Exit Incentive? McKinsey Offers Employees 9 Months' Pay & Career Coaching To Leave Company

The corporate world is going through rough waters with several employees getting sacked. Recession is slowly taking over the country and many are finding themselves unemployed with no career direction.?

Bringing a twist to the story is global management consulting firm McKinsey. The company is offering to pay several senior employees as an incentive to quit and look for new jobs in a bid to reduce workforce amid a sector-wide downturn, according to a report.

Full 9 Months Salary To Leave The Company

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According to British daily The Times, McKinsey managers in the UK division are being offered the opportunity to allocate up to nine months for a "job search" period.??During this period, employees can utilize their work hours to explore potential new job opportunities and opt out of client projects if they wish.

The Employees Are Still Required To Leave McKinsey Even If They Are Unable To Find A Job After 9 Months

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Employees have been informed by the company that they will receive their full salary throughout this period, which could potentially total hundreds of thousands of pounds if they utilize the entire nine-month timeframe. Additionally, these managers will have access to McKinsey's resources and career coaching services, as reported by The Times. However, the report also states that employees would still be required to leave McKinsey if they are unable to secure a new job during this period.

McKinsey Gave Its 3,000 Employees Poor Ratings In Feb

Furthermore, in February of this year, McKinsey gave poor performance evaluations to 3,000 employees, granting them approximately three months to enhance their performance or face potential termination from the company, as stated in the report.