Stay interviews gaining popularity as talent supply tightens

Dive Brief:
Exit interviews are fairly common when an employee decides to leave, but the tightening labor market is giving employers reason to start doing “stay interviews” as a proactive talent strategy, according to a new survey.
The survey of 100 HR executives, from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc., found that more than 50% of respondents said their companies were already conducting stay interviews or planned to start doing so soon.WorkTrends-Preview-How-to-Face-the-Scariest-Employment-Challenges-of-2016-FINAL-1-740x431
While exit interviews help employers determine what they are doing well (or wrong), stay interviews look to provide all the same insights before an employee leaves, helping the employer figure out why talent stays and what might compel them to leave.
Dive Insight
Stay interviews may start getting even more attention, as labor markets get tighter around the country, according to Challenger.