1 month ago | By Business Insider
Summary List Placement Tony Hsieh, the late ex-CEO of online retailer Zappos, is known for his trailblazing workplace policies - including one in which the company offered up to $2,000 to unhappy new employees to leave the company, essentially bribing them to quit.
According to a 2008 Harvard Business Review article, Hsieh's "The Offer" program was a policy that entailed asking new employees if they'd like to quit following a four-week training period. If they chose to, Zappos would pay them a bonus on top of their full salary during their time worked at the company. The bonus rose over...
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1 month ago | By Business Insider
Summary List Placement On March 24, Zappos' 1,500 or so employees got a memo from CEO Tony Hsieh.
"This is a long email," it began. "Please take 30 minutes to read through the email in its entirety."
It concerned the retailer's transition to "Holacracy," a manager-free operating structure that is composed, in theory, of equally privileged employees working in task-specific circles, often overlapping.
Hsieh began experimenting with Holacracy in 2013 as a way of maintaining Zappos' lauded employee-centric culture as it continued to grow.
The transition was supposed to have finished within a...
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Summary List Placement A 20-year-old US Army soldier was arrested on federal terrorism charges and is accused of trying to help ISIS to kill other service members in the Middle... Read more ...
Summary List Placement Shepard Smith, the former Fox News host now anchoring his own show at CNBC, unloaded on his former employer in a new interview with CNN's Christiane... Read more ...
Summary List Placement Autonomous vehicle startup Aurora on Tuesday announced a key partnership that brings it closer to its goal of deploying self-driving trucks. The... Read more ...
Summary List Placement Climate change is at the top of President-elect Joe Biden's funding agenda once he assumes office on Wednesday, as the new administration looks to add... Read more ...
Summary List Placement Rewind, the Canadian cloud backup startup, just raised $15 million in a Series A funding round led by Inovia Capital. Founded in 2015, Toronto-based... Read more ...
Summary List Placement President-elect Joe Biden's $1.9 trillion rescue plan could boost nominal GDP growth to 11.4% year-over-year by the end of 2021, says JPMorgan's David... Read more ...
Summary List Placement Ahead of President-elect Joe Biden's inauguration on Wednesday, nearly 200,000 American flags were installed on the National Mall, representing the tens... Read more ...
Secretary of State Mike Pompeo said China committed “genocide and crimes against humanity” toward Uighur Muslims. Read more ...
Summary List Placement Janet Yellen, President-elect Joe Biden's pick to head the Treasury, will urge lawmakers at her confirmation hearing that now is the time to "act big" on... Read more ...
Summary List Placement President-elect Joe Biden's pick for Treasury Secretary, Janet Yellen, says additional stimulus relief for those most in need coupled with expanded... Read more ...