Money. We can argue here all day and pretend it is not money, but it is money. And I know people don't like to hear it, so it needs to be repeated. Money. With a capital M. Also applies for any regular employee.
A few weeks ago I interviewed for a job with a 50% salary increase compared to the current company I work for. All went well until I had an interview with the manager. He was the kind of guy I would not want to work with. He gave me the micro-manager vibe and mentioned a few things that made me turn down the job.
I'd rather work with a good and nice manager than have a 50% salary increase.
But as soon as you find a good job with a decent manager that pays 50% more, you are going to leave.
Actually the moment that you've received that offer with 50% salary increase you already lost some of your motivations even though you may not notice it immediately. And you are going to continue lose more of your motivations because you know that you can earn more.
I think Money is equally important to many other things mentioned here. But the thing about money is that it isn't the only thing that matters. If you don't fix other problems, money can only keep your employees as long as they can't find a replacement with similar pay scale. And even until then they are going to under-perform.
So Money is important. You can't keep good, motivated, high performing employees only with a good pay check. But you can't keep them without a good pay check either.
Well yes, I would. But that doesn't mean it's only about money.
> And you are going to continue lose more of your motivations because you know that you can earn more.
Partly agree. I know I can do more and be in a role with more responsibility. If I find a new job as a manager/team lead which pays same or 10% less, I would actually go for it. Because in the long run I may move up to director/VP level. So maybe money is important as I mentioned, but it's not the only thing.
> So Money is important. You can't keep good, motivated, high performing employees only with a good pay check. But you can't keep them without a good pay check either.
Totally agree.
And if you worth +50% on the market you should really re-evaluate how nice is your manager not paying you that much. It is all 3-5%/year {raises|insults} until you show them a competitive offer, then the parent question gets asked.
Not necesseraly. If I had the chance to move up in my current role and keep the same salary I would stay.
I did apply for a job that actually paid less, but had more responsibility. I guess it's part of planning your career rather than tactically deciding based on money.
So, I'm not done looking, but money is not the only deciding factor.