This is so outrageous that it feels like satire.
Please tell me it’s satire.
Think of the last job you quit. Would a 5% raise change anything?
A ping pong table is an asinine thing to give, but the point of “more money doesn’t make you stay” has been proven by many studies.
When you quit a job because it doesn’t pay enough it’s not a matter of a small raise, it’s a normally a big jump in pay. Until you get to substantial raises, like 10-20k a year, you aren’t really worried about the pay as much as your direct supervisor and the work load. A bump from 60k a year to 61k a year won’t make you stay in a job you hate. 60k to 100k might, but that’s not just a raise, that’s a different class of pay.
At the pay rates you mentioned in the last few sentences I could see your point, but if you are making say 30 - 35k per year, a raise of almost any kind would make a difference. In my last job I quit because they were not willing to give me a raise (I was asking for around 42k) which seemed fair to me because the type of work I was doing was incredibly stressful and it was having an affect on my mental health. I was breaking out in hives from stress, which was exacerbating my eczema (I have sensitive skin). I had a long talk with management about what I was going through and how I felt this job deserved more pay. I told them what it would take to keep me and they declined. Despite my work ethic and effort and willingness to go out of my way to make sure the work got done each day, they would not budge. I told them I wasn’t surprised by their revolving door there and I kindly submitted my resignation. I would have stayed with the raise because I could have done a fair bit with that money, i.e. more doctor visits to manage my skin condition, put away money for the future to buy a house or replace my 20 year old vehicle, etc. I live in a low cost of living are so it would have made a significant difference in my quality of life. It’s been a few months since I quit and what I do now is lower stress but it only pays the bills. The money may not matter to the extent that I can pay my bills, but I live paycheck to paycheck and I’m trying not despair; that I will find a job that helps me meet my goals and helps me to achieve a happier life style.
1.) A 5% raise doesn’t even cover inflation.
2.) No one who is serious about wanting a pay raise to stay is asking for an 67% increase in pay.
3.) Leaving because of pay is typically because someone is offering substantially more money/better benefits for a similar position.
4.) You have it backwards you definitely worry about raises in pay, especially before you get a raise of $10-20k.
5.) As someone who has made 60k/yr a raise of 6-10k would be more than enough incentive to stay. It would easily outpace inflation and reward someone who is doing well.
This isn’t me just saying stuff.
https://www.payscale.com/research-and-insights/employee-turnover-pay-raises/
The long and short of this is that getting a raise doesn’t stop someone from looking for a new job or increase satisfaction with the company. Worse, if you ask for, say $10 more and hour and they give you $8 you are less happy than if you get no raise.
Paying people well is important, and people say it’s a primary motivator, but it isn’t as important as they think. Bad bosses, bad work environments and unsatisfying work are bigger factors than pay raises.
I used to work at Walmart. For a long time I thought better pay would make the suffering worthwhile and for a while it did. But eventually the complete breakdown of management (salaried to be exact, I was an hourly supervisor) and processes due to an over focus on Online Grocery Pickup, made me even more miserable. I left for a more fulfilling job where, for a while, I was making less money (more per hour, but less due to not working a full year).
No amount of money would ever sway me to go back to retail, but if it was just a money issue, I may not have left.
First, there’s no mention of size of pay adjustment here. Second, sure, your point is valid, but in the context of this post, let’s not be ridiculous. This is a multiple-choice question, so sometimes you need to rank options and choose the best. No same person is more likely to stay at a company because of a ping-pong table in lieu of a better salary. Now if they’d said
An employee appreciation program, which includes such things as free meals and a recreation room with a ping pong table
that would be a different story. But as-is, it’s ridiculous.
but in the context of this post, let’s not be ridiculous
It says a pay raise, not new pay bracket. A 10% raise is substantial, and likely not enough to keep someone. The number one reason people leave a job is their direct supervisor.
To be absolutely clear a ping pong table won’t make you stay with a job. A work place that’s more relaxed and a boss that doesn’t yell at you for taking 5? Maybe a workplace where you enjoy spending time with your coworkers? That’ll do it. The idea is HR can to help nudge towards type of change It doesn’t work and is stupid, but that’s the thinking.
And there are times a small raise will keep an employee, there are times more responsibilities will keep an employee. This is a poor question in general.
No same person is more likely to stay at a company because of a ping-pong table in lieu of a better salary.
I can see the office wide email now:
“To all employees, there is now a pingpong table in the break room for use during your lunch break. You may not be on the clock while using it. It is not to be used from the hours of 10AM to 3PM.”
