It would be interesting to see the data about when a company posts a job post and when it gets closed.
We can then use that data to create “trends” graph for that company.
- Job websites are, for some companies first and foremost, a signal to the investment community. Hey look, series A, and now we have these 12 job listings open. Meantime they’re trying to figure much more important things out than who to hire at that level (like who they can get who knows how to hire). Any emails sent in go straight to nowhere.
- Job listings are also a political tool. Say you have an organization with 1,000 employees and 90% of them are low-skilled H1B’s. While you might ordinarily need about 50-100 job listings to keep pace with employee turnover, putting 1000 job listings out there helps give cover to politicians to expand, rather than curtail, the H1B program. Recruiting someone is expensive. Pretending to recruit someone is almost free, and unreasonably effective. Vaporware for fun and profit.
- Recruiting someone is expensive. Pretending to recruit someone is almost free, and unreasonably effective. Vaporware for fun and profit.
This Is Why Your Best Developers Keep Quitting
YOU WAITED UNTIL THE EXIT INTERVIEW TO ASK WHAT’S WRONG
The fun of solving problems and the joy of seeing something they’ve built come to life is what drives many software developers. Companies need to leave room for the best of them to keep conceiving of–and then executing–new ideas. “If someone who’s been coming to you with their ideas suddenly stops, it’s a huge sign they’re on the way out the door,”
.. “If you have someone saying, ‘I’m bored’ and you don’t do something about it, expect them to leave for a place where they won’t be bored.”
.. That’s why tech leaders should consider holding “stay interviews” with their most valued developers. When the ideas stop flowing or productivity sinks, it’s usually a sign you need to have this type of proactive sit-down.
.. When talking with team members, she probes for a longing to work on newer technologies and listens for any mentions of friends at other companies working on different projects. Even if these remarks are only made off-handedly, she knows they can be red flags. “Don’t be afraid to ask people questions,” she advises: “Are you happy? What’s making you stay? What would make you leave?”
She adds, “Asking ‘Are you okay?’ isn’t illegal.”
.. YOU’RE CONFUSING TEACHING WITH MANAGING
The traditional career path is linear, which often means pushing top talent down a management track, supervising others. Leaders may notice that one of their people enjoys teaching others, and then assume that they’d enjoy managing others.
Mentoring and managing might seem similar, but they’re entirely different skills. Management is really about getting work done through others, which makes it highly people-focused. Mentoring or instructing–especially when it comes to software development–is more about a knowledge-transfer of technical skills.
Be careful not to mistake a technical expert who enjoys teaching for one who enjoys managing. Instead, offer your best senior engineers more than just one kind of leadership opportunity; carve out a separate path for technical experts to advance up the ranks based on how well they help their junior colleagues “skill up”–even if that doesn’t involve managing their work.
.. “the number-one reason technical people quit is because they don’t have the option to advance without going into management.”
Szczepanski would likely agree; in his view, developers often get frustrated having to report to leaders who don’t have tech backgrounds themselves.
Black people aren’t keeping white Americans out of college. Rich people are.
What better time to change the conversation and re-energize the base? And what better way than by raising the lightning rod that is affirmative action?
.. Justice Department officials attempted to play down the initiative after the story broke, stating that they planned to investigate a single complaint involving Asian American applicants, not whites. But it barely mattered. The message was sent.
.. Affirmative action is a consistent hobbyhorse on the right because it combines real anxieties with compelling falsehoods... At 38 top colleges in the United States, more students come from the top 1 percent of income earners than from the bottom 60 percent. Really leveling the admissions playing field, assuming the Trump administration actually cares about doing so, would involve much broader efforts to redistribute wealth and power. A focus on fringe campaigns against affirmative action suggests it does not... Addressing inequalities in K-12 education, for instance, could help at-risk students of all races increase their chances of attending a top college.. Pressing universities to drop legacy preferences, following the example of other elite schools such as the University of Oxford and University of Cambridge, could free up spots for those without that built-in advantage. Trump’s own wealthy-parent-sponsored education at the University of Pennsylvania, followed by the subsequent admission of three of his four adult children, makes that particular initiative seem unlikely... the Trump Justice Department’s proposed attack on affirmative action is a microcosm of how the president won the 2016 election and continues to maintain a base of support.First, Trump taps into a mainstream concern, one tied to how America’s economic system is changing and how some individuals are left at the margin:
- Employment?
- Immigration?
- College?
- Take your pick.
Then, instead of addressing the issue in a way that embraces both its complexity and well-established research, officials opt for simplistic talking points known to inflame an already agitated base: Immigrants are sneaking into the country and stealing your jobs! Minorities are pushing you out of college!.. The Trump administration assumes that picking race-focused fights is the most successful way to distract from its failures and to pander to a grievance-inspired base. The level of support for this latest attempt may prove it right.
Late Credit-Card Payments Stoke Fears for Banks
The average net charge-off rate for large U.S. card issuers—the percentage of outstanding debt that issuers write off as a loss—increased to 3.29% in the second quarter, its highest level in four years, according to Fitch Ratings.
.. If consumers’ budgets get more stretched, a pullback in spending could pressure both growth and corporate profits.
.. While losses are rising, they remain low compared with historical levels and the 10% net charge-off rate they hit in early 2010.
.. starting around 2014 many lenders loosened underwriting standards substantially, turning to subprime borrowers with lower credit scores that brought in higher yields.
.. That contributed to a new boom in credit-card spending. Card balances nationwide rose 6% over the last 12 months through May, a growth rate that is up from about 1% four years ago
.. The rising losses are occurring during a time of near record-low U.S. unemployment, which suggests that credit performance could quickly weaken should the jobs situation turn.
.. Credit cards also moved to the top of the list of concerns about potential losses in the Fed’s annual stress test of banks in June.