Earlier quoted context omitted.
> he was one of those people making easy SV money Yet what I see most of the time is that organizations exploit employees' passion. The more you like your job, the less likely you will leave, so why bother paying you more? I had a moment of epiphany when my manager said to me in a 1-to-1: "You've been very passionate and doing great. Now $competitors are in town, so we will raise your pay by $a-double-digit-number %"…
> "we will raise your pay by $a-double-digit-number %" ... "I will start looking for my next job tomorrow" I've always wondered how much value employers lose via this sort of error. 'Reactive' compensation absolutely does drive people away, for good reason. Retaining employees by matching outside offers is even worse; outside the very highest levels it fosters instability and encourages people to interview elsewhere.…
I suspect nobody can come up with a number that would convince everyone in the chain in a large organization. If that could be done, I wouldn't end up in this situation in the first place.