Hate your job at Amazon? No worries because the online retail giant will literally pay you to quit. Jeff Bezos, Amazon’s CEO, is implementing a new program and it’s called “Pay to Quit,” Time reports. How’s $5,000 sound for a parting gift?
It may seem counterintuitive to pay your employees to leave, but there’s a method to Amazon’s madness. The e-commerce titan wants to make sure that its employees are actually satisfied with their position. A recent study finds that happy workers are 12 percent more productive than their somber counterparts. So paying a little money (by Amazon standards) through a Pay to Quit program isn’t as nutty as it seems.
“The goal is to encourage folks to take a moment and think about what they really want,” Bezos reveals in a letter to shareholders. “In the long-run, an employee staying somewhere they don’t want to be isn’t healthy for the employee or the company.
Under the headline “Please Don’t Take This Offer,” Amazon will dangle up to $5,000 in front of its associates, each year, for those ready to jump ship. “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,” Bezos added.
This isn’t exactly a new idea. Zappos, the online shoe and clothing store that Amazon acquired in 2009, first adopted the strange policy. At Zappos, the Pay to Quit program has been working out quite well, according to a Harvard Business Review post. Apparently, unmotivated and unproductive workers cost a lot more than simply paying an uninspired employee to just take his or her money and get the heck on!
“Zappos wants to learn if there’s a bad fit between what makes the organization tick and what makes individual employees tick–and it’s willing to pay to learn sooner rather than later,” HBR wrote.
Amazon’s new policy, as described by Bezos, is a “better way to do things internally.”
As of the end of last year, Amazon had 117,300 full and part-time employees. The online retail giant pays its workers earn an average of $12 an hour, according to CNN Money.