Stay Interviews: A Powerful and Low-Cost Employee Engagement and Retention Tool
A recent LinkedIn news article titled "Exit Interview, Meet Stay Interview” states:
A recent LinkedIn news article titled "Exit Interview, Meet Stay Interview” states:
“Scores of people are leaving jobs for greener pastures. That's a lot of exit interviews. While the Great Reshuffle is upon us, and looks to continue well in 2023, a new kind of interview is growing in popularity - the stay interview. It's a conversation not focused on reasons for quitting, but rather why workers are staying put. It's part of an effort to "dial up retention efforts during the record turnover."
Are you looking to boost your retention efforts? Incorporating stay interviews into your engagement and retention strategies can play a pivotal role in retaining your most valuable talent and preventing them from seeking opportunities elsewhere. It is considered the most effective tool that managers can utilize in nurturing a committed and satisfied workforce. By proactively understanding what motivates employees to stay, organizations can foster a positive work environment and foster loyalty among their team members.
Are your employees engaged? Do they feel committed to the work they are doing? Do they brag about your company to others as a great place to work? The best way to find out what your employees think and how to retain them is to ask them. Not just “How’s it going?”, but specific questions to get specific answers. Explore why your people remain with your company. How well are their objectives or dreams being fulfilled? Which aspects of their work do they enjoy the most? Which do they least enjoy? Are they receiving sufficient opportunities for growth and development? What would influence them to look elsewhere?
The stay interview will help managers understand why employees stay so that those important factors can be reinforced. They also signal frustrations that can be nipped in the bud before they drive the employee to start looking elsewhere.
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How to Conduct Exit Interviews - Implementing and Enhancing your Exit Interview Program
An employee hands in his resignation and walks out the door and with that person walks out valuable skills, knowledge, and capabilities. You are sorry to see them leave, and you don’t want to lose any more like them. Also walking out is the key to how to keep good employees and how to make your business better than ever. The key is Exit Interviews.
Exit Interviews can provide critical information that only leaving employees can provide. This is information that can reduce turnover and increase retention. With this information it is possible to increase employee satisfaction, improve business systems, increase engagement and commitment, and maximize quality. Simply put, information is power, and Exit Interviews can provide strategic knowledge that you can‘t live without.
This webinar by industry expert speaker Bob Verchota, will provide you all the tools you need to start your Exit Interview program or improve the one you have. It isn’t rocket science but there are best practices and considerations for doing them well. Our intent is to get you up to speed as quickly and effectively as possible.
As a part of toolkit, attendees will receive:
During this webinar you will:
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HR directors
Business owners and senior leaders
HR generalists and interviewers
Directors, managers, and supervisors
Anyone wanting to develop a listening culture
CEO’s, COO’s
VP of Human Resources
Chief Learning Officer
Directors
Project Managers
Operation Managers
Supervisors
Team Leaders
Human Resource Professionals