An Arizona CEO is offering a $5,000 bonus for new hires to quit after just two weeks into their new jobs as part of a unique approach to staff retention as a 'great resignation' sweeps the American workforce.
as part of a unique approach to staff retention as a "great resignation" sweeps the American workforce.
"With today's market, hiring teams have to move quickly to assess candidates and get them through the process to a competitive offer, so it's impossible to be right 100% of the time," Ronzio recently told Business Insider. "The offer to quit allows the dust to settle from a speedy process and let the new team member throw a red flag if they're feeling anything but excited."He explained his approach as a recent report from the U.S.
At the two-week mark, there’s also less loss at risk compared to offering the monetary incentive to quit later when the company has invested more in training the employee. "Those who refuse the $5,000 miss out on something 'extra' at this point in the timeline, because they believe the long-term value of sticking with us is worth much, much more," Ronzio said, explaining his pay-to-quit strategy. "It's a powerful thing for them to turn down the cash, opt in, and commit — and it sets the stage for a great working relationship."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CEO of Mirror Trading International Bitcoin Ponzi Scheme Arrested in Brazil – Regulation Bitcoin NewsJohann Steynberg, who is on Interpol’s wanted list, was apprehended in Brazil's Goiás province by members of the military police. mti exitscam interpol
Read more »
The Crowd That Lifted Up Eventbrite’s CEOJulia Hartz relied on the help of key advisers to steer the ticketing and events-management company through a severe crisis
Read more »
Moderna CEO says fourth COVID-19 shot could be necessaryThe CEO of Moderna says that a fourth coronavirus vaccine shot may soon be necessary due to declining efficacy of booster shots: 'I still believe we’re going to need boosters in the fall of ’22 and forward,' CEO Stephane Bancel said. 'This virus is not going away. We’re going to have to live with it.'
Read more »
Moderna CEO says fourth dose of COVID-19 vax will be needed this fallThe Chief Executive Officer of Moderna said that he anticipates people will need a second COVID-19 booster shot this fall as the vaccine’s efficacy wanes over the next few months.
Read more »
Greubel Forsey’s New CEO Outlines His Grand Plans for the Indie Watchmaker’s FutureHint: more watches, fewer collections and (relatively) lower price points.
Read more »
Here's how much money Apple CEO Tim Cook made in 2021Apple CEO Tim Cook got $98.73 million in compensation in the company's fiscal 2021, not including more than $754,000,000 of shares from an old grant that vested.
Read more »