Originally Published: September 8, 2018 8:51 p.m.
During my time in industry, I faced similar problems during certain economic downturns. I appreciate the dilemma that cities and counties face with budgets and pensions.
If you look at what many companies have done in the past, there is a clue as to how to handle unpredictable cash flows.
As to high turnover among law enforcement, the first place I would look for added revenue is the actual cost of turnover: What has the average cost been for the past 10 years? Is it a million dollars or more? Why not fund a retention account to award officers a percentage of the cost as a bonus each year? In industry it would be known as profit sharing. The agency would not be locked into a fixed expense.
First define the problem, which is, the cost of retraining and loss of experience. Use this amount against the turnover rate to determine what kind of yearly bonus could be given to officers who stay beyond a certain time period, because they are the most valuable!
Prescott and Yavapai County are great places to live, and we need to support our law enforcement folks!