DON’T BE CAUGHT OFF GUARD: AVOID SURPRISE RESIGNATIONS WITH STAY INTERVIEWS
Anne Laguzza, The Works Consulting, CALSAGA Network Partner
Picture that one employee who you can always count on. They have a positive attitude and regularly perform at the highest standards. Everyone on the team likes working with them, too.
Now imagine, sitting down at your desk on a seemingly uneventful Tuesday morning only to open your email and find a resignation letter from that employee. You’re immediately confused and feel panicked. All you can think about is how you have to now scramble to keep them. Unfortunately, in my decades of experience in Human Resources, it is too late. It’s unlikely that anything you do at this point will retain that employee.
This situation is very common for leaders, but it is avoidable. The most effective strategy to avoid this shocking moment and increase retention is for leaders to conduct stay interviews.
What is a Stay Interview?
Most commonly, leaders conduct interviews only during the hiring process and when someone leaves the company. Stay interviews are conducted by leaders at scheduled intervals with their direct reports throughout their employment. Stay interviews are proactive, one-on-one conversations between a supervisor and their direct reports where the supervisor essentially checks the temperature of the employee.
The feedback collected during the stay interview provides leaders with the opportunity to know well in advance if there is anything prohibiting that team member from doing their best work and provide solutions before the person considers looking elsewhere for employment (and definitely before they give their notice).
How do leaders conduct Stay Interviews?
Stay interviews are most effective when leaders schedule them at regular intervals throughout the year with their direct reports. Start with scheduling 2 stay interviews a year with your administrative team and supervisory teams individually.
Leaders should also consider scheduling stay interviews during times of internal transitions or changes and when external events may impact employee morale and productivity.
When you sit down one-one-one with your direct report, ask open-ended questions to find out:
- What aspects of their job do they enjoy the most?
- What aspects of their job do they enjoy the least?
- What tools/training do they need/want to perform their job at the highest level?
- Are there any road-blocks preventing them from meeting your expectations?
- What do they need from you, as their supervisor, to be successful?
The stay interview is a time to collect feedback and for idea sharing between the leader and their direct report. The overall goal is to provide a space to have an open discussion about ways to keep your direct reports engaged and identify solutions to any problems before they lead to a resignation.
What are the benefits of Stay Interviews?
A stay interview is a leader’s best tool for retention and creating a place where their direct reports want to come to work. Stay interviews provide various benefits to leadership:
- Build trust and loyalty: According to iHire’s 2024 Talent Retention Report, people who left their jobs voluntarily in 2024 did so named “poor company leadership,” “unhappy with manager/supervisor” and “toxic or negative work environment” as the top 3 reasons for exiting. Leaders can improve their manager-employee relationships through stay interviews as a way to demonstrate that they value their employees’ opinions and are there to help problem-solve, two key factors in building trust and loyalty.
- Get ahead of challenges: Stay interviews allow leaders to find out how their employees are actually doing. Through open ended questions, leaders can discover problems between processes and/or people, providing an opportunity to be able to help with solutions early on.
- Retain high performers: Stay interviews provide valuable insight into keeping your high performers engaged. Are they happy with their position? Do they want to be challenged with new opportunities? Checking in with your high performers at scheduled intervals is a simple step that will ensure they feel valued.
Don’t be caught off guard. It is possible for leaders to know truly how each of their employees are doing in the workplace and understand ways to keep them engaged so the entire company performs well. The key is to maintain open communication by regularly conducting stay interviews.
Interested in learning more about how to effectively implement stay interviews? Join us for a free live webinar on Wednesday, Feb. 19 at 10 a.m. PT. Register to attend by clicking here.
Anne Laguzza is the CEO of The Works Consulting, a CALSAGA Network Partner. As a seasoned business executive with human resources management, leadership development, and performance coaching experience, Anne works with clients from a variety of industries to develop better systems, maximize employee productivity, and enable management to focus on business growth. For more information, check out theworksconsulting.com or email anne@theworksconsulting.com. You can also find Anne on Instagram and LinkedIn.