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Everyone is familiar with "exit interviews," but the fierce competition for talent is leading many companies to take a more proactive step: "stay interviews."
As the name suggests, stay interviews are designed to give employees a chance to give feedback and insight into their experience at work so that companies can better meet their needs and concerns. The point isn't asking employees to stay; it's to discover what dissatisfactions they have that might lead them to leave their current job.
The concept is gaining more attention in the media, as large numbers of employees have left their jobs and employers are scrambling to find better strategies to attract and retain employees. Despite ongoing warnings of a recession, the labor market remains red-hot. The most recent report from the U.S. Bureau of Labor Statistics found there were 9.9 million job openings in the U.S. at the end of February, even at a time when there is very high employment. The same report found that more than 4 million Americans quit their jobs in February. .
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