Company pays you to walk away if you’re not happy

A Cheshire-based financial planning firm is taking an innovative approach to onboarding by offering staff the option to quit if they don’t think the firm’s company culture is right for them.

In a statement released this morning, Equilibrium Asset Management revealed it is launching a ‘mechanism for change’, which will give all new staff the option to receive a full month’s salary and a 13% ‘parting payment’ if, within the first three months, they feel as though the company culture isn’t the right fit for them.

The firm’s management team says it hopes that the move will allow employees to be totally honest if their new roles aren’t working out and stop them from feeling pressured to stay in a position for the wrong reasons. The mechanism for change principle loosely stems from business leader Jim Collins’ short pay theory – which ensures that everyone in a business is committed to their role and service.

Elaborating on the move, the firm’s head of culture Sarah Warburton explained: “A lot of people think that what we say about our culture and our benefits package is too good to be true, and that perhaps we’ve applied a bit of artistic licence.

“But it’s all completely genuine – we want to provide the very best for our team in order to attract and retain the very best in talent.

“In the long term, staying somewhere you don’t want to be isn’t healthy. Equally, we recognise that it can feel intimidating to tell your employer that something isn’t working. People have responsibilities and may have families relying on them, and so deciding to leave a secure job can seem daunting.

“We genuinely care about the people who choose to come and work with us, and we hope that providing this option will mean that anyone who chooses Equilibrium is choosing us because we’re exactly right for them. That will translate into happy, committed and productive staff.” 

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is recruiter.editorial@redactive.co.uk

Pertemps Managed Solutions wins extension to Thames Water contract

Pertemps Managed Solutions has won a continuation of its contract to deliver recruitment process outsourcing and managed service provider services across all of Thames Water’s locations.

Contracts 28 May 2020

APPOINTMENTS: 11-15 MAY 2020

This week’s appointments include: Albert Goodman, Ocean Technologies Group

People 12 May 2020

NEW TO THE MARKET: 20-24 APRIL 2020

This week’s new launches include: Alexander Mann Solutions, Candidate.ID, Credentially, Enginuity, GeekTalent, inploi, Jobs in North Wales, Konexo, Snack, Talent Beam, WorkTaps, Zoom

New to Market 20 April 2020

APPOINTMENTS: 14-17 APRIL 2020

This week’s appointments include: Service Care Solutions

People 16 April 2020
Top