I think raises lose effectiveness if someone is a lone job-hopper with no serious investments anyway (house, car, family). An appreciable raise would be $5k, and surely you can onboard someone, ignoring their salary, for less than that as long as you aren't purchasing new equipment. Money is just not an effective cure for boredom.
You really don't want bored people on your team long term. Often technical debt goes unrealized for years, which a bored programmer is likely to produce more of. A dedicated hiring manager is not going to be paying off technical debt directly.
You really don't want bored people on your team long term.
Most commercial programming work is boring. But that’s because most work full stop is. There are things that aren’t fun but need to be done anyway. That’s why it’s called “work” and you are paid a salary for it. You could be sweeping the streets or mining coal or packing meat. Most programmers don’t realise how lucky we are that there is even a fraction of our work that is actually so fun we’d almost do it for free...
You really don't want bored people on your team long term. Often technical debt goes unrealized for years, which a bored programmer is likely to produce more of. A dedicated hiring manager is not going to be paying off technical debt directly.