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Amazon will pay employees $5K if they quit

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Most of us are familiar with company executives having “golden parachutes” when they leave their jobs; lots of stock, money, and bonuses even if they've done a lousy job. But now Amazon is offering its own version in the form of a mini-parachute—quit your job and they’ll pay you up to $5,000.

Pay to quit

The offer you might refuse was first unveiled by Jeff Bezos, CEO of Amazon.com, in his annual shareholders letter, and was revealed according to a report by Yahoo Finance published earlier today.

In short the program is called “Pay to Quit” and is targeted at Amazon employees working in the many distribution warehouse centers sprinkled throughout the nation.

The idea behind this is to give an incentive to employees who aren’t truly happy or fulfilled, so to speak, in their jobs. Basically, happy workers are productive workers, and if you aren’t happy, Amazon isn’t happy with you either.

No hard feelings

By offering cash incentives to employees to leave their posts at Amazon, the company could theoretically save oodles of money from not paying less productive workers (read: slackers).

Amazon will offer $2,000 for a trip through the exit door starting this year. Each year thereafter the amount will increase by $1,000 until the maximum amount of $5,000 is reached and the offer is taken off the table.

Hope you don’t go

Although Bezos is making this offer each year for Amazon associates to leave voluntarily, he also hedged his bets by saying that he hoped his loyal staff would not take the offer.

Bezos stated:

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.

We wonder if Jeff would be willing to throw in a free one-year subscription of Amazon Prime to sweeten the deal...probably not.

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