What would it take to make you quit your job?
I'm not talking about a job at a toxic workplace where neither you nor your labors are appreciated, but a job you like at a company where there's room for growth. Oh and, by the way, you have two weeks to make your decision.
I ask because General Motors Co. will offer "most" of its salaried employees a shot at being part of a massive buyout program geared to helping it cut $2 billion in costs during the next two years.
The buyouts are "designed to accelerate attrition in the U.S.," CEO Mary Barra said in a memo sent to GM employees March 9, obtained by our sister paper Automotive News and confirmed by the Detroit automaker. Those who accept the offer by March 24 must leave the company by June 30.
Buyouts may be more palatable than mass firings, but there's always the risk that the talented people you most want to retain opt to leave for other opportunities. (Better buyouts than following the recent examples of some high-profile companies recently to cut staff.)
"Employees are strongly encouraged to consider the program," GM spokesperson Maria Raynal said in an emailed statement to AN. "By permanently bringing down structured costs, we can improve vehicle profitability and remain nimble in an increasingly competitive market."