Oklahoma has paused state tax refunds because of system problems at the Treasurer’s Office.
The Tax Commission says it can’t verify some reporting data and is holding refunds to prevent errors.
https://t.co/TO4uSqfsGZ
Boss complained that the company couldn't afford to give salary raises.
So they resorted to hiring and firing aggressively to cut costs.
This only made the matter worse.
He sought advise
"What's the average raise request you've denied?" I asked.
Boss : "About 15-20%."
"And what are you paying new hires?"
Boss : "Market rate. Usually 30% more than internal folks."
"So you won't pay someone 15% more to stay,
but you'll pay someone else 30% more to start?"
He shifted. "That's different."
"What about Sarah?" I asked.
Boss : "She asked for 18K more.
We said no. She left.
You just hired her replacement."
Boss : "Yeah. Took three months to fill."
"What did you pay the replacement?"
Boss : "85K."
Sarah was making 62K. Asked for 80K.
"Right."
"So you saved 18K by saying no,
then spent 23K more to get someone new.
Plus signing bonus?"
"10K."
"What about lost productivity while they ramp up?"
"Maybe six months to get to Sarah's level."
"That's another 30K in lost output.
Plus recruiting costs?"
He opened a spreadsheet.
"Recruiter was 17K. Training about 15K."
I wrote on his whiteboard:
- Salary increase: 33K
- Signing bonus: 10K
- Lost productivity: 30K
- Recruiter fee: 17K
- Training costs: 15K
Total: 105K
"You spent 105K to avoid paying 18K."
He stared at the board.
"How many Sarahs did you lose this year?"
"Twelve."
"So you burned 1.2 million
to save maybe 200K in raises."
A few months later, he called.
"I just approved every raise request in the queue."
"All of them?"
"Cost me 340K.
Would have cost me 2 million in replacements."
"How'd your team react?"
"Shocked. Then productive.
We're hitting numbers we haven't seen in years."
Here's the truth about retention economics:
Companies will spend a dollar to save a dime.
Then spend ten dollars to fix what broke.
We treat current employees like costs
and new employees like investments.
But retention isn't an expense.
It's the highest ROI investment you'll ever make.
My problem with the “he wouldn't actually do it” and “institutional checks will step in to stop him” arguments regarding Greenland is that we are in this position precisely because, at every prior stage, he did do it and institutional checks failed to constrain this lunatic.
Selling stolen oil and putting billions of dollars in a bank in Qatar to be spent without Congressional approval is not Constitutional.
Only Congress can appropriate money.
The President can’t legally create a second Treasury overseas for his own piggy bank.
Wake up Congress.
When Republicans inevitably blame mental health and not the guns for yet another school shooting - kindly remind them that 205 of them voted AGAINST a bill to expand school-based mental health services.
Anyway, hours after Charlie Kirk was killed, Trump ordered flags lowered to half-staff.
It’s been 3 days since US Army Specialist Sarah Beckstrom died.
Why hasn’t Trump ordered flags lowered to half-staff?