Employee satisfaction is an intangible but powerful tool that can create a more engaged and productive workplace. It’s not only important for individual productivity but also benefits the entire company. Happier employees do their jobs better and stay with companies much longer than their dissatisfied counterparts. By retaining these employees, you’ll reduce overhead costs and improve profitability. That’s why it’s essential to catch up to the changing needs of your workforce and keep your employees satisfied.
Unlike exit interviews, which help companies determine factors that caused employees to leave, stay interviews help you stop turnover in its tracks. Stay interviews are the newest trend and allow you to assess the levels of engagement and satisfaction in your organization. They highlight issues early on and build trust with your employees, which will end up reducing the need to perform exit interviews at all. Engagement surveys and exit interviews are still essential but here’s why stay interviews are also important.