127,000 Reasons to Hang On to Your Fundraiser

April 13, 2012

Raymund Flandez, a blogger at The Chronicle of Philanthropy, has posted some research findings related to the cost of high turnover in fundraising jobs.

As previously discussed here, the job market is opening up which means people who had been in lock-down mode now have more flexibility to look for better fitting work. The turnover rate in fundraising is particularly high, primarily due to dissatisfaction with low salary rates. The latest research from the Association of Fundraising Professionals suggests that offering a better salary may be cheaper than the average direct and indirect costs of finding a replacement. The study shows that the cost to replace a fundraiser is close to $127,000, more than two times the level of salary increase it would take to keep them.