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.
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.