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Surely the generous pay is the biggest factor for retention? Competition is ill defined in the labor market because people aren’t fungible. So it’s hard to rea

Surely the generous pay is the biggest factor for retention? Competition is ill defined in the labor market because people aren’t fungible. So it’s hard to really point to hard evidence, so and so practice leads to so and so change in salaries or increase in retention. Aside, nobody said this guy was looking for a low paying job. High paying ones want leetcode. Google will pay a higher salary to a 21 year old than a Miami firm will pay to someone with 10 years of experience. Nobody will ask you these puzzles outside of ~5 markets in the US. They also pay way less.

benrbray 6y ago
Anecdotally I would say job satisfaction is at least as important a factor in retention, at least until employees are old enough to have started a family. Many young people (age 20-30) I know are in a situation where they are paid large sums of money ($100k-$200k) for extremely dull work. I've seen most of my friends from college quit their FAANG job in search of something more fulfilling, often at a 50% or more pay cut.