08292015Sat
Last updateWed, 26 Aug 2015 10pm
Veteran rep Carolyn Woltz Lennon retires

Veteran rep Carolyn Woltz Lennon retires

After 30+ years on the road covering North Carolin...

Shinola brings back American-built watches

Shinola brings back American-built watches

Business leaders that turn adversity into opportun...

Cargo Hold launches new line of classic, colorful bracelets

Cargo Hold launches new line of classic, colorful bracelets

(CHARLESTON, S.C.) - CARGO™ Enamel is the latest co...

Endless Jewelry strengthens senior management and secures investment

Endless Jewelry strengthens senior management and secures investment

“We proudly announce that we are strengthening the...

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Harmon Group’s 3 steps to handle negative comments on social media

Harmon Group’s 3 steps to handle negative comments on social media

Social media platforms have created a unique public forum for consumers to quickly spread their opinions and experiences with brands across the web for other consumers to read. And while social media can serve as a great tool to build brand loyalty a...

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Industry Events

Atlanta Jewelry Show ends 65th anniversary celebration with a flourish

Atlanta Jewelry Show ends 65th anniversary celebration with a flourish

August 2015 Edition Filled With New Resources, New Initiatives, Fun Networking Events

(ATLANTA) - The Atlanta Jewelry Show capped off its 65 th Anniversary year with fresh finds, new initiatives, educational and networking events and a festive finale tha...

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On The Move

Wholesale Moissanite expands its network of partners

(RALEIGH, N.C.) - Wholesale Moissanite, located in Research Triangle Park (RTP) in North Carolina, is an international wholesale-to-retail authorized distributor for Charles & Colvard created Moissanite. Wholesale Moissanite has been and continues...

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What's New

Retail consulting services for events now available from SimplexDiam

With more than 30 years experience providing jewelers with unique and exceptionally priced inventory along with premium service, SimplexDiam is proud to announce its new consulting services to help jewelers maximize their assets.

SimplexDiam can now h...

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Featured Articles

United Precious Metals Refining – steady growth since 1988

United Precious Metals Refining – steady growth since 1988

Established in 1988, United Precious Metals Refining (United) was founded by previous employees of the former P.M. Refining Co. in Buffalo, NY. A team of well experienced management, sales, office, assaying, refining, melting and fabrication personne...

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Latest News

Harmon Group’s 3 steps to handle negative comments on social media

2 DAYS AGO
Harmon Group’s 3 steps to handle negative comments on social media

Social media platforms have created a unique public forum for consumers to quickly spread their opinions and experiences with brands across the web for other consumers to read. And while social media can serve as a great tool to build brand loyalty and to foster customer relationships, it can also s...

Readmore

How jetsetting thieves who stole over $3M in diamonds, jewelry were caught

2 DAYS AGO
How jetsetting thieves who stole over $3M in diamonds, jewelry were caught

When Portland, Oregon police department Det. Eric McDaniel and Sgt. Brian Hughes began to interrogate a thief who had robbed a local jeweler, they had no idea they were about to learn that the con man would lead them to a nationwide crime spree masquerading as a shopping spree.

A pair of diamonds wor...

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Atlanta Jewelry Show ends 65th anniversary celebration with a flourish

10 DAYS AGO
Atlanta Jewelry Show ends 65th anniversary celebration with a flourish

August 2015 Edition Filled With New Resources, New Initiatives, Fun Networking Events

(ATLANTA) - The Atlanta Jewelry Show capped off its 65 th Anniversary year with fresh finds, new initiatives, educational and networking events and a festive finale that truly celebrated the Association’s 65 years. Fro...

Readmore

24 Karat Club Southeastern U.S. holds 41st annual Banquet

17 DAYS AGO
24 Karat Club Southeastern U.S. holds 41st annual Banquet

 

Mary Hayes, Hayes Jewelry in Mobile, AL named 2015 Jeweler of the Year

(ATLANTA) - The 24 Karat Club Southeastern United States (SEUS) hosted its 41st annual black-tie Banquet at the Atlanta Country Club on August 8th. The elite event was well attended with approximately 200 leaders of the jewelry in...

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Veteran rep Carolyn Woltz Lennon retires

27 DAYS AGO
Veteran rep Carolyn Woltz Lennon retires

After 30+ years on the road covering North Carolina, South Carolina and part of Virginia, sales representative Carolyn Woltz Lennon has announced her retirement. Carolyn began her career in 1983 with CMI Jewelry Wholesale in Raleigh, NC. She went on to represent Minneapolis, MN-based Jewelmont then ...

