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While Exit Interviews deliver useful information about the organization and the departing employee’s manager, when it comes to keeping good people on board, they are analogous to closing the barn door after the horse is out. On the other hand, Stay Interviews are about your valued employees’ job satisfaction as well as their short- and long-term goals and objectives. The Stay Interview is an effective employee retention tool that will help you keep your best people on-board and happy. (According to recent studies, employee engagement hinges directly upon the quality of the manager’s relationship with his or her people and companies that conduct Stay Interviews enjoy a higher percentage of highly motivated, engaged employees.)
Stay Interviews can be either formal or informal. Here are a couple of suggested scripts:
At the end of the conversation, summarize the discussion and agree to the actions you will take or that you will undertake together.
Suggested Stay Interview Questions