The high cost of turnover

by Evil HR Lady on February 7, 2014

Budgets are tight, deadlines are looming and your prized office manager appears in front of your desk to say, “I’ve been researching salaries, and I’ve found out that I’m underpaid. The general rate for office managers here in Sacramento is around $65,000. I’m currently making $55,000. What do I need to do to bring that up to a competitive rate?”

What indeed. Money doesn’t grow on trees, and every penny is already budgeted out. So, do you cut elsewhere and give the office manager a raise? Or do you tell her you’re sorry but there’s no money, increasing the chance that she’ll quit, saddling you with another expenses. Just how much does turnover really cost?

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