Bezos and Amazon Will Pay You $5,000 to Quit Your Job #HR #smallbiz

Image courtesy of Amazon

In a Harvard Business Review blog post examining this practice at Zappos back in 2008, author and Fast Company co-founder Bill Taylor says the quit money (it was $1,000 per employee back then) worked out costing less than the online shoe retailer would have lost if unmotivated employees put the brakes on its fast-paced corporate culture. “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,” Taylor says.

In Amazon’s case, the aim is the same. “The goal is to encourage folks to take a moment and think about what they really want,” Bezos explains. “In the long-run, an employee staying somewhere they don’t want to be isn’t healthy for the employee or the company.”

via Amazon Will Pay You $5,000 to Quit Your Job | TIME.com.

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About

Jim Woods is president of The Jim Woods Group. A management consulting firm. Go here to see his work www.jimwoodsgroup.com. He advises and speaks to organizations large and small on how to increase top line growth in times of uncertainty and complexity. Some of his speaking and consulting clients include: U.S. Army, MITRE Corporation, Pitney Bowes, Whirlpool, and 3M. See more at his website www.jimwoodsgroup.com.

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