> "Most engineers prefer feeling appreciated over having a ping-pong table."

Truer words have never been spoken. Note the OP put the word "Most" in there. Sure... there are a few ping-pong fanatics, but not as many as there are humans who like an emotionally fulfilling work environment.

A related sentence I've uttered is "Most engineers prefer more control over their daily tasks than cash bonuses." But again, the word "Most" is doing a lot of heavy lifting here. My experience is no more than 25% of devs will trade cash for micro-management. YMMV.