[Jewelry making - Article 01203] - Re: [Orchid] UK reasonable salary

[frank goss]

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Steven:

    There was an article about two years ago in one of the U S jewelry
    trade magazines on the cost of replacing an employee. The cost to
    the company is 1.5 times the employee's salary just to replace an
    employee who quits or retires. This is a computation of training
    costs, recruiting costs, company morale, etc.All of the costs
    incured before the new employee starts to be productive. A very
    interesting article. It would be worth your time to research this. It
    could well be support for your salary increase if you can show the
    company a dollar benefit in retaining you as an employee as opposed
    to replacing you. I am sorry I do not remember which magazine, but
    the title of the article was something along the lines of "what does
    it cost to replace an employee" or "employee replacement costs" or
    "the true costs of replacing an employee". A very interesting article
    for employees as well as employer. Good luck in your quest for a
    reasonable salary. (I can't even imagine working for the same
    company for 25 years) 

Frank Goss
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