Compensation compensation compensation. Companiesnever value their current employees high enough. The guy who's been here for 3 years? His institutional knowledge is almost priceless. And yet, changes are, he can get a 15% pay bump by taking a new job. You should be paying him 15% above market and be happy about it. Maybe this is just the Boston area, but I have never left a job without making 15-20% more at the new job, and I'm no rock star.
And yes, don't expect people with lives to work crazy hours, but usually we just self select ourselves out of those jobs, because they're a bad fit. I suppose if you go from single to married and/or having kids, you might be stuck.
The only one I really agree with is loss of confidence, but even then, if I'm paid well, I'll probably be too lazy to go somewhere else, unless I start thinking working at the company is actually detrimental to my resume (which has happened to me once)
I think the problem is companies hire for say a web developer II position and assume after hiring they can stick to COLA (inflation) raises. Except, after three years truthfully they are now a web developer III which is a promotion and 10 to 15% increase. Since they have only been doing COLA raises (2 to 3%) it catches them and there budget by surprise. Just give 5% every year and don't worry about the cognitive dissonance you'd (the mangers) face. (I think managers have cd because they have rationalize why all of a sudden someone should be compensated 10% more when nothing much changed between yesterday and today. They need to see, think, and spread out the increase over a large period of time. Knowledge of existin outg systems doesn't happen in a day. Pay them more as they learn and know more.)
And yes, don't expect people with lives to work crazy hours, but usually we just self select ourselves out of those jobs, because they're a bad fit. I suppose if you go from single to married and/or having kids, you might be stuck.
The only one I really agree with is loss of confidence, but even then, if I'm paid well, I'll probably be too lazy to go somewhere else, unless I start thinking working at the company is actually detrimental to my resume (which has happened to me once)