A Powerful and Low-Cost Employee Engagement and Retention Tool -Stay Interviews

Overview: 
The best way to find out what your employees want and how to retain them is to ask them. Ask questions to gauge how you're meeting your employees' expectations. Not just "How's it going?", but specific questions to get specific answers. Explore why these people remain with your company. Why did they join the organization? 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?

• Provide a two-way conversation and a chance to ask questions
• Get more in-depth understanding of that employee's current motivation
• Offer managers the opportunity to quickly reinforce the positives and deal with the employee's concerns

• They stimulate the employee: Most employees are excited simply by the fact that the organization is concerned about their future and that their manager took the time to consult with them
• They're personalized: Unlike engagement surveys and many other retention tools that are focused on what excites a large number of employees, this approach is customized to a single identifiable individual and their wants
• They include actions: Unlike exit interviews, which only identify problems, stay interviews also encourage the parties to identify actions that can improve the employee experience and actions that can help eliminate any major turnover triggers
• They are inexpensive: These informal interviews don't require a budget. In most cases, a half to an hour of a manager and an employee's time are the only major cost factors

• Identify Five key Factors that impact an Employee's desire to Stay or Leave
• Recognize Four Possible "Triggers" that cause the Employee to Consider Leaving
• Learn how to ask Probing Questions and Conduct Effective, Efficient Stay Interviews
• Survey a List of Eight Retention Actions to Increase Employee's Loyalty and Commitment
• Review a sample of Stay Interview Questions and Develop your Own Customized List to ask
• Discover how to Develop Stay plans for your Employees and Manage Accountability
• Develop a Simple "how-to-toolkit" that Includes who to select, How and when to approach; Interview Formant and how to handle Possible Resistance

• CEO's
• COO's
• VP of Human Resources
• Chief Learning Officer
• Directors
• Project Managers
• Operation Managers and Supervisors
• Team Leaders
• Staff Managers and Supervisors
• Human Resources Professionals