Why One Company Pays $25,000 to Quit
Unhappy employees cost a company money. So why not get rid of them?
If unhappy employees cost your company money, get rid of them.
And why not pay them to leave?
That’s the view taken by Riot Games Inc., the Santa Monica, California-based videogame maker of popular titles like “League of Legends.” The company announced on June 19 it will begin paying employees up to $25,000 to quit if they’re unhappy within their first 60 days on the job.
5 Good Reasons to Fire an Employee
There are some issues you may not be able to resolve.
Reasons to fire an employee include disciplinary and performance issues that you cannot solve – no matter how hard you try. But, additional reasons exist to fire employees that are not resolvable. Here are five key reasons to fire an employee.
- An employee lacks integrity and you have caught him or her in repeated lies or underhanded actions. Lies by commission, omission, and obfuscation chip away at the trust you have for an employee.
8 Big-Company-Style Benefits At A Small Price
Generous benefits tend to attract top talent.
When Appway opened an office in Manhattan in 2011, the Zurich-based firm brought its European benefits sensibility along.
Employees get basic health care for $42 a month, and the company contributes 6% of workers’ salaries to 401(k) plans regardless of whether the employees contribute anything.
“We believe in generous benefits, respect and dignity for all employees, and a strong emphasis on work-life balance,” said CEO Hanspeter Wolf, by email.
Top 10 Reasons Why People Quit Their Job
Your checklist for talent retention.
Statistics say that 25% of your workforce will quit on you this year.
People quit their job for many reasons. They follow spouses across the country, stay home with children, and go back to school. Those reasons are tough to address by an employer because they involve life events in the employee’s world outside of work.
But the majority of reasons why employees quit their job are under the control of the employer.