Amazon pays employees up to $5k to quit: 4 things to know

Once a year, Amazon offers employees at its fulfilment centers up to $5,000 to quit, but on the condition that they can never work at Amazon again, according to CNBC.

Here are four things to know.

1. Amazon's Pay to Quit program offers $2,000 to employees who have been with the company for one year and want to leave, and increases that by $1,000 per year with a cap of $5,000.

2. The practice began when Amazon acquired online shoe retailer Zappos in 2009. Zappos began the practice with a $1,000 quitting bonus for new employees in their first few weeks with the company.

3. "We want people working at Amazon who want to be here," Amazon spokesperson Melanie Etches told CNBC. "In the long-term, staying somewhere you don't want to be isn't healthy for our employees or for the company."

4. Michael Burchell, a workplace culture expert, says the program weeds out disengaged employees and helps establish a positive mindset for employee engagement. "If you choose to actually not take the money and you choose to stay, it means that you're committed to the organization and committed to your work," Mr. Burchell told CNBC. "It helps to frame the employer/employee bargain or that psychological contract."

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars