7 Reasons Why You Should Use Stay Interviews
Stay interviews lead to improved engagement and improved retention, making them more effective and efficient than many other retention initiatives.
Below are 7 reasons why conducting stay interviews can benefit your organization:
Reason #1: Managers conduct them instead of HR and we know now that leaders on all levels drive engagement and retention with their direct reports.
Reason #2: Managers then provide solutions that are individualized, one-on-one, rather than program solutions that are one-size-fits-all but don’t fix anything.
Reason #3: Managers learn to ask the right questions and then probe deeply for the absolutely most important issues for each employee, rather than have superficial “How’s it goin’?” hallway conversations.
Reason #4: Aggregated data leads to company-wide fixes for work/life balance and other white-hot issues and is fresher and more reliable than any engagement survey results.
Reason #5: Never again will an employee’s exit cause you to say, “Had we only known this, we could have fixed it”.
Reason #6: Stay Interviews are targeted to both continuing and newly-hired employees and data tells us that fixing engagement and retention issues early leads to longer engagement and retention overall.
Reason #7: Engagement and retention solutions happen from the bottom up rather than tops-down or from HR on the side and most, if not all, of the engagement and retention action happens with each employee’s relationship with his supervisor, peers, and duties. This is where the engagement and retention action happens!
And here’s a bonus reason, #8: Stay Interviews will teach your supervisors to build trust.
Although Stay Interviews are effective on their own, another way to apply them is to supplement your engagement survey process. Since surveys bring data but no solutions, ask your supervisors on all levels to conduct Stay Interviews as part of their survey action plans. Then they can dig deeper into survey results and develop solutions that address the needs of the group and also for each individual employee.
Want to know more about how C-Suite Analytics can help you with employee retention and engagement? Visit their website or reach out to Rick Daughtrey, VP of Business Development, at rdaughtrey@c-suiteanalytics.com or (941)-795-1471.