The Cost of High Turnover in Fundraising Jobs
from The Chronicle of Philanthropy:
The high turnover rate of fundraisers is costing charities money. Lots of money.
The average amount of time a fundraiser stays at his or her job: 16 months. The direct and indirect costs of finding a replacement: $127,650.
… In her presentation at the Association of Fundraising Professionals conference in Vancouver, [Penelope Burk, president of Cygnus Applied Research] said findings from a survey she has conducted of 1,700 fundraisers and 8,000 nonprofit chief executives, suggest that it would cost just $46,650 to keep a good fundraiser happy by providing better salaries and other benefits, such as additional vacation time.
Burke’s presentation, Donor-Centered Leadership … what it takes to build a high performance fundraising team, is available here.