[Goesby]

While I agree that money is quite important, but it's not the only thing that matters.

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.

[stunt]

> 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.

[Goesby]

> But as soon as you find a good job with a decent manager that pays 50% more, you are going to leave.

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.

[a_imho]

Money is the best way. Your situation is a different scenario. If you were going to accept the other offer what would it took to keep you in your current one? Money.

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.

[Goesby]

> Money is the best way. Your situation is a different scenario. If you were going to accept the other offer what would it took to keep you in your current one? Money.

Not necesseraly. If I had the chance to move up in my current role and keep the same salary I would stay.

[tonyarkles]

I’m curious, then, why you were interviewing elsewhere. The OP is asking about retaining good employees. You were on the verge of leaving. You didn’t like the environment at the place you looked, but does that mean you’re done looking now?

[Goesby]

I'm looking to move up, i.e manager/team lead. I do like my job currently and there is a really good environment. I get to work from home, the work/life balance is quite good.

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.