Woking styles are changing, with the reasoning of the employees and employers a lot. Now the company requires to retain the employee for a sustained period of time in order to create the goodwill in the market and making the team felicitous with them for longer profits. The stay interviews are one such strategy to build trust among the employees, and building a better future in the market. At the exit formalities, it is quite late to identify the real problem the employee is facing and to retain them.
The stay interviews are for the employees that are helpful to gather the knowledge about the organization that you can retain the other team, policy in order to grow. In the past, employers believe that in order to grow in the market- it is very important to keep the customers happy, leaving behind employees. But today, corporate owners believe that happy employees only keep the customers happy. So, before the customers, employees must be contented and happy.
In this blog, we have listed out few benefits of stay interviews as employee retention interview.
Stay interview is very beneficial for building trust among the employees. It is giving a chance to access the degree of satisfaction and happiness employees have for the company for a longer run. Employees always prefer to work in an environment where he/ she can grow and share their thoughts on the projects. The needs, the thoughts. The ideas must be respected- are the few requirements of the employees. When HR does the Stay interviews, they get a chance to communicate in this topic and build trust. Employee retention interview is best to build trust.
How To Do Stay Interviews
Most of the organization lack trust, and open communication with the employees. Stay interviews can be very beneficial for communicating with them and understanding their requirements. Good answers can be effective for making new policies and making the employees happy with the longer results in profits and customer base retainment. This process also boosts sales.
How To Make It Effective
Stay interviews can be effective only when employers are ready to make some effective change in the policy of the employees to retain them. If after the stay interviews, positive changes will not come in the policy, the next time the stay interviews will not be effective.
How To Conduct Stay Interview
Stay interviews must be conducted by managers and Hr of the company. This is for the benefits of open communication, and trust. It is always advisable to arrange the stay interviews in private, or in written format.
Keeping The Data Safe
It is very important to keep the data of the stay interviews safe with the Hr while discussion so that they can be used while policy-making later after. Stay interviews involve time and efforts. So, the data gathered there must be kept in the correct order, and keep it safe for improvements.
Stay Interviews are effective if they are taken into good care by the organization, and employees.