Moneyzine
Contents
/Careers Guides/Stay Interview

Stay Interview

Moneyzine Editor
Author: 
Moneyzine Editor
1 mins
September 26th, 2023
Advertiser Disclosure

Definition

The term stay interview is used to describe a process that attempts to determine why an employee chooses to remain with a company. A stay interview is in direct contrast to an exit interview, which aims to determine why an employee chooses to leave the company.

Explanation

The purpose of a stay interview is to retain valuable employees by determining the factors that motivate them to remain with the organization. Typically, stay interviews are conducted with employees that have been identified as "high potential" or are deemed at risk of leaving the company.

Conducting stay interviews is believed to help organizations:

  • Identify the variables that lead to an increase in employee satisfaction or may result in a decrease in satisfaction.

  • Retain valuable employees, increase employee engagement, and reduce the overall rate of employee turnover.

  • Demonstrate the company values high potential employees.

  • Identify problems with employee morale before it results in unwanted turnover.

Example

The list below provides examples of the types of questions that might be asked during a stay interview:

  • To what extent do you feel your talents are utilized in your current role?

  • What changes can the company make to take advantage of your skills?

  • How does your work impact the company's customers, or lead to the company's overall success?

  • If a family member or friend were to ask you why you stay with the company, what would you tell them?

  • What types of on-the-job recognition have you received in the last three months?

Related Terms

Related Content

Is It Worth Pursuing a Master's Degree?
In an era where education is synonymous with opportunity, many consider pursuing a Master's degree a surefire way to advance their careers. However, is it really the golden ticket to success we've been led to believe?
March 21st, 2024
The gender pay gap, the persistent disparity in average earnings between men and women throughout their careers, serves as a critical measure of wage inequality. This gap underscores the ongoing issue of income disparity, despite the ideal of equal pay for equal work.
March 14th, 2024
7 Essential Financial Moves After Losing Your Job
Navigating the stormy seas of job loss? You're not alone.
February 23rd, 2024
The Most In-Demand Skills to Get Hired in 2024
Every job requires a combination of vital skills, but what skillset is valued most in 2024? As the job market evolves, staying ahead means it’s key to understand and acquire the skills that employers value most.
February 20th, 2024
Key Productivity in the Workplace Statistics for 2024
In 2023, global employee engagement saw a slight uptick, with 23% of employees engaged, up by two percentage points. However, a sizable 59% are categorized as disengaged, while actively disengaged employees, known as "loud quitting," declined to 18%. These figures highlight the persistent challenge for organizations to cultivate happiness and productivity in the workplace.
January 31st, 2024

Contributors

Moneyzine 2024. All Rights Reserved.