Re:Amazon Will Pay You $5,000 to Quit Your Job
by vidarh on Friday April 11, 2014 @10:37AM
(#7573077)
You can trigger compliance effects with a can of soda. Of course there needs to be a correspondence in magnitude, but it's not really about the absolute amounts.
Re:Amazon Will Pay You $5,000 to Quit Your Job
by mathattack on Friday April 11, 2014 @10:32AM
(#7573042)
Much less than 6 months of a mortgage in Seattle, no? Or have I been spending too much time in New York?
Don't forget that this offer is for employees in the fulfillment centers, most of which are in areas with very low cost of living.
Re:Amazon Will Pay You $5,000 to Quit Your Job
by mathattack on Friday April 11, 2014 @02:33PM
(#7574604)
Ture - this would buy a lot in Iowa or Nevada.
Re:Amazon Will Pay You $5,000 to Quit Your Job
by walshemj on Friday April 11, 2014 @02:49PM
(#7574691)
Not in MK or Bedford which are the two bigest towns near the UK's main distribution hub
Re:Amazon Will Pay You $5,000 to Quit Your Job
by bentcorner on Friday April 11, 2014 @11:08AM
(#7573285)
$833/month mortgage gets (I think) about $150k for a 25 year fixed rate loan.
It's not impossible to get a home for $150k in Seattle, but your choices are very limited.
Re:Amazon Will Pay You $5,000 to Quit Your Job
by r00fus on Friday April 11, 2014 @04:53PM
(#7575564)
Rents have been skewing much higher than mortgage costs for some time. I'd guess it's 2-3 mo. of rent, max. In silicon valley it might be 1-2mo.
But people often don't think rationally that way (and definitely not all the time). A large lump sum may seem bigger than it actually is. Which is why sales folks often try to peanut butter the costs over a range ("it's the cost of one coffee a day for a month!")
Re:Amazon Will Pay You $5,000 to Quit Your Job
by mathattack on Sunday April 13, 2014 @07:44AM
(#7581026)
Are rents higher than mortgages on comparable properties in SF and Seattle? In NY the mortgages are even worse.
Re:Amazon Will Pay You $5,000 to Quit Your Job
by Domenic_S on Friday April 11, 2014 @03:50PM
(#7575171)
For the curious, 4 results:
http://www.redfin.com/city/16163/WA/Seattle/real-estate#!max...
Re:Amazon Will Pay You $5,000 to Quit Your Job
by sixothree on Friday April 11, 2014 @10:27AM
(#7573011)
I'm guessing for many people at amazon it might be two months salary.
Re:Amazon Will Pay You $5,000 to Quit Your Job
by fecak on Friday April 11, 2014 @10:32AM
(#7573041)
$2500 a month is 30K. The average warehouse worker at Amazon is around $25K (1), so the temptation might be there for them. For engineers, that amount is not likely to be considered.
1 - http://money.cnn.com/2013/07/30/news/companies/amazon-wareho...
Re:Amazon Will Pay You $5,000 to Quit Your Job
by joosters on Friday April 11, 2014 @10:40AM
(#7573099)
n.b. the vast majority of Amazon warehouse workers are not actually employed by Amazon; it is unlikely that they ever get these offers.
Re:Amazon Will Pay You $5,000 to Quit Your Job
by Crito on Friday April 11, 2014 @11:30AM
(#7573446)
However the offer is for warehouse workers, not for engineers.
Re:Amazon Will Pay You $5,000 to Quit Your Job
by joosters on Friday April 11, 2014 @12:16PM
(#7573775)
But it is for warehouse workers employed by Amazon - which isn't many of them.
Re:Amazon Will Pay You $5,000 to Quit Your Job
by infinite8s on Friday April 11, 2014 @11:40AM
(#7573528)
Yeah, agreed, this is for their warehouse employees, not their software developers.
$5,000 isn't really lots of money; it's probably about six months of mortgage payments in an average town.
On a 25-year mortgage that doesn't make much of a dent.
Better to keep grumbling, keep earning and keep a roof over the family.