Adore Me Gives Employees a Bonus Check When They Resign
At lingerie retail startup Adore Me, top performers get a huge bonus when they resign—some have even received up to $10,000. While there isn't a strict set of guidelines as to who receives this check, Adore Me’s CEO Morgan Hermand-Waiche stated in an interview with Bloomberg, "We would do it for anyone that has put in a lot of hard work and effort at Adore Me."
Adore Me has three reasons for this unusual (ex-) employee perk:
- Culture. Rewarding your top contributors—even when they move on to new opportunities—shows them, as well as current employees, that they are genuinely appreciated.
- Recruitment. Leaving on such a positive note may incline the departing employee to refer more top talent. That employee might also decide to come back to the company down the road.
- Retention. As counterintuitive as it may seem, since exit bonuses are merit-based and not guaranteed to everyone, they are an incentive to work harder and contribute more. Like investing, the more time and effort employees put into the company, the greater the payout they can expect to see in the end.
That said, Adore Me's funds for employee perks are still limited, as illustrated by several negative reviews on their GlassDoor page complaining of low pay, long hours, and no traditional benefits.
Takeaway: Treating your team well while they're employed is still the best way to improve recruitment and retention rates, but unconventional employee perks like a resigning bonus can be a factor of your company culture that helps set you apart.
Image courtesy Adore Me