Posts Tagged ‘pay to quit’
Thursday, April 17th, 2014
Zappos, the little retailer that grew to be acquired by Amazon.com in 2009, has grown immensely under CEO Tony Hsieh, splitting into 10 separate companies. The company is a financial success. Additionally, its fame rests on a quirky corporate culture in its humane approach to employees. See these unique core values.
One unique Zappos practice was to offer employees $1,000 to quit on their 90-day anniversary of joining the company. Tim Sackett, an irreverent HR writer who understands the best and worst of HR, astutely pointed out that few corporations are bold enough to make such an offer for fear the good talent will walk. No guts in the HR dept. or confidence in the perceived quality of the workplace culture makes chickens of C-suite dwellers was his point.
Five years after the acquisition, Amazon will adopt the Zappos practice of offering Pay to Quit.