A "stay interview" is a proactive strategy used by companies to retain employees by understanding their motivations, ambitions, and challenges.
Unlike performance reviews and exit interviews, stay interviews focus on real-time feedback to enhance employee satisfaction and alignment with company goals. Conducted biannually, they help identify factors influencing engagement and retention.
Employees can initiate stay interviews to discuss career aspirations, express concerns, suggest improvements, and set future goals. Effective stay interviews require open communication and a commitment to act on feedback, leading to improved job fulfillment and reduced turnover, benefiting both employees and employers.