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Hang on to Your People — Americans Are Quitting Their Jobs in Droves

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But things aren’t all bad.

Finding and keeping good people is a challenge for business owners — and it’s getting tougher.

The number of Americans quitting their jobs hit a 16-year high in January, Yahoo Finance reports. The rate was 2.2 percent, which amounted to a seasonally adjusted total of just over 3.2 million.

That’s bad if you’re a business owner who doesn’t relish the thought of having to replace valuable workers. But it’s potentially a good sign for the economy overall, as workers are “unlikely to quit a job unless they are confident they can get another one,” Yahoo notes.

The data comes from the U.S. Bureau of Labor Statistics.

Several other recent reports have also suggested a positive outlook for the U.S. economy. For example, the National Federation of Independent Business found high levels of optimism among small business owners.

Last Year’s INSTORE Big Survey looked at the issue of why jewelers quit their jobs. We asked, “If you have full-time employees, did any quit in the last 12 months?” As it turns out, 63 percent said no, and 37 percent said yes.

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We then asked the “yes” respondents what the reasons for the turnover were.

The top reasons, starting with the most common, were to take another non-jewelry job, to move out of the area, to return to school and to have children or other family reasons.

Read more at Yahoo Finance

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Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

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