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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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After 139 Years, A Family Legacy Finds Its Perfect Exit With Wilkerson.

When third-generation jeweler Sam Sipe and his wife Laura decided to close Indianapolis’ historic J.C. Sipe Jewelers, they turned to Wilkerson to handle their retirement sale. “The conditions were right,” Sam explains of their decision to close the 139-year-old business. Wilkerson managed the entire going-out-of-business sale process, from marketing strategy to sales floor operations. “Our goal was to convert our paid inventory into retirement funds,” notes Sam. “The results exceeded expectations.” The Sipes’ advice for jewelers considering retirement? “Contact Wilkerson,” Laura says. “They’ll help you transition into retirement with confidence and financial security.”

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