Amazon offers employees $5K to quit

AMAZON

If your boss offered you $5,000 to quit, would you take the money and run? Well, that’s exactly what Amazon is doing.

The Pay to Quit program is designed to make sure employees really want to be there.

But the program is only available to warehouse employees.

Amazon is in the process of adding jobs, so this isn’t about reducing the workforce.

The internet giant makes this offer once a year.

At first, employees are offered $2,000 to quit their jobs and it goes up $1,000 a year until it hits $5,000.

The program was started by Zappos.com, an Amazon subsidiary that sells shoes and other apparel. Amazon purchased Zappos in 2009.

From Amazon’s SEC filing:

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.

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