SCOTTSDALE, AZ (3TV / CBS 5) – A Scottsdale-based technology firm, Trainual, says it will offer employees $ 5,000 to leave their jobs if they are not completely satisfied after their first two weeks of work. CEO Chris Ronzio says it’s a way to keep the people who really want to be there while companies across the country struggle to fill positions.
“We had previously hired people who might want to stay at six months or nine months and take another option,” Ronzio said. “So we thought, ‘how do we make sure this is the right option for people?'”
He started the company in 2018. It produces a software platform that allows small businesses to write down and share all their policies for employees.
“Everyone wants to think they’m more productive from home, but very few people actually are. There’s too much distraction.”
Ronzio tells Arizona’s Family that no one has used the $ 5,000 yet, but it’s an idea that goes back to the beginning of the pandemic. “So it started in May 2020. And just before we launched this, we had a developer, an engineer who started, and five days into his job, he raised his hand a little bit and said, ‘I think I took wrong job. This is not for me, “said Ronzio.
It made Ronzio think about whether anyone else feels the same way. “Because over three months, six months, nine months, we pour responsibility on this person’s plate,” Ronzio said. “And they become a bigger part of the business. And so if you pull that person out in nine months, it’s a lot more expensive to replace.”
The idea is that if employees think short term, they can take the money and go, and that might be better for everyone. Of course, Ronzio hopes to keep people longer with competitive advantages and stock options. From customer support to senior-level engineers, Ronzio says the average salary in the company is $ 70,000 to $ 80,000.
Dave Wells, research director at the Grand Canyon Institute, says he has never heard anything like it before. While this may not work for all industries, such as high-paying restaurants, revenue can cost a technology company like Trainual a lot of money and productivity.
Wells calls $ 5,000 a good investment if you spend time and effort on a new hire. “I think this is a great example of how the job market has changed. And how an employer is really innovative and trying to adapt to it because employees have a lot more power than they have had in the past,” he said.
Ronzio sees this as an important turn, companies will have to make to adapt, otherwise they will continue to see people leave. He says that everyone has the opportunity to work from home, and they have about six vacancies.
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