Turnover at Amazon is so high that they’ll run out of workers to hire by 2024, according to a leaked company memo. The solution? Unions to ensure higher wages, better retention policies, and more dignity for workers.
Last Fall the Washington Post podcast did a whole episode on how the high turnover at Amazon was really the brainchild of Bezos's genius because he "realized how un-innovative people are when they stay somewhere for a long time."
I'm interested to see how this plays out. Ideally if they don't change anything then they will end up with nobody applying/working for them because they've run out of workers and everyone unanimously decides working there is not for them. They then have to raise wages/conditions to meet peoples actual needs.
I'm not at all defending Amazon but I am sincerely curious here. Walmart and McDonald's and others have a poor reputation themselves but I don't see them being worried about running out of workers. Or am I mistaken?
Amazon has a built in churn. It's called "unregretted attrition rate", or URA. Managers are incentivized to reach a certain URA, so they will hire people with the intent of firing them. If they can't hire enough people to fire, they will fire people who haven't actually done anything to deserve firing and are making rate.
Last Fall the Washington Post podcast did a whole episode on how the high turnover at Amazon was really the brainchild of Bezos's genius because he "realized how un-innovative people are when they stay somewhere for a long time."
Then by Bezos's own logic why did he stay with the company so long?
I'm interested to see how this plays out. Ideally if they don't change anything then they will end up with nobody applying/working for them because they've run out of workers and everyone unanimously decides working there is not for them. They then have to raise wages/conditions to meet peoples actual needs.
I really could see Amazon doing this.
Isn't Amazon trying to lobby the government to raise the minimum wage to $15 an hour?
I'm not at all defending Amazon but I am sincerely curious here. Walmart and McDonald's and others have a poor reputation themselves but I don't see them being worried about running out of workers. Or am I mistaken?
Amazon has a built in churn. It's called "unregretted attrition rate", or URA. Managers are incentivized to reach a certain URA, so they will hire people with the intent of firing them. If they can't hire enough people to fire, they will fire people who haven't actually done anything to deserve firing and are making rate.
An Amazon facility has like 50 people per shift not including managers even small sites.
Nah, the solution should be to let it fucking collapse.