Chris Ronzio, CEO of the Arizona-based software company Trainual that helps small businesses on-board, train and scale teams, is taking an unusual approach to the nationwide issue of worker retention by instead paying new staff a bonus to quit at the two-week mark into their new jobs.
Mr Ronzio’s strategy of paying people to quit seems to fly in the face of other companies who are offering higher wages, hiring bonuses or education opportunities as part of their efforts to attract and retain competitive talent. 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.
He first launched the incentive in May 2020, setting the bonus to quit at the two-week mark at $US2500 .