I only <i>change</i> jobs once every 4+ years, but I'm always looking in case a better opportunity comes up and to help me level set and make sure my current job is a good one. Almost all of the time when I see an interesting job I do nothing, sometimes I ask some questions. Once a year or so it turns into an informal "info call" and maybe once every two years or so an actual interview might happen.<p>But it doesn't mean anything until I actually switch jobs. In almost every case, even when I get to the interview stage, I confirm for myself that my current job is better and do nothing.
I've been job hopping my entire career. It is by far the most effective way to getting a giant bump in salary and benefits.<p>If you're sitting out there at around 1 or 2 years at the same place, definitely consider it. There is the risk you end up somewhere worse, but just hop again after a few months. Invariably you'll be asked about it in your next interview, but be honest and describe the last position as misrepresented to you and a waste of your skills and you'll be fine.
I have a hard time believing this is true, but if it is, the implication are profound. Apparently, the mishandling of the pandemic in the US has broken the system that kept the workers oppressed, and firmly under the thumb of the donor class.<p>We live in interesting times.
My hypothesis is that this is mostly about so many people going remote.<p>With location no longer constraining either recruiters or job seekers, everybody's got more options now, and the increased competition is working to the employee's favor.
There is clearly some bounce back happening, but is it permanent? If we sense there has been some permanent change, we should try to be precise about exactly what that change is. I'm going to suggest that those who say the culture has changed the economy might be reversing cause and effect.<p>In a comment above, PragmaticPulp wrote "I’ve been surprised at how quickly everything has been snapping back to pre-pandemic normalcy after the temporary disruptions".<p>That's what I see too. But it's also clear that the government pushed trillions of dollars of stimulus into the economy, some of which went straight to the workers, and this leaves many workers, especially the poorest workers, with more leverage than they've had in decades.<p>The era 1932-1968 is sometimes broadly referred to as the New Deal era, a period of progressive reform. We don't have a name for the era 1968-2008, but it was an era when there was an emphasis on limiting government, cutting taxes, opening borders, catering to corporate needs -- a bundle of policies that some people call "neoliberal". For the sake of argument, let's call that the neoliberal era.<p>Since 2008 the old neoliberal consensus has been falling apart. Trump ran as a populist, Biden was elected promising progressive policies, Trump and Biden collectively pushed through several trillion dollars of stimulus. Biden has put in place a $300-a-month cash payment for each child a family has.<p>So I'd argue, if there has been a change that feels permanent, it is a political change. If we're moving into an era where the government pushes money directly to individual workers, then we're moving into an era when workers are going to have more leverage than they've had since the end of the post war boom, back in 1973.
Use this time to switch folks. Get that $300k job NOW.<p>You can ask for benefits such as permanent wfh, vacation before starting, extra stock, signing bonuses.<p>You could even tell them upfront that you will not do a take home, if you don't want to. Or if they have to have a take home, ask for compensation or to reduce one coding round.
Does anyone know what we should be asking for? Say as a C# developer in Chicago? Mostly MVC focused but expert at nothing. Never really having the opportunity to do the same exact thing over and over. And one that isn’t very great at complex stored procs. You know, the hard stuff.<p>Just curious. Everyone talks about wages going up, but no one says what those wages are supposed to be.
What does it say to Faang recruiters if I were to quit my current job that I've been in for 8 years (different roles same large manufacturing company), take a 3-6 month break, try other things(business, entrepreneurship, reading/courses) and then leetcode/apply after other approaches have failed? Does it impact my hireability a lot at that point?
Many people are working jobs they don't like, and only took because the pandemic limited their choices. It's the great re-shuffling as people get back to their ideal roles.
That number is so absolutely ridiculous that it deserves explicit sourcing. The article sources promotional material from a consulting firm that networks C-level execs, but this time they deigned to address others: "We also polled 1,007 full-time and part-time US-based employees between August 2 and August 3, 2021. We included the perspective of these employees in this report."<p>So that is where you are getting that number, which isn't reflected in any actual data from the BLS.
I've held basically the same job since graduating almost a decade ago, but the pandemic has done it for me. I'm paid well, treated well, and work on interesting things, but it's fundamentally an on-site job where I interact with a lot of people, most of whom are blue collar and from high risk Covid communities. I have 2 children under 5 and so even with a vaccine I'm putting them at risk every day I go into work.<p>I currently am burning all ~12 weeks of my accumulated vacation days as a "leave of absence" as I look for another job as a pure software engineer. I do software in my day job but we don't keep up with the software industry trends like Docker etc. so I'm having to learn that on top of grinding Leetcode.
I personally know 20-30 people looking for new jobs due to the vaccine and masking mandates. At least 3-4 families I spoke with around my home in Illinois are leaving Illinois out of concern (in various levels of moving). It’s why I bought land and started a farm earlier this year.<p>I don’t think people realize how much fear and anger there is under the surface. People don’t move their families for fun, they do so for opportunity.<p>The New York City vaccine mandate alone is massive. There’s no medical exemption and impacts employees and consumers alike.<p><a href="https://www.yahoo.com/entertainment/restaurants-gyms-suing-york-city-232144565.html" rel="nofollow">https://www.yahoo.com/entertainment/restaurants-gyms-suing-y...</a><p>I won’t comment on effectiveness or anything else, but a lot of people aren’t vaccinated. It’s not worth it and many people will leave.