>Also, studies seem to find that money doesn't motivate people to perform at a higher level.
What that really means is that if you're paying $200k now, bumping to $250k isn't going to make your workers more productive. However, if you're paying $200k now and you cut the pay to $180k, and your competitors are offering $230k, your best performers are still going to jump ship.
What that really means is that if you're paying $200k now, bumping to $250k isn't going to make your workers more productive. However, if you're paying $200k now and you cut the pay to $180k, and your competitors are offering $230k, your best performers are still going to jump ship.