Seconded. I've seen quite some Belgian and German (tech) companies that don't value good (tech) employees. They'd rather pay slightly below market rate and cheap out on everything. Somehow these companies keep going. People's standards here, are low.

Belgian news has an item every half-year where some big shot company boy complains about how difficult it is to get (good) ITers. This gets thinned down to "there's not enough ITers". Reality is that they refuse to pay for the quality employees they NEED, so those work elsewhere/leave the company/work remote.