+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Amazon Pays Its Staff Up To $5,000 If They Quit - No Strings Attached

Apr 10, 2014, 20:36 IST

Amazon Inc.Jeff Bezos

Here's our favorite part of Amazon CEO Jeff Bezos annual letter to shareholders. He describes how the company wil pay Amazon's warehouse workers up to $5,000 to quit their jobs.

Advertisement

The intent of the program is to ensure that Amazon only retains people who really, really want to work at Amazon:

The second program is called Pay to Quit. It was invented by the clever people at Zappos, and the Amazon fulfillment centers have been iterating on 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.

You can read the entire letter here.

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article