RE: How to Decline a Raise Request (Bob Hatcher, DPM)
From: Jon Purdy, DPM
The loss of an employee obviously affects different offices in different ways. Employee loss in a three-employee office is obviously different than in a twenty-employee office. The position being lost is also a major factor. However, there are similar cost calculations attributable to every situation. Ten thousand dollars is a mid-range estimate.
There are a number of factors that go into the costs incurred when an employee is replaced. Knowing exactly how much this costs your office is difficult but certainly not impossible to estimate. There are tangible and intangible costs that...
Editor's note: Dr. Purdy's extended-length letter can be read here.
RE: How to Decline a Raise Request (Jon Purdy, DPM)
From: Bob Hatcher, DPM
I'd be interested on where Dr. Purdy (and others over the years) get their information that it costs $10,000 to hire a new employee "over 3 months."
I have heard this, or even higher figures, for many years but have NEVER seen anything other than anecdotal reports on this cost. If we live and die by EBM for the treatment segment of our practices, shouldn't we demand the same quality of information for the management piece as well? Thanks in advance for enlightening me.
Bob Hatcher, DPM, Raleigh, NC, bob@blhatcher.com