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One of the best bosses I ever had once told me that people will stay for the culture but leave for money. His philosophy was to try and ensure that money was not a factor in people’s decision, then build as good a culture as he could.
And to be clear, by making money not a factor, I mean he paid well.
I had a meeting years ago with my company’s CTO about my salary. He kicked off the meeting by saying “you care a lot more about what you make than I do” which prompted me to ask for 50% more than I had been planning to ask for. He agreed to it without argument. TBF he was a coke addict married to the daughter of the company’s owner and within six months he’d been divorced and fired, but I got to keep my salary.
Was his name Keith?
Phillip. Of course, we knew him better by the name his eventually ex-wife gave him on Facebook: “Ol’ Three Inches Two Minutes”.