Quit & Stayed, or Quit & Paid?
If you’re not familiar with the term “quit & stayed”, it is the act of mentally quitting, yet staying in the same physical environment. More specifically, it’s the act of becoming disengaged in the work you complete, whether that’s for a business or just in general.
Chances are that you work with one or more people who have quit & stayed. They are people who show up just for the paycheck. They aren’t passionate about their job. They don’t have the motivation to go above and beyond. In a perfect world, everyone would get paid handsomely to do what they love, but unfortunately, we don’t live in a perfect world. Almost every company and organization has employees who fit into this category.
Amazon recently listed this trend in the annual letter to shareholders from company CEO Jeff Bezos along with a plan to deal with employees who have quit & stayed. The idea behind this plan is that once a year, employees will be offered a payout to quit. Depending on how many years you’ve been with Amazon, you could make anywhere from $2,000 to $5,000 for handing in your resignation. The idea isn’t to create a high turnover rate, but instead, bring in new blood and energy where existing employees may have no interest in maintaining their career with Amazon.
Personally, I’d be curious to know what this does to their turnover rate. Will they see an uptick in the number of employees who move on to other companies? More importantly, are they paying adding unnecessary costs by paying employees to resign who might resign in either case even if they weren’t getting a bonus to do so?
Jeff Bezos says it best: “In the long-run, an employee staying somewhere they don’t want to be isn’t healthy for the employee or the company.” That is one statement I wholeheartedly agree with.
Be sure to take a look at The Ken Blanchard Companies Quit & Stayed Leadership Livecast. You can even view 17 minutes of the Livecast for free.