The stay interview, like the exit interview, is not a new practice. Business leaders are slow to implement the former which I argue is counterintuitive. Exit interviews offer institutions, government agencies, and firms alike insight into why employees leave and what organizational changes may prevent a like-caliber employee from moving on in the future. But, let us face it, the exit interview can only offer the potential to corrective action if the person receiving the exit interview information can actually use it – or better yet – make a useful change with the feedback.
An exit interview, while still valid for gathering knowledge, is more about cleaning up the pieces. It is also all too often emotionally fueled due to the upsetness (some) managers face by losing an employee. Conversely, the stay interview approach is about preparation. If a valued employee gleans perspicacity into a glaring problem, a manager has an opportunity. This opportunity is particularly unique because the awareness gained can be used to motivate and retain the "stay interviewee." Rather than a broad stroke, a manager has the chance to make slight adjustments for each team member, ensuring continued discretionary effort and fueling manager-subordinate discourse rooted in trust.
To my earlier point, the individual receiving feedback from the employee needs to have either influence or a path to an individual who can influence - even if small - change. An unfortunate practice, one particularly common with exit interviews, is when senior leadership never even bothers to review the responses — what a missed learning moment. From recurring themes to insights about the type of employee that is less successful at the organization, the data offers a wealth of information.
Let us assume you are new to this but think the idea of engagement and retention sounds appealing. How do you get started?
Preface the stay interview conversation with the worth the employee offers the organization. Next, candidly share the importance of understanding their experience at ABC company, and that the following questions are to understand what is meaningful to them, and to learn what areas need development.
What do you like most about working here?
What do you like least about working here?
Is there something you look forward to when you come to work each day?
What keeps you here?
If there is something you could change about your job, what would that be?
What motivates you?
What can I do better as a manager?
What talents are not being used in your current role?
What might tempt you to leave?
Do not forget to recap what you heard. Provide a real-time occasion for the employee to clarify or refine statements. Listening is an essential skill, after-all! Does your team member have a lot of sentiments about what needs to be changed? Set the expectation that change doesn’t happen overnight and be sure to communicate openly about what you have or do not have control over and what actions you will be seeking. A conversation without action (even if mostly positive) diminishes the value of a stay interview.
This article was first published via LinkedIn Articles