Businesses think of many ways to support their employees, but one area some may not consider is when a worker could be on their way out. Whether this transition is voluntary or not, some companies are considering having a policy to streamline this process for the staff member.
Last year, we talked about Netflix’s severance policy and how it helped how the online-streaming service get to where they are today: a website with more than 29 million subscribers.
But what if the company’s labor management software finds that some employees aren’t fulfilling their duties? At Amazon, the online marketplace, CEO Jeff Bezos offers them a way out every year with its Pay to Quit severance program, according to the Daily Mail.
Amazon decided to roll out this program after CEO Jeff Bezos saw how effective it was at Zappos, one of the e-commerce companies it acquired, according to the Daily Mail. Pay to Quit gives staff members who want to quit the ability to do so without any hard feelings. In addition, it offers them up to $5,000 to do so. Often times, business owners find themselves with workers who aren’t working to their full potential because they’re unhappy.
“We know that for some of our fulfillment center employees, Amazon will be a career,” Bezos told the news source. “For others, Amazon might be a stepping stone on the way to a job somewhere else – a job that may require new skills. If the right training can make the difference, we want to help.”
The letter is titled “Please Don’t Take This Offer, which also provides workers the option to receive up to 95 percent in tuition reimbursements to “take courses for in-demand fields,” Bezos wrote in a letter to shareholders and the U.S. Securities and Exchange Commission.
Businesses that wish to update any of their policies, including the severance program, can easily do so with HR software solutions.