04-11-2014, 12:11 PM | #1 | |||
Grand Sorcerer
Posts: 11,732
Karma: 128354696
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000
|
Amazon pays workers to quit, no strings attached
From Amazon's letter to shareholders, cited here:
http://www.thepassivevoice.com/04/20...ched/#comments http://www.sec.gov/Archives/edgar/da...2518dex991.htm Quote:
Quote:
Good for agoraphobics. Quote:
|
|||
04-11-2014, 12:23 PM | #2 | |
Grand Sorcerer
Posts: 11,732
Karma: 128354696
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000
|
Some of their MayDay users have...interesting... queries:
Quote:
|
|
Advert | |
|
04-11-2014, 12:26 PM | #3 |
Force-Aware Elf
Posts: 4,757
Karma: 11557898
Join Date: Feb 2014
Location: Valinor
Device: Kindle 4 w/SO
|
|
04-11-2014, 12:54 PM | #4 |
Wizard
Posts: 2,240
Karma: 5759170
Join Date: Jun 2011
Location: Near Dallas, Texas, USA
Device: iPad Mini, iPod Touch (5th gen)
|
|
04-13-2014, 06:06 PM | #5 |
occasional author
Posts: 2,314
Karma: 2064403292
Join Date: Sep 2011
Location: Wandering God's glorious hills, valleys and plains.
Device: A Franklin BI (before Internet) was the first. I still have it.
|
Reminds me of "The Andromina Strain, 1971." -- The elevator voice.
|
Advert | |
|
04-14-2014, 11:56 AM | #6 |
Philosopher
Posts: 2,034
Karma: 18736532
Join Date: Jan 2012
Device: Kindle Paperwhite 2 gen, Kindle Fire 1st Gen, Kindle Touch
|
They aren't really encouraging them to quit, they are encouraging them to stay. If you're somewhat unhappy at Amazon and considering quitting, you might be motivated to stay just a few months longer to get the higher bonus for quitting. An employee might think "I'd like to quit, but if I quit now, I'll get $2,000. If I stay for just a couple months more, I'll get $3,000. I'll wait a few months to get the $3,000." A few months roll by, and maybe the employee isn't as motivated to quit as they were a few months ago. So they stay a little longer, and again, they are faced with the same situation: quit now and get $3,000, but wait a few months and get $4,000. That works up to 5 years, where it tops out at $5,000. At that point, the employee no longer has an incentive to stay longer, but if they have been there for 5 years, they are more likely to have "bought in" to the company, and with five years of experience, the job may be more enjoyable than an entry-level job.
This can also make people feel better about their jobs. If they are turning down free money in order to stay at their job, they may be more likely to feel that their job is a good job. After all, if the job is bad, why aren't they taking the free money and quitting? The reality may be that jobs can be hard to find, it's a bother to look for jobs, and the new job may not be sufficiently better to justify the bother. |
04-14-2014, 12:38 PM | #7 |
Grand Sorcerer
Posts: 11,732
Karma: 128354696
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000
|
At a starting salary of $11.50 an hour, the money adds up to five weeks severance pay.
So unhappy workers need to decide what their odds are of finding a similar paycheck in a month's time. (Of course, some younger people living with their parents might survive as much as six months on the minimum deal.) The tuition deal is more interesting because it is so open-ended and better suited to younger employees. I hear BOEING offers a similar deal to their employees. Both are good employee retention tools. Last edited by fjtorres; 04-14-2014 at 12:40 PM. |
04-14-2014, 12:49 PM | #8 | |
Award-Winning Participant
Posts: 7,318
Karma: 67930154
Join Date: Feb 2010
Location: NJ, USA
Device: Kindle
|
Quote:
So, this is 5 weeks more time than they'd get if they quit most similar jobs. Hopefully if you're unhappy and considering leaving your job, you already have a plan, if not another job lined up. |
|
04-14-2014, 01:31 PM | #9 |
Guru
Posts: 655
Karma: 2877892
Join Date: Dec 2010
Device: Kobo Touch, KFHD7, GTab 8.4 Pro, iPadAir 2
|
I suspect that layoffs are coming in the future.
Corporations often offer a separation package for employees to voluntarily quit before they enact layoffs. Employees who voluntarily quit and receive a separation package are not eligible for unemployment insurance. Laid-off employees are. Contrary to what Amazon's letter to stockholders claims, this idea was not "invented" by Zappos. It has been a regular practice in the corporate world decades before Zappos was founded. |
04-14-2014, 01:39 PM | #10 | |
Award-Winning Participant
Posts: 7,318
Karma: 67930154
Join Date: Feb 2010
Location: NJ, USA
Device: Kindle
|
Quote:
|
|
04-14-2014, 01:48 PM | #11 | ||
intelligent posterior
Posts: 1,562
Karma: 21295618
Join Date: Mar 2009
Location: Ohiopolis
Device: Kindle Paperwhite 2, Samsung S8, Lenovo Tab 3 Pro
|
Quote:
Quote:
|
||
04-14-2014, 03:32 PM | #12 | |
Grand Sorcerer
Posts: 11,732
Karma: 128354696
Join Date: May 2009
Location: 26 kly from Sgr A*
Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000
|
Quote:
That's what makes this program notable; you get a reasonably generous payout when you aren't entitled to one by law. It's more of a psychological prod to get workers to ask themselves if they really want to stay. |
|
04-14-2014, 03:51 PM | #13 |
Member Retired
Posts: 3,183
Karma: 11721895
Join Date: Nov 2010
Device: Nook STR (rooted) & Sony T2
|
It would make far more financial sense to lay off those staff and off-shore.
|
04-14-2014, 04:08 PM | #14 |
Award-Winning Participant
Posts: 7,318
Karma: 67930154
Join Date: Feb 2010
Location: NJ, USA
Device: Kindle
|
|
04-14-2014, 07:19 PM | #15 |
Enthusiast
Posts: 45
Karma: 569896
Join Date: Apr 2010
Device: None
|
In California, if you quit, its very difficult to get unemployment benefits. So to me, it just wouldnt be worth it.
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
A freebie for Canadians, with big strings attached. | ardeegee | Deals and Resources (No Self-Promotion or Affiliate Links) | 12 | 04-10-2011 09:53 PM |
Free Book (Kindle) - Strings Attached | koland | Deals and Resources (No Self-Promotion or Affiliate Links) | 1 | 05-24-2010 08:35 AM |
Free (strings attached) Douglas Clegg novel | curtw | Deals and Resources (No Self-Promotion or Affiliate Links) | 4 | 10-22-2008 11:15 AM |
Science Fiction Garrett, Randall: With No Strings Attached. V1. 8 Jan 2008 | Xenophon | BBeB/LRF Books (offline) | 0 | 01-08-2008 05:09 PM |