Getting rid of employees is sometimes all about saving money, and given the economy’s current state, saving money is vital. A famous shoe seller has gotten into the habit of bribing people to quit, however, and it’s not a terrible idea.
Obviously, this isn’t the thing to do if your company is on the edge of being in or out of business. But as loyalty tests go, Zappos’s approach works.
Bill Taylor writes, "[W]hen Zappos hires new employees, it provides a four-week training period that immerses them in the company’s strategy, culture, and obsession with customers. People get paid their full salary during this period. After a week or so in this immersive experience . . . it’s time for what Zappos calls ‘The Offer.’ The fast-growing company, which works hard to recruit people to join, says to its newest employees: ‘If you quit today, we will pay you for the amount of time you’ve worked, plus we will offer you a $1,000 bonus.’"
A freely given $1,000 bucks will get any person pretty excited. Yet looked at in a more objective light, it’s just two or three weeks’ pay, so a good employee won’t jump ship for that amount.
Consider doing something like this with your company. Even if $1,000 in cash is a bit much, you don’t want to lose important workers just because a competitor offers them an additional nickel per hour.