Here are three key things to know about the new leader of the e-commerce giant. “He will be an outstanding leader, and he has my full confidence.” “Andy is well known inside the company and has been at Amazon almost as long as I have,” Bezos wrote in a letter to employees Tuesday. Now, he will take over leading the broader company as it builds on a year of massive growth caused by the pandemic. Though not as public a figure as Bezos, Jassy is an accomplished executive in his own right - having grown Amazon’s cloud segment, Amazon Web Services, from its inception into a $45 billion business and the company’s biggest moneymaker. Recognizing that the last two years have been marked by unexpected twists and turns, Jassy said in the memo, “We will continue to adjust as we keep learning what makes most sense for our customers and teams.Amazon founder Jeff Bezos will transition from CEO to executive chair and pass the reins to Andy Jassy, a 24-year Amazon veteran, later this year, the company announced Tuesday. If they don't, Amazon could steal away top talent by giving them the work style they desire, while their current employer is much more rigid and unyielding. Many will feel pressured to offer the same or similar programs. Once they see Amazon offering remote, hybrid and in-office options, it's reasonable to conclude that other companies will follow its lead. Businesses look up to the online retailer for guidance. With potentially fewer in-office workers, these small businesses could be in big trouble.Īmazon is one one of the most esteemed companies in the world. Surrounding large office buildings in major urban cities, there exists a thriving ecosystem of restaurants, gyms, bars, movie theaters, nail salons and mom-and-pop shops that earn their livelihoods from the workers who commute into the large office buildings. It's also a great way to retain existing personnel and keep them from joining the “Great Resignation” trend. By offering a variety of work options, this policy turns into a recruiting tool to attract top talent. Potential applicants will appreciate the flexibility and host of choices. This is not an easy task in the current competitive job market. The new flexibility of choices is well-timed, as the company needs to aggressively hire around 40,000 corporate-level professionals. The undercurrent may be that he’d like people to be in close proximity to the office, in case there is another reversal in the future that would require a large percentage or everyone to return en masse. Jassy added, “Most of our people are close enough to their core team,” so that they can travel back to the office for meetings or important events on short notice. There will also be an option to work up to four weeks per year fully remote from any location within your country of employment. The retailer will continue to permit people to work remotely from various locations. When this occurred, some companies downgraded the payscale commensurate with what employees earn in the location. With remote work, many people relocated from expensive cities to lower cost locations. A manager with an “old-school” mindset may be biased against remote work and default to a knee-jerk, in-office decree. Concerns could be raised about the decentralized decision-making process. The policy is “intentionally not prescribing” specificity over the number of days mandated to be in an office or which days are allowed to work remotely on. Jassy wants to ensure whatever decision is made, it should keep the customers’ interests in mind. There may be folks who are worn out from being home and would look forward to going into headquarters full time. Some may desire to continue working remotely, others may seek out a hybrid of both in-office and at-home. It's anticipated that people will choose options that best fit their lifestyle.
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