Does Money Matter?

September 22nd, 2012 by JBWK

An interesting article in the Wall Street Journal highlights not only a technological shift, but also sparks an interesting question: will a raise entice a valued employee to stay?

The article examines complex computer models fed with data from former employees. Looking at the collected data, the computer model will look at why employees leave, and what companies can do to keep them. Importantly, it can also tell employers what won’t work.

A recent study of one large employer found that paying employees at the midpoint of their salary range–a slight bump up–helped keep those employees. But another pay raise past the midpoint didn’t help any more.

So it seems money matters–but only to a point.

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