Loyalty means nothing as an employee now (and for a while) in the same way that existing customers don't get the perks that new sign-ups get. Employees are being viewed more and more the same way as customers; is this an extension of "if all you have is a hammer, then every problem looks like a nail"? It worked for customers, which are people, why can't it work for employees since they're also people and therefore afflicted with the same psychological pressure points.
It's all a calculation of the individual status: Is their leaving going to cost them more than staying for a lower-than-CPI "raise"?
The "churn" cost to the company doesn't seem to be a KPI in most places. "Seat-filled = seat-filled" may be the equation, with no preceding multiplier as to the knowledge or expertise held in each seat.
A persistent, rolling wave on the sea of fiction that eventually breaks on the shores of the gritty-sanded beach of experience behind the dunes of which is built the school of hard knocks.
I once had an offer that was 20 percent higher than the current salary I received at that time. I passed on it. I valued working with my coworkers more.
I have a standard of living that is fine by me. I do not complain. My SO was able to go back to university and we still have our house, are able to pay the mortgage, put aside play and emergency money.
Sure. I could already make more money. But to what end? What should I do with it? I would probably increase the amount of money I donate as I did with every raise. I would put more into my retirement fund. Other than that? I would probably buy more crap.
Why should I care about theoretically making millions more (or hundreds of thousands in Germany to be more realistic). I enjoy the fact that I can trust in my colleagues offering help and trusting my knowledge and my opinion. We know each other well enough to trust each other and have a good relationship. We can be vulnerable with each other.
Something I did not have before.
Why would I throw this away just because I theoretically could make a few bucks more?
Wow. I just realized why I value my team/environment so much (and believe me, there are a ton of things I am unnerved about at my current job regarding processes from the parent company).
Not to be snarky but... "millions"? the answer is right there in your question. You are making it seem like getting that extra money is going to cost OP their health or family, when in reality, the higher paying job will likely have better WLB and more interesting technology.
Yeah. Exactly.
Why should I want to earn millions while doing something I despise. As if money was worth living against my values. Not everybody buys into this ideology.
I actually don't do things purely for monetary reasons. Gladly my parents instilled some better values in me.
To be clear - I definitely have no problem with earning money. I absolutely like to make money if it coincides with my values. But only then.
So there goes some of the the reasons I am not working there.
I’m the kind of person who has eaten the same breakfast since I was 13. I have 5 of the same shoe as I don’t want to have to find another new kind of pair. I like rules and consistency and knowing a system well.
But if I don’t, I will end my career millions of dollars poorer.
Essentially as soon as I am comfortable in an org, I have to leave unless I want to forsake a big chunk of money.