Consider implementing an early Resignation Bonus for Employee's that are not making the cut.
Zappos, an Internet shoe retailer, has been offering EE's an early resignation bonus for the past 3 years. Originally, the online company offered $100 to EE's
but, has beefed up the stakes and now offers $1500 to any Employee
wishing to make a run for it. Over the course of the past 3 years 2-3%
of workers voluntarily take Zappos up on their Resignation offer.
Some
may think this is a waste of money, but for those of us that are
familiar with the Gallup Organizations largest worldwide study on EE Engagement know, that allowing disengaged EE's to stay on board negatively impacts the entire workforce through decreased levels of EE productivity, engagement and morale.
To
effectively combat the affects of poor hiring & recruiting
decisions, consider implementing an early Resignation Bonus. To read
further details regarding this topic visit:
http://www.chicagotribune.com/business/chi-mon-rose-zappos-bonus-to-quijun16,0,5876822.column
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