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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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When Sales Beat Projections, You Know Wilkerson Did Its Job

There are no crystal balls when it comes to sales projections. But when Thomasville, Georgia jeweler Fran Lewis chose Wilkerson to run the retirement/going-out-of-business sale for Lewis Jewelers and More, she was pleasantly surprised to learn that even Wilkerson could one-up its own sales numbers. “Not only did we meet our goal, but we exceeded the goal that Wilkerson had given us by about 134%,” she says. After more than 40 years in the business, Lewis says she decided a few years ago to “move towards retirement.” And she was impressed by Wilkerson’s tenure in the industry. Overall, she’d recommend the company to anyone else who may be thinking it’s time to hang up their loupe. “As a full package, they’ve done a very good job and I’d definitely recommend Wilkerson.”

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