Knowing when to quit your job is never an easy thing to figure out. Amazon has recently taken an interesting approach by offering up to $5000 to employees who want to quit. Would you take it?
Photo by Quinn Dombrowski
The idea behind the policy is that if an employee is willing to accept up to $5000 ($1000 per year of employment for up to five years) to leave their job, they’re probably not happy with their long-term prospects at the company anyway. According to Amazon, roughly 2-3 per cent of employees accept the offer. While Amazon would obviously prefer employees stay, weeding out the unhappy workers can help boost overall satisfaction for all parties. We saw a similar idea from Australian salary packaging company SmartSalary last year.
The rest of us will probably never have this option available to us, but it makes for an interesting thought experiment. Let’s set aside outlandish and obviously ridiculous scenarios. If your employer came to you today and said they’d give you a couple of months pay to leave the company, would you do it? Your answer may help you figure out just what the right career choice is for you.
If You Work for This Online Retail Giant, They will Pay You — To Quit [Money Ning]
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3 responses to “Would You Leave Your Job If Your Employer Paid You To Quit?”
Netflix does something similar as well. They have a lot of interesting and thought provoking HR policies. http://hbr.org/2014/01/how-netflix-reinvented-hr/ar/1
In Australia you would be a sucker to fall for this. A voluntary redundancy would be worth a lot more for most people.
I think the whole point of this is not that it is a redundancy, but an incentive for people who don’t want to work at the company anymore. Their other option isn’t redundancy, but to continue working at the company.