“The Great Resignation” has become such an issue for organisations that they’re starting to look for new ways to improve employee retention. The one that’s getting a lot of attention – it was introduced recently by the global communications agency M&C Saatchi, for instance – is the “stay interview”.
Stay interviews aren’t just conducted when an employee is considering leaving – but also as part of regular one-to-one sessions with a line manager to work out what would encourage an employee to stick around; they’re also designed to make sure problems and issues can be ironed out early on. With record numbers of employees quitting their jobs, it makes sense that employers are switching their focus from “why are you leaving us?” to “what are your concerns and how can we improve things?”
At M&C Saatchi, employees have regular conversations with either HR, in-house recruitment or mental health first aiders about how they feel, what’s important to them and what areas of the business can be improved. Barely two months since the initiative launched, these stay interviews have led to two concrete policy changes: introducing more variety within roles; and providing opportunities for additional learning.
Get your certificate in Retaining Talent
The great resignation and employee turnover are popular management topics at the moment. We’ve selected a few tasks to help you retain staff. Complete four and receive a digital certificate!Get started now
Register for Free Access
Not yet a Member, Subscriber or Friend? Register as a CMI Friend for free, and get access to this and many other exclusive resources, as well as weekly updates straight to your inbox.
You have successfully registered
As a CMI Friend, you now have access to whole range of CMI Friendship benefits.
Please login to the left to confirm your registration and access the article.
Our extensive range of articles are designed to keep you in the loop with all the latest management and leadership best practice, research and news.
Members See More
CMI Members have access to thousands of online learning and CPD resources. Learn more about our membership benefits
Join The Community
CMI offers a variety of flexible membership solutions, tailored to your needs. Find out more and get involved in the CMI community today.