Would you pay employees to quit?

Amazon will pay an employee who wants to quit up to $5,000 to leave.

The strange deal is outlined in CEO Jeff Bezos’s annual letter to shareholders.

Read: Healthy staff equals healthy business

The program, called Pay to Quit, is an employee empowerment initiative. It was invented at Amazon owned online shoe store Zappos.

Once a year, Amazon offers their employees money to quit. The first year the offer is made, it’s worth $2,000. It goes up $1,000 a year until it reaches $5,000.

“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,” Bezos writes.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.