Posted on 07/30/2018 2:53:04 AM PDT by Libloather
**SNIP**
The traditional concept of employment is the latest thing that the ever-contrarian millennial generation is reinventing. They’re quitting their jobs, without worrying about what they’ll do next. According to a 2018 Millennial Survey by Deloitte, 43 percent of millennials expect to leave their job within two years. The trend is in line with broader shifts. According to the Labor Department, the percentage of workers (of any age) quitting their jobs reached 2.4 percent in May, the highest level in more than 16 years.
“Twenty years ago I never would have seen this,” says Cat Graham, a managing partner in a human resources advisory firm who has 20 years of experience in HR. “The job market is so hot right now — unemployment is at a record low, and the war for talent is hotter than ever. There are more jobs than there are qualified candidates.”
(Excerpt) Read more at foxnews.com ...
Nothing new
My ex would work for two to two and a half years at a place. Then he’d quit and take six to nine minutes months off. Did it through out his working career
Sometimes, it was several years less than 40 and before a retiree was ready to stop working.
This is exactly it. Companies don’t look after employees anymore and don’t care about them. The days of 20+ years with one company are over.
I remember my dad came home once over 10 years ago from an interview (He’s a Boomer) mad as can be because the interviewer asked him qualities he had and he said he was “loyal” and the guy laughed in his face and called him a dinosaur.
Millennials may have some stupid ideas, but they’re not completely stupid to the point where most of them are going to be exploited while Corporate America looks to replace them with H1B workers or outsource their job in 5 years.
Just about every mini RV trip I take I end up meeting freelancers. Some are IT types, a few writers, bloggers or who knows what. At least that is what they tell me?
Must pay the bills. Kind of traveling-work I guess.
Try IT. You’ll be burned out in six months flat.
I’ll retire when they carry my corpse away from my desk.
“...Billing $250 an hour. Not bad....”
Was in the oil/gas business....exclusively in the field; both pipeline & oil/gas treating facilities construction. Consulting engineering/construction manager for the entire region with over 40 years of hands-on experience and knew “the business” very well.
Keep in mind, the tons of OT, per diem and travel in that number too.
FWIW, in early 2012, I purchased a brand new Ram 3500 CTD and by the end of December that same year, I had almost 110,000 miles on her. My office was my truck...practically lived in it. Due to the need for reliability, I traded trucks every year.
But yeah, you got a fairly close estimate....a little bit high, closer to $210/hr billing and earned every penny of it. Like I said; away from home, out in the middle of nowhere and working dawn to dusk, 7days/week. Looking back on it, it was insane....LOL...but $100+/barrel oil (condensate) was like liquid gold at the time. They were depending solely on us to get it to market asap.
If you’re ok with them having fun on your dime (ultimately), ..oh well.
If you worked for a company for 40 years, getting a salary and health benefits for that time, what really do you expect? All they have is a 401K? And? That likely means the company was contributing a percentage to the person’s own retirement savings (which everyone should so anyway).
LOL — I was just showing off my quick ability to go from annual to hourly (folks: there are apx. 2,000 hours in a year so the math is easy).
Did you bill your expenses or eat them? So far I have billed them but if I really needed to I have a magic number in mind that would cover expenses and still give me the income I want.
My industry is IT — implementing ERP (Payroll, Financials, HR, etc.) systems for very large clients: Fed Govt, State and local, $1B+ firms and the like.
I don’t bill like you do but I do well enough and don’t have all that wear and tear. But this is AFTER amassing 3 million air miles (all Continental North America) and 2000 hotel nights as a consultant for a Worldwide consultancy.
But I would not trade being my own boss (well, I report to Mrs. FD who majority stockholder and CEO) for ANYTHING! I should have done it 10 years ago!
So I guess all those 50 year old IT workers getting laid off for HB1 Visa replacements are thrilled not to be doing IT anymore.
Burned out?? Did they have to show up before 9:00am, maybe work three days this week??
“...Did you bill your expenses or eat them?...”
The per diem billing was to cover my living expenses. The mileage billing was to cover my vehicle expenses. Anything else, was usually shown as an expense on the annual tax return.
FWIW: I had set up an LLC and worked and billed thru it, rather than as a single individual. I had absolutely no time to keep up with anything other than what I was actually working on. I just made sure I kept all the receipts etc. and that they got forwarded to my wife who also worked thru the LLC as my records and bookkeeper. She would meet on a monthly basis with the tax attorney’s office to ensure that all was good, and that the right amount of quarterly estimated taxes were paid. I really never saw the numbers till the end of the year. When I saw em, I was always shocked by em....pretty disgusted actually. But hey, it’s still a great country and offers plenty of great opportunities to those willing to work hard for it. But takes a strong work ethic and using your head for something besides a hat rack.
The one thing about being your own boss is that you realize there are no safe spaces.
+ you’re the first one there in the morning, the last to leave, and the last one paid.
Don’t you think it’s better to give pensions? When did people decide it was ok for companies to screw their workers? It used to be you work 40 years and the company gave you an earned pension. Now companies keep that money or give it to the CEOs.
No withholding for anyone.
Pay annually with a check or cash on late October or early November.
Then go and vote.
Better? Yes, if my company guaranteed me a pension, it would be better for me. But that’s a by-gone era. I saved for my own retirement since I was a young man.
My guess is that few millennials would take a job that offered a retirement pension in exchange for a comparably lower working salary. There’s just not much fun in that.
the problem as i see it is these snowflakes just dont have access to motorised erasers.
I won’t be able to retire until 2 years after I’m dead.
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