Pages

Wednesday, April 16, 2014

Not Enough!



Amazon offers workers $5,000 to quit

The program starts with $2,000 the first year and rises by $1,000 a year. Why? So only motivated employees stay.

By MSN Money Partner Thu 1:29 PM
Credit: © Rick Wilking

Caption: Boxes from Amazon.com are pictured on the porch of a houseBy Jim Edwards, Business Insider

Here's our favorite part of Amazon (AMZN +1.21%) CEO Jeff Bezos' annual letter to shareholders

He describes how the company will pay Amazon's warehouse workers up to $5,000 to quit their jobs.

The intent of the program is to ensure that Amazon retains only people who really, really want to work at Amazon.

"The second program is called Pay to Quit. It was invented by the clever people at Zappos, and the Amazon fulfillment centers have been iterating on it. Pay to Quit is pretty simple. Once a year, we offer to pay our associates to quit. The first year the offer is made, it’s for $2,000. Then it goes up one thousand dollars a year until it reaches $5,000. The headline on the offer is 'Please Don’t Take This Offer.' We hope they don’t take the offer; we want them to stay. Why do we make this offer? The goal is to encourage folks to take a moment and think about what they really want. In the long-run, an employee staying somewhere they don’t want to be isn’t healthy for the employee or the company."


Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.

More from Business Insider
Tags:AMZN
Post a Comment