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Here Are the Real Reasons Jewelers Quit Their Jobs

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Here Are the Real Reasons Jewelers Quit Their Jobs

Jewelry-store employees fare a pretty loyal group overall, as we previously reported.

But people do move on for a variety of reasons. Understanding why employees choose to stay or go is important when you’re trying to build a stable, reliable staff.

For Big Survey 2016, 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.

We then asked the “yes” respondents what the reasons for the turnover were. Here’s what they said:

  • To take another non-jewelry job – 43%
     
  • Moving out of the area – 15%
     
  • To return to school – 8%
     
  • To have children or other family reason – 7%
     
  • Conflict in the workplace – 6%
     
  • Reached retirement age – 6%
     
  • To take a jewelry job elsewhere – 5%
     
  • Medical reason – 3%
     
  • Don’t know – 3%
     
  • Other – 3%
     
  • To open own store – 1%
     

The last time we asked this question was 2008, with the country fast falling into recession. Not surprisingly, fewer people (33 percent) back then were leaving to take another job – presumably because there weren’t many around

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Conflict in the workplace, however, was off the charts, accounting for almost one in three employee departures in in 2008. Jewelry stores now seem a much less fraught environment, with workplace disharmony cited in only one in 20 cases this year.

 

 

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This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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