ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Every Employee at This Dollar General Store Quit; What Led to This Mass Resignation?

There was a placard at the store that read: "We QUIT! Thank you to our amazing customers. We love you and will miss you."
PUBLISHED MAR 13, 2024
Cover Image Source: Dollar General store employees quit (representative image) | Photo by Kampus Production | Pexels
Cover Image Source: Dollar General store employees quit (representative image) | Photo by Kampus Production | Pexels

Recently, a surprising sight greeted customers entering a Wisconsin Dollar General shop. The store's front was decorated with signs announcing the simultaneous resignation of every employee, per 9News. On a Saturday morning, the store—which is about 54 miles from Madison in Mineral Point, Wisconsin—had a big green sign with this statement on it: "The store is CLOSED. The whole team has walked away due to a lack of appreciation, being overworked and being underpaid." There was another placard that read: "We QUIT! Thank you to our amazing customers. We love you and will miss you."

iamge Source: Nick Fewings | Unsplash
Resignation note (representative image) | Photo by Nick Fewings | Unsplash

The signs that were put up outside the store were shared on the Iowa County Confessions Facebook group. Additionally, a handwritten letter on notebook paper was discovered near the store's entrance. This letter provided more details about why the staff chose to leave the store.

"Take this as a notice that we the team at store 20610 located in Mineral Point, WI all quit! We can not and will not work for a company that does not stand behind in true honest form of what they want the world to see them as. Although we love and adore our customers, we must take a stand for the community and not allow corporate greed to continue preventing people in need of the help they need and could receive. Policies, processes and procedures need to change! Don't make claims about supporting and helping communities when the reality is that it's all about the bottom line and not about support or help!"

According to KSDK, a news affiliate of NBC, Dollar General confirmed that the store remained closed for about three hours on Saturday morning before reopening.

Kaique Rocha | Pexels
Closed sign on store door (representative image) | Photo by Kaique Rocha | Pexels

Retaining employees is essential to the health and success of your company. Hiring and training new hires requires a significant investment of time, money, and resources, and turnover can harm your company's performance. A high employee turnover rate causes several problems, such as higher expenses, knowledge loss, and lower production.

Turnover costs

Hiring new staff can be costly, sometimes amounting to 213% of an employee's base pay, per Recruitee. Organizations pay up to $1 trillion a year on turnover costs in the United States alone. This covers the costs of hiring new hires, conducting interviews, providing onboarding and training.

Knowledge loss

Skilled workers take their knowledge and experience with them when they depart. Important information can be lost forever if they haven't shared their knowledge with their peers. Reduced productivity and confusion among the remaining team members may arise from this loss.

Reduced productivity

As work hours are lost when a post is empty, productivity declines. It might be necessary for other workers to pick up the slack, which can result in burnout and a drop in output as a whole. Furthermore, it takes time for recent hires to catch up to more experienced staff members in terms of production. Studies show that it usually takes a new hire one to two years to reach the same production levels as an experienced worker.

Image Source: Photo by Paul Efe | Pexels
New hires take one to two years to reach the same production levels as an experienced worker (representative image) | Photo by Paul Efe | Pexels
MORE ON MARKET REALIST
The product in question contained peanuts, a known allergen, and was mislabeled.
1 hour ago
In an interview, Pichai stated that organizations will need to work through the disruption.
2 hours ago
The money from the donation will go to millions of children and will help them be financially secure.
4 hours ago
Kiyosaki urged people to invest in precious metals and cryptocurrency to be prepared.
21 hours ago
She's not made a lot of public appearances since her mammoth win on the show.
21 hours ago
Despite the cancellation of its contract, Musk believes that DOGE was on the right track.
22 hours ago
Hundreds of shoppers waited in line overnight in the cold, only to be left utterly disappointed.
22 hours ago
Speaking to CNN, Yang talked about how AI will impact communities and what could be the solution
22 hours ago
The move has been hailed by those who already own houses, but those who do not will be in trouble.
22 hours ago
Many believe that the cost of a college degree is a debt they'd want to bear for years to come.
1 day ago
Tim Wu, a Columbia Law School professor, says companies are trying to find power over people.
1 day ago
These young Americans are often condemned for their trading habits, but there is logic to it.
1 day ago
This adds another chapter to the seemingly endless product recalls this year has seen so far.
2 days ago
The new format added an element of unpredictability, which might not have been present earlier.
2 days ago
There was no official announcement or statement by the company about the move.
4 days ago
He also cautioned that investors are ill-prepared for the challenges that lie ahead as the AI cycle enters a "more dangerous phase."
4 days ago
The price point of these passes may come as a surprise to some as prices of necessities are rising.
4 days ago
The contestant did his best but was not able to get the correct answer in his ten seconds.
4 days ago
He tore the President apart in a video on social media, making his disapproval known.
5 days ago
The faulty products could lead to serious harm and may even result in death in the worst case.
5 days ago