I see your point. I've had to deal with this a lot. "Hedge fund X is paying someone 2x what I'm getting today for a technology job."
ok... You may be worth more to them. You may also be working 50% more hours, and you may also be getting paid daily, and not getting benefits, social security contributions, and the like.
IT's very frustrating. Ultimately I try to screen for "Money is the most important thing in my life" during interviews, and then if I have folks like this working for me, I encourage them to chase the better dollar.
You can't stay in business chasing the best offer away for each and every employee.
Your last sentence is the best advice to give to any company in this market. My dev shop is doing just fine and I'm not paying anywhere near what I'm constantly told the "market" is. I wish I could but then I wouldn't have a business.
When my best engineers want to move on to bigger and better things I support them. It would be nice to keep them of course but I'm honest enough with myself to know that I don't need the type of engineers that can get a job at Google.
My retention rate with my "adequate" engineers is very high. Most of the ones that I know have complained about money find out that it's one thing to see jobs that pay $$$$ and another thing to actually get those jobs.
ok... You may be worth more to them. You may also be working 50% more hours, and you may also be getting paid daily, and not getting benefits, social security contributions, and the like.
IT's very frustrating. Ultimately I try to screen for "Money is the most important thing in my life" during interviews, and then if I have folks like this working for me, I encourage them to chase the better dollar.
You can't stay in business chasing the best offer away for each and every employee.