In our CareerXroads July Bellwether that goes out to Colloquium members we noted that
"after an initial 4-week onboarding, Tony Hsieh, Zappos�?? president, offers each new hire in their Las Vegas headquarters a $1500 bonus�?� if they�??ll quit�?� and 2-3% of their new hires actually take the offer and leave.
The idea is if the new employee realizes they made a mistake, they can get some coverage while they look for that new job. Employees to stay- choose to. Zappos does about $1 billion in online shoe sales and has 1600 employees."
Afterward, Heather Hamilton, one of Microsoft's staffing leaders riffed on the note and offered some excellent insights in her blog, One Louder.
Filling Up at Jobing
We also couldn't overlook the innovation in "pay" which afforded
"Jobing.com more press in the past two months than the largest job boards combined. The upstart firm (with a huge presence at the 2008 SHRM conference) was founded by Aaron Matos and gives new employees (after an initial period) a free car and free gas. The cars are wrapped with Jobing�??s logo and are essentially mobile bulletin boards. "
While the cost of the benefit is expensive- until you think about the millions of dollars in free PR they received during the recent gas hike extolling the company�??s foresight, the idea that a company can reward their employees in ways that fit the exigencies of the moment is worth a deeper look.
Mark and I applaud these two innovative retention concepts.
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