If working in the Amazon fulfillment center is not so fulfilling for you, you have a way out. The company might pay you $5,000 to quit. Say what? You see, Amazon has a serious problem with employee turnover. The second worst turnover rate of any of the Fortune 500 companies in fact.
This is their way of making sure they get employees who really love their job. The $5,000 payout isn’t offered right away. Early on, it’s just $2,000. Each year an employee stays, the amount increases by $1,000. In year four, you have a chance to quit for $5,000. Bezos wants his employees to really evaluate if they are in it for the long haul.
Bezos believes that this will strengthen the Amazon team. He wants workers to turn the offer down, not take it. Workers who really want to be there tend to work harder for a company. Those who leave are replaced by others who are hopefully more serious. This should create an all-star team. Zappos implemented a similar strategy a few years back and less than 3% actually take the money and run. It seems like a good move.
Source GeekFiled Under: Technology News