Post #9391 by hclasvegas on the Upstart Holdings board

Stocks A to Z / Stocks U / Upstart Holdings (UPST)

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" Anecdotal observations on Dollar Tree, Dollar General, and Family Dollar."

When you visit a $$ store ask the employee's how long they have been on the job. All that turnover is expensive.

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All that turnover is expensive.

Maybe it's expensive, maybe not. It could be a cost savings overall. If an employee comes in at $15/hr, but after a year you need to raise them to $16/hr, and after 2 years to $18/hr, then if they leave (or are fired) before they get paid more, then net net you may be saving on total payroll costs. More delicately stated, if 80% of your total workforce is in year 1 at any given time, you might be saving on payroll when compared to having only 20% of your total workforce being in year 1.

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" Maybe it's expensive, maybe not."

What if the answer is consistently less than 60 days in my city. " Looking for something else" is what I heard often.

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