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More than half of job seekers want raise of higher than 10% to stay with current firm; only 10% of employers willing to offer it to star workers

May 24, 2019

A survey by Express Employment Professionals found that 57% of job seekers said they would require a raise of more than 10% to stay with their current employer rather than accept a new job offer. However, only 10% of employers surveyed said they would be willing to offer a raise of more than 10%, even to a star employee.

“It has never been easier for workers to jump between jobs,” Express CEO Bill Stoller said. “And because workers are so mobile, there’s less fear about leaving a ‘good job’ for a pay increase.”

If a new job doesn’t work out, there are plenty of other employers ready to hire.

“Businesses have to keep their finger on the pulse of the local economy, or they risk losing the talent wars,” Stoller said.

The survey asked job seekers, “if offered a new job, how much of a pay increase would it take to stay with your current employer?” Here is how they responded:

  • 20% said it would take a 16% to 20% raise
  • 19% said it would take an 11% to 15% raise
  • 19% cited a 5% to 10% raise
  • 18% said 21% or more
  • 7% said a raise of 3% to 4%
  • 7% said “other,” noting the would take into consideration the specific job offer and things such as benefits
  • 6% said they would stay without an increase
  • 3% cited a raise of 1% to 2%

Employers were also asked, “if a star employee were offered a job with another company, how much of a pay increase over their current salary or wage would you offer to retain them?” Here is how they responded:

  • 39% said a raise of 5% to 10%
  • 14% said a raise of 11% to 15%
  • 13% said they would not offer a pay increase
  • 11% said a raise of 16% to 20%
  • 9% said a raise of 3% to 4%
  • 7% said “other”
  • 6% said a raise of 21% or more
  • 1% said a raise of 1% to 2%

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Nathan Inama -- Paralegal Accountant05/24/2019 02:49 pm

14 + 11 + 6 == 10 ???

"only 10% of employers surveyed said they would be willing to offer a raise of more than 10%"


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