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Would You Quit Your Job for $5K?

Would You Quit for $5K?

This is what Amazon asked its warehouse employees last year. Even new employees could receive $2K to leave the company.

The "Pay to Quit" program was offered to 40K of Amazon's warehouse employees across the nation from its nearly 100 locations.

Fewer than 10% of the employees took the offer.

Are They Crazy?

Some might think that Amazon's CEO, Jeff Bezos, was a bit odd for making this offer, but he wants employees at his company who want to be there. Even if it were 400 employees who took the offer, and it were to cost the company several million dollars to do so, Bezos feels that the benefit far exceeded the cost of doing so.

Why It Works

It works in many ways, because it gets the disgruntled employee out of the company so that people who are happy are not influenced by the negativity. When they accept this small severance, it saves the company on unemployment insurance costs. The benefit is far-reaching on many levels, and it opens up more opportunity for new workers.

Some employees will take the money without thinking twice. They may think short-term and want instant-gratification. They might leave for a couple of thousand of dollars. However, using dollar signs to drive a way of thinking may cloud one's judgment. It is important to step back momentarily to think about the long-term effect of the decision.

Is It a Good Idea to Leave?

There are times that jobs simply are not a good fit. This severance pay would be the equivalent of one to three months of income, which might give someone just enough breathing room to find something or somewhere more suitable.

But even at a fair low wage of $12 per hour, would it be worth leaving? One of the benefits of working at Amazon is stock option.

How many of us outside of the Amazon company would take-the-money-and-run? How many would stay with the company? I would be inclined to stick with it.

Source: money.cnn.com/2014/04/11/technology/amazon-pay-to-quit/index.html?iid=s_mpm


© Copyright 2015 - Coral Levang. All Rights Reserved.

Adapted from article previously written and published April 14, 2014 on Bubblews.com, and removed by author.
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Image Credit » https://pixabay.com/en/high-bay-stock-range-warenlager-408222/ by delphinmedia

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Comments

LeaPea2417 wrote on June 26, 2015, 1:21 PM

It would depend if I liked the job or not, if I felt the job was for me. I do know if I didn't like it, 5 thousand dollars could really help pay some of my bills, so I would take it.

CoralLevang wrote on June 26, 2015, 1:32 PM

Of course. I think that is the point of Bezos' decision. I find it interesting that only 10% of the warehouse employees took the offer.

CalmGemini wrote on June 26, 2015, 2:41 PM

No,I think I will be staying there.I would not accept the offer.

CoralLevang wrote on June 26, 2015, 2:57 PM

I know people who have worked for Amazon. I hear the same reviews.

CoralLevang wrote on June 26, 2015, 2:58 PM

Unless it was a place where I was so unhappy and it was a way "out," I would not leave either.

maramadalina wrote on June 26, 2015, 3:33 PM

I like my job and and I would not quit my job . But there are many people who don't like what they do so it's better for them to take the offer.

CoralLevang wrote on June 26, 2015, 3:38 PM

It's better for the company, too, because I would not want the "bad blood" spreading more angst. Get rid of them.

Bensen32 wrote on June 26, 2015, 7:16 PM

Yea depends on if I like the job, is the pay good and most importantly how they treat their employees. my last job I would of took the money before they could finish the question.

paigea wrote on June 26, 2015, 8:33 PM

I would take the money only if I absolutely knew I had a new job.

wolfgirl569 wrote on June 26, 2015, 10:37 PM

5K is not enough to leave even a lower paying job if you have a decent amount of job security there.

CoralLevang wrote on June 27, 2015, 12:11 AM

Bensen32 It all depends on many circumstances. I wonder if anyone here at PP has worked for Amazon and has knowledge or the experience of it.

CoralLevang wrote on June 27, 2015, 12:12 AM

paigea The money would tie one over for a few months in order to find a new job, however. At least for a little while.

CoralLevang wrote on June 27, 2015, 12:14 AM

wolfgirl569 If I absolutely felt that I could not handle working there (bad fit), then I would take it. It would light a fire under my behind to find something new.