Pogosticking is NOT a Ranking Signal for Google
According to Googler John Mueller, what’s known as "pogo-sticking" isn’t something Google uses as a ranking signal.
"Pogo-sticking" is the term that describes when a user clicks on a link in search results, quickly clicks back after landing on the page and then clicks on another search result.
The result is a user bouncing back and forth between pages in search results.
For a long time — years, in fact — site owners and marketers thought pogo-sticking was used by Google as a way to gauge a page’s relevance to a query and user experience, therefore impacting its rankings.
This is not the case.
Here’s the Google Webmaster Hangout where John’s asked about pogo-sticking (although the questioner doesn’t use that phrase):
John’s explanation makes a lot of sense. Users might move back and forth between search results or leave a page right after arriving for all sorts of reasons that have nothing to do with quality or relevance.
What’s this Mean for Your SEO?
Basically, as John says in his answer, don’t worry too much about pogo-sticking for individual pages and how that will impact your rankings.
That doesn’t mean that you should dismiss bounce rates and time on site out of hand, though. Low time on site, extremely high bounce rate and low pageviews per session are metrics worth tracking for insights into user experience and audience engagement.
They still give you an idea of whether or not your website and content is high quality and useful.