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And you'll possibly even get talent that is willing to work for your intended price. Good luck.

We haven't had a problem hiring talented people yet.

If we had, that would indicate their price was reasonable and that we needed to change our salary ranges.

Well if the market ever bounces back I think people will be a lot less loyal about leaving places with subpar salaries esp after all the layoffs

My experience has been that salary alone isn't much of a determinate for employee loyalty for the vast majority of people.

If the only reason someone worked for me was because I was willing to pay them the most, I think I'd re-think my entire company culture.

Being paid tip-dollar isn’t the biggest motivating factor for most people.

Feeling like you’re undervalued or being taken advantage of? That’s a huge factor in someone leaving.

Being paid substantially under market? I would feel both undervalued and taken advantage of.