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The Genius Of Amazon’s $5,000-To-Quit Plan

Posted on April 15, 2014 by Karthik Hegde
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Paying an employee to quit. Does it make any sense at all? Big time, and not just because Amazon says so. Amazon offers employees at their fulfillment centers after their first year of work $2,000 if they wish to quit. That payoff climbs by $1,000 each year until it caps out at $5,000. Of course, the headline of the money-to-quit contract offered to employees is “Please Don’t Take This Offer.” The truth is Amazon does want employees to take the offer, or at least some employees. Because if enough low-performing employees do, the worth to the company is millions of dollars …Read more »

Category: Hiring In The News | Tags: , ,

Is The Resume Dead?

Posted on April 14, 2014 by Karthik Hegde
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With new software and more available online, using just a resume and cover letter to screen candidates is as outdated as the Dodo Bird. In the old days of hiring – and by that we mean a few years ago – you would advertise a job, get a collection of resumes and cover letters, sort through them and bring in the best two or three for an interview. Or, you would hire a recruiter for a sizeable fee, have them build the candidate pool and do some screenings and they would give you a few people to bring in for …Read more »

Category: Hiring In The News | Tags: , ,

What American Workers Will Get The Largest Raises This Year?

Posted on April 11, 2014 by Karthik Hegde
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Reuters reports that corporate profits are higher than ever before. And yet, salary increases for 2014 are expected to say below pre-recession levels, as the majority of American workers will get less than a 3 percent raise this year. A projection by the Society for Human Resource Management focused on 2014’s salary trends reports that base pay increases will be around 3 percent this year, or 1 percent lower than pre-recession levels. However, there is a wide disparity in that number, with some workers getting larger raises and the majority getting less than 3 percent. So who will be the big winners? Here …Read more »

Category: Hiring In The News |

VoiceGlance Featured In Prominent Local Newspaper The Day

Posted on April 2, 2014 by Karthik Hegde
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  In March, VoiceGlance was featured on the front page of the business section in its local newspaper, New London’s The Day. The article explained the trouble organizations have today sorting through ever-expanding applicant pools and how VoiceGlance provides a solution. It also discussed VoiceGlance’s focus on eliminating the bias in the hiring process and leveling the playing field for all job applicants. “It gives every candidate a voice,” the article quoted VoiceGlance Manager Kevin Scanlon as saying. “It gives everyone a shot.” Click here to read the entire article.

Category: Hiring In The News, News About VoiceGlance | Tags: , ,

Facebook’s $19 Billion Hiring Mistake – And How To Avoid It

Posted on April 2, 2014 by Karthik Hegde
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In 2008, Jan Koum and Brian Acton applied to work for Facebook. Neither was hired. So instead, the two created an instant-messaging company, WhatsApp Inc. In 2014, the duo agreed to sell the company to Facebook for $19 billion. Imagine if Facebook would have hired both men in 2008 and gave them freedom to create. They could have developed that same software for Facebook and, even if they would have been paid salaries of $5 million a year each, it still would have saved the company a cool $18,940,000,000 or so. Now we don’t know the specifics of the hiring …Read more »

Category: Hiring In The News, Perfecting The Hiring Process | Tags: , ,

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