In Jeff Bezos’ annual letter to shareholders, the Amazon.com CEO and founder revealed an interesting program that pays workers at the company’s warehouses to quit.
Yes, that’s right: Amazon gives money to those who jump ship.
“Pay to Quit,” an idea born at Amazon-owned Zappos.com, was put into place to get rid of employees who don’t actually want to be working at Amazon.
Here’s how Bezos explains 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.
Bezos also noted two other “employee empowerment” programs: Career Choice, in which Amazon pays up to 95 percent of tuition for courses related to in-demand fields, and Virtual Contact Center, which allows Amazon’s customer service employees to work from home.
Read Bezos’ entire letter to shareholders here.