When determining appropriate levels of compensation, management must determine if the employee turnover rate is too low, too high, or just right. If turnover rate is high enough to adversely impact the entity's performance, then employee compensation is probably too low.

When you're on a football scholarship, you get a stipend that's supposed to cover your rent and a few incidentals. It was $360 a month. This was the late 1980s, and the NCAA has an interesting rule where you're not allowed to supplement your income with a part-time job.

I went to Brigham Young University on a football scholarship. I wasn't a football player; I was a place kicker.

Jason Chaffetz Quotes