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Of course, it's impossible to know now, but I wonder how many people would've still left if there was no exit package. It's possible some decided they wanted to
by easton 6y ago
Of course, it's impossible to know now, but I wonder how many people would've still left if there was no exit package. It's possible some decided they wanted to work somewhere else and saw a way out.
- jseliger 6y agoThat's just what I was thinking: if I were in a job I was on the margin of leaving anyway, and an exit package were offered, that might be sufficient to make me make the move.
- dangus 6y agoI don’t know if they still do this, but I recall Zappos having a constant offer on the table to pay you to quit. I bet they didn’t have 5% turnover over some time-deaf email from the CEO. My guess: those 5% got sick of tone-dead all hands meetings/memos and saw their chance to bail out. I wonder what other companies during the Covid recession has 5% voluntary turnover?
- giancarlostoro 6y agoMy only question is what are employees proposing CoinBase takes a stance over? If you want something like cryptocurrencies to thrive you can't be overly policing them, that's not your job as a company. Your job is not a political platform unless you work with politicians on their campaigns or are a politician / other form of politically affiliated / influenced company. Politics can make people feel extremely uncomfortable especially if they feel suppressed and as a minority are bullied by other employees.
- dangus 6y agoI made another longer comment about it on this thread. The gist of it is that a competent HR department can make a statement without directly committing support to any particular organization or group that they aren’t comfortable with. Saying “I refuse to comment and you’re not allowed to comment” is the worst way to go about it, literally anything would be better. There are also ways to train on empathy, bias, and general employee-to-employee communication that can guide employees through those conversations with colleagues.
- hnracer 6y agoRegarding bias training that you mentioned, the Heterodox Academy did a literature review and concluded that there isn't adequate evidence to conclude efficacy and if anything the effects are deleterious on workplace cohesion.
- stagger87 6y agoZappos will pay new employees (reportedly 4k USD) to quit. Coinbase's offer was 4-6 months severance with benefits over that timeframe.
- nscalf 6y agoIt seems much more time-deaf to think that everyone wants to be involved in this highly stressful, chaotic game of identity politics. Some people just want to do their job. Personally, I want to focus on what I'm working on while at work, not have my boss preach their particular views at me. I bet the meetings/memos were not very tone-dead if you were there to work on what the company was doing. My guess: 1-2% of those people are the loud, annoying group that demands everyone behave how they think they should, and the other 3-4% were people who saw an opportunity for a long paid vacation while they look for another role.
- MattGaiser 6y ago6 months of pay as severance. I could find another job in a couple weeks and I am not that skilled or experienced a software engineer. It would be quite tempting.
- arnvald 6y agoI think this is also true from the other side - probably more people would leave if we weren't in a recession.