3 ms·
There certainly are but are there that many reasons that are good enough to make someone stick around instead of taking 3 months pay while not having to work?
by rifung 11y ago
There certainly are but are there that many reasons that are good enough to make someone stick around instead of taking 3 months pay while not having to work?
I imagine most developers could find a job with similar pay in a month or maybe one and a half, so the reasons would have to be strong enough that you'd give up an extra 10% in salary, or even being able to take a 3 month long vacation.
On the other hand, if they recently had to move to Vegas I wonder how hard it is to find work there and I can totally see people not wanting to move again so quickly.
- cwisecarver 11y agoHenderson is a suburb of Vegas. You wouldn't have to move unless you wanted to walk to work.
- lazaroclapp 11y agoIn the grand scheme of things, 3 months pay is not that significant (a large enough performance bonus can already match that, or a joining bonus for that matter). Now compare that against the chances that you will enjoy your new same-pay job less, or you'll have to move far away, or delay career advancement while you learn the ropes at the new job. There are plenty of potential advantages from changing jobs too, depending on the job, so it actually might make a lot of sense to switch. The point here is that 3 months of salary tips the balance only slightly. Of course, those who have reservations about working where they are, should take the severance package, but that's the point. Also, I am a bit surprised that we are discussing 3 months of pay as a magnanimous, almost foolish, concession from management, whereas in many places around the world that kind of compensation is law mandated when you lay-off people without reason.
- gohrt 11y ago3 months is less than 1% of lifetime earnings. Not worth throwingaway your plans (whatever your plans may be)
- pjbrunet 11y agoBut factor in the value of 3 months. http://www.investopedia.com/terms/t/timevalueofmoney.asp http://www.investopedia.com/terms/t/timevalueofmoney.asp
- Nagyman 11y ago3 months pay is nothing compared to years at a great company with great culture and great people. The work itself might be the same company to company, but the people and the environment depend a lot on internal culture that's not particularly easy to find before taking a job elsewhere. One spends at least 8 hours a day working with others, not just writing rote code. There's very much a human aspect to employment, not simply economic self-interest.
- danielweber 11y ago> I imagine most developers could find a job with similar pay in a month or maybe one and a half Geographic area heavily influences this. Last time, I spent 8 weeks with almost no nibbles (and then suddenly had two companies fighting for me on the 9th week). I've got mouths to feed. And when you interview for your new job, you are going to be asked why you took the buyout. "LOL 3 months salary" isn't a good answer.
- rplst8 11y agoYour point is valid. However, saying "LOL 3 months salary" would be a foolish answer in an interview even if you did take the buyout. Leaving a company over differences in philosophy (management, engineering, or ethical) are all perfectly acceptable reasons to part ways without compensation. I wouldn't take the buyout flatly, but if I wholeheartedly felt the direction the company was going in was foolish, I would certainly consider it.
- PhasmaFelis 11y agoNot everyone likes the ping-pong ball model of modern employment. A stable job, where I show up five days a week, the company takes care of me, and I get to form stable working relationships with my coworkers, is valuable to me and many others.