One study reported that 86% of employees plan to pursue new jobs and employee turnover is on the rise and is expected to continue to worsen over time. In addition, over 60% of companies report having difficulty recruiting key talent. Most companies see retention as a key strategic imperative but less than half have a specific retention plan. Unfortunately most retention efforts are overly general, are expensive, and have little positive impact on turnover.
Stay/retention interviews offer a specific, targeted, and effective solution to the turnover problem. Rather than throwing money at the problem this tactic gets at the source of the retention issues by determining why each employee is likely to stay or leave and then develops an effective plan to retain valuable employees. This webinar provides specific and useable tools for conducting stay interviews in your company. The core of the toolkit is actual interview questions in ten key areas. This process leads to a plan of action that increases the probability of retaining valuable employees. The Retention Toolkit gets at the source of the problem and allows managers and employees to work collaboratively to create realistic plan of action.
WHY SHOULD YOU ATTEND?
Participants will learn the specific steps and receive the necessary materials to conducting an effective retention interview. Stay interviews are a proven method of decreasing turnover and increasing retention. Turnover across the country has been increasing and is expected to continue to increase resulting in increased costs and reduced company effectiveness. CEOs have identified employee retention as a critical business imperative and stay interviews offer a targeted and specific solution to turnover. Stay interviews have the benefit of increasing employee motivation, engagement, development and empowerment. Retention interviews offer a targeted process for focusing retention efforts on high impact employees. Stay interviews identify areas of retention risk and a proactive solution for managing that risk.
Learn a system for tracking retention in relation to risk of leaving and employee performance
Understand the real cost of turnover
Understand the factors of why employees stay and why they leave
Understand the cycle of a retention plan and the important metrics to measure
Understand the link between employee satisfaction, motivation, and engagement and how it relates to stay interviews
Learn why retention interviews are vastly superior to exit interviews
Learn how to hold managers accountable for retention
Learn the 5 essential communication steps in the interview process
Understand the process of using the retention interview toolkit
Learn how to set the stage and actually conduct an effective interview
Receive questions linked to the 10 essential retention factors
Receive a toolkit for actually conducting stay interviews
WHO WILL BENEFIT?
Any leader wanting to improve performance and reduce "the wrong turnover."
Bob Verchota, SPHR, is the President and owner of RPVerchota & Associates, a human resources and management practices consulting firm. He has over 30 years of human resources and operational leadership experience. His most recent corporate assignments include serving as VP Support Services, VP of Ancillary Services and Human Resources, and VP Human Resources.