Zappos paying employees to quit daily mail
A great topic!
Yes, you're referring to the infamous "Pay Your Employees to Quit" policy of Zappos, a popular online shoe and clothing retailer. This policy was first reported by The Daily Mail in 2013.
In 2013, Zappos' CEO Tony Hsieh announced that the company would offer departing employees a $2,000 bonus to quit their jobs, as part of an effort to create a more positive and fulfilling work environment. The idea was to encourage employees to leave voluntarily, rather than being forced out or staying out of necessity.
The policy was seen as a bold move, as it went against traditional HR practices that often focus on retaining employees at all costs. However, Hsieh believed that by allowing employees to leave, Zappos could attract and retain top talent who were motivated by more than just a paycheck.
The policy was designed to achieve several goals:
- Reduce turnover: By offering a financial incentive to leave, Zappos aimed to reduce employee turnover and the associated costs of recruiting and training new staff.
- Improve employee satisfaction: By giving employees a sense of control over their careers, Zappos hoped to increase job satisfaction and reduce stress.
- Attract top talent: The policy was seen as a way to attract highly skilled and motivated employees who were looking for a more fulfilling work experience.
While the policy received widespread media attention, it's worth noting that not all employees were eligible for the bonus. The offer was only extended to employees who had been with the company for at least a year and had a good performance record.
In the end, the "Pay Your Employees to Quit" policy was seen as a successful experiment by Zappos, as it helped to reduce turnover and improve employee satisfaction. The company has since continued to prioritize employee well-being and satisfaction, and has been recognized as one of the best places to work in the US.