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Want to Keep Your Good Employees? Make It Worth Their While

Seth Godin says it’s up to employers to create conditions in which workers want to stay.

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Want to Keep Your Good Employees? Make It Worth Their While
PHOTO: ISTOCKPHOTO

Depending on the study, something like two-thirds of American businesses are struggling to retain staff. And this is mostly seen as a bad thing: hiring, onboarding and training are expensive, time consuming and a drain on resources. But business author Seth Godin says we are looking at it wrong. “Turnover is a good thing,” he said on a recent episode of the Tim Ferriss Show podcast, noting that 40-year careers at one place are an anachronism. “What I would do if I were running a real company is I would say the first thing you’ve got to do on your first day is update your LinkedIn page and keep it up to date. I don’t want you to stay here because you can’t get a better job. I want you to stay here because the conditions we’ve created, the work we are doing is worth you staying here for. And then I would listen. If I’m not creating the conditions where the people who I need to be dancing with want to stay, I have to change the conditions, not curse the people who are leaving. And if I can keep somebody here for a long time, it’s because they want to stay here.”

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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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