Amid the “great resignation” of 2021, more organizations are looking into conducting stay interviews to prevent employees from leaving. But because they are often seen as less important than exit interviews, stay interviews remain a mystery to many employers.
But some of the most common reasons for Canadian employees wanting to quit are due to unmatched compensation expectations, lack of career growth opportunities, and insufficient benefits being offered, so a stay interview allows companies to identify these reasons early and address them appropriately.
Conducting stay interviews can also uncover new and innovative learning and development opportunities for both the company and employees.
Additionally, they can help increase employee engagement and trust in the workplace.
But, asking the right questions is crucial for a practical stay interview. For a full list of key questions and five tips for effective stay interviews, check out this in-depth article.
