Put Your Money Where Your Mouth Is
Zappos offers to pay new employees a $2,000 bonus, plus time worked, to quit after completing orientation. The practice, CEO Tony Hsieh's idea, began in 2005, with a $100 offer. "Our training team had gotten good at figuring out who wasn't going to make it, and we were thinking, ‘How do you get rid of those people?’" says Hsieh. Paying them to quit saves the company money by weeding out people who would jump ship anyway and allows those who remain to make a public statement of commitment to their new employer. In 2007, 3 percent of employees took the offer to leave and only 1 percent in 2008.