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Skill set is more important than revenue and yes, within reason.
What does this article you posted have to do with any of that?
I’ve been in this situation, particularly earlier in my career when I worked for a boutique firm. Unfortunately we couldn’t always match other offers but I did try to emphasize the additional benefits e.g. wlb, lack of travel, culture, etc.. in the end there is only so much you can do. I also made sure I communicated upwards the reason people were leaving and the impact and cost to our business