Exploring Monetary Quit Thresholds of Satisfied Workers: How Much Money Will It Take to Lure Away Happy Employees?

Abstract

The purpose of this research is to identify a monetary threshold at which employees with high job satisfaction scores would leave their current position. As the United States workforce continues to recover and adjust from the effects of the coronavirus pandemic, organizations seek to attract and retain talented employees. Employees that will grant a competitive advantage through efficiency. Keeping workers satisfied is only part of the retention equation, compensating them within an acceptable range of market value is paramount. This paper seeks to identify a monetary threshold at which satisfied employees consider an intention to quit. The primary data of this empirical research is analyzed to show that satisfied employees will consider quitting for a salary increase of at least 20 percent.