Entrepreneur offers $ 5,000 to every new employee who quits: those who remain are considered the most motivated
Employee workplace satisfaction is quite important in boosting productivity and it seems that many entrepreneurs are finally starting to understand this. If an employee is not happy in their job - for example with the work environment they go to every day or with their salary - an employer should start taking some action. In the long run, it will be the company that will loses out. Entrepreneur Chris Ronzio knows how important it is to have motivated and enthusiastic people on his team, and that's why he is carrying out an unusual experiment: after 2 weeks of probation, he offers $ 5,000 to every new employee who would rather resign than continue on in the job.
via Business Insider
If your employer offered you five thousand dollars if you resigned, what would you do? For CEO Chris Ronzio this is the litmus test: if the employee does not accept the money, it means that they are really excited to be part of his team and really want to continue doing the work for which they were on probation for for 2 weeks. To make this choice, however, you must understand that you are giving up an immediate cash benefit, namely the $ 5,000. And for sure, the hiring approach of the company promises long-term benefits: those who agree to stay and work for Chris, will be rewarded in the fullness of time. When choosing, though, it's a decision to give up on $ 5,000 that could immediately appear in your bank account, versus agreeing to work a regular job for $ 2,500 a month.
The fact that the employee themself makes this choice is very important and is also symbolically "important" for staff retention: it is hoped, in fact, that by voluntarily giving up an "easy" amount of money, employees in general will be motivated to stay with the company.
This is an experiment that, according to the data reported by Chris Ronzio, is providing fruitful, positive results in terms of productivity and staff retention.
And what would you do if you had this choice in such a situation? Write to us in the comments!