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Wholesale Moissanite expands its network of partners

27 DAYS AGO

(RALEIGH, N.C.) - Wholesale Moissanite, located in Research Triangle Park (RTP) in North Carolina, is an international wholesale-to-retail authorized distributor for Charles & Colvard created Moissanite. Wholesale Moissanite has been and continues to be a leading distributor for Charles & Col...

Readmore

Retail consulting services for events now available from SimplexDiam

3 DAYS AGO

With more than 30 years experience providing jewelers with unique and exceptionally priced inventory along with premium service, SimplexDiam is proud to announce its new consulting services to help jewelers maximize their assets.

SimplexDiam can now help convert your assets into the maximum amount of...

Readmore

Hoover & Strong introduces Guaranteed Recycled Diamonds in their Harmony Diamond Auctions

3 DAYS AGO
Hoover & Strong introduces Guaranteed Recycled Diamonds in their Harmony Diamond Auctions

Hoover & Strong has announced they are now offering guaranteed recycled diamonds in their online Harmony Diamond Auctions.

Virginia based eco-friendly refiner Hoover and Strong is an avid supporter of the “green” movement and feels it is their social, environmental and moral obligation to produce...

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Happy employees equal happy customers

No matter how well you watch cash flow, manage inventory, or make your store attractive to customers, you will lose business if you don't work to develop your employees.

Develop your employees and keep them engaged in your business plan and they will work harder to keep your customers happy. In a high-service industry such as the jewelry industry, contact between the salesperson and the customer can make or break the bond between your business and your customers. Many jewelry store owners, however, fail to recognize how important that connection is.

What can you do as a business owner that will keep your employees engaged and productive? Here are some suggestions:

 

  1. Be honest with prospective employees during the interview process. Accurately describe the work environment and the process for how things are done.
  2. Make sure your employees know exactly what you expect of them. Create a written job description clearly explaining their responsibilities.
  3. Present your employees with challenging assignments to keep them engaged. Provide them with opportunities to grow and develop.
  4. Have a regularly scheduled group meeting with your employees to discuss issues the employees would like to discuss.
  5. Tell your employees when they've done a good job. Utilize some form of recognition program to reward a job well done.
  6. Develop an on-going training program to help improve the employees' knowledge base on your merchandise, selling techniques and customer relations.
  7. Be more creative with your benefits program. Is your benefit program competitive? In addition to health and other normal benefits think outside the box. Buy dinner when employees need to work late. Occasionally treat your employees to lunch. Work with other local vendors to offer an employee discount at their establishments.
  8. Offer a formal system of pay raises. Make sure your employees understand what they have to do to earn raises. Create a formal system of promotion.
  9. Be understanding of your employees' needs. Allow for them to take some time off when they need to attend to a child's or elderly parent's needs.
  10. Understand each of your employees' strengths and weaknesses. Your manager should be a good communicator and leader. Co-workers will work harder for a manager that is well respected than for a weak manager.
  11. Make sure your employees know your long-range goals. Inform them how their performance measures against those goals.
  12. Insist that your employees take vacation. Studies have shown that employees that take vacations are less stressed and lead a healthier life style.
  13. Create an environment of trust. Employees are happier and work harder when they feel they can trust their leaders. Treat all employees with the same level of respect.
  14. Get rid of poor performers. Negative attitudes will effect employees with good attitudes. Hold your employees accountable for their actions, whether positive or negative.

 

Your Employees' Top Priorities

In several studies ranking employees' attitudes toward their jobs, emotional rewards frequently rank highest for contributing to employee satisfaction. Money is behind emotional rewards, but still near the top of the list. Here is a list of the top ten:

  1. Expressed appreciation from employer for work well done.
  2. Knowledge of what's going on in the business and the owner's goals for the business.
  3. Management's understanding of employees' personal needs.
  4. Job security.
  5. Good wages and benefits.
  6. Interesting, challenging work.
  7. Opportunities for growth in responsibilities and compensation.
  8. Management's loyalty to employees.
  9. Good working conditions.
  10. Tactful discipline.

 

Bob Epstein is CEO of Silverman Jewelers Consultants. Since 1945, Silverman has been considered one of the premier sales consulting firms to the jewelry industry, specializing in improving cash flow and maximizing the recovery on distressed inventory through professionally conducted sale events. Bob can be reached at 800-347-1500 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..


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