The Power of the Stay Interview

The Bureau of Labor Statistics reported that 4.4 million people quit their jobs in February 2022 – another near-record high.  The Great Resignation continues to spotlight the people risks that today’s leaders face as valuable employees continue to submit their resignations in this exceptionally tight labor market.

Sure, there is value in conducting exit interviews to gather insights and data to understand the reasons why talented employees are leaving.  But why wait for the resignation to take place?

A powerful, yet vastly underutilized tool to get ahead of the resignation email, is the “stay” interview.  A recently published article by Harvard Business Review (HBR) argues that managers should spend just as much time understanding why employees choose to remain in their jobs as they expend learning why they are departing.

We like the practical and easy-to-implement advice that HBR shared to implement stay interviews.  HBR recommends that you fold stay interviews into existing one-on-one meetings with your employees or minimally consider conducting them monthly.  HBR further suggests that you ask the following four questions that address common retention issues:

  • What’s your frame of mind today?
  • Who do you feel connected to at work?
  • What barriers can I remove for you?
  • What new thing to you want to learn that will excite you and help you grow?

Read the HBR article here.

 


Links to Navigate the NOW Normal.

In last week’s blog post, we provided a list of links to help consultants, job seekers, and others navigate the “now” normal.  In this week’s post, we provide additional links with a focus on networking. 

8 smart ways to keep networking while you’re stuck at home.
The wisest among us are not letting the quarantine stop mission-critical networking.  Fast Company magazine shares 8 tips from a networking guru.
Click here.

How to network in the age of Coronavirus.
A marketing & branding consultant shares her advice with Ladders.
Click here.

The dawn of the virtual happy hour.
Happy hours haven’t gone away.  They are still going strong, and they definitely fuel networking.  Learn more via Forbes.
Click here.

Virtual happy hours are boosting morale at work.
Chief Executive magazine provides additional perspective on the virtual happy hour trend.
Click here.

10 tips to secure your Zoom video calls and meetings.
Stay safe with these helpful tips from cybersecurity advisory Joseph Steinberg.
Click here.


Experience TABL

Congrats to Croixstone consultant Tony Armeni on facilitating his very first TABL event for 15 senior-level executives from NewDominion Bank and Park National Bank.  TABL is Croixstone’s new culinary team-building experience that couples world-class cooking instruction with a customized application of DiSC, the training and development tool designed to improve work productivity, teamwork and communication.


Employee Engagement & Work Environment

Does workspace design drive employee engagement? 

In partnership with global market research firm Ipsos, office furniture and workspace industry leader Steelcase has published a new report entitled “Engagement and the Global Workplace” that explores the relationship between employee engagement and the work environment.  Conducted with more than 12,000 office workers in 17 countries, the study uncovered a correlation between employees’ attitudes about their workplace and their level of engagement.

Because most experts believe that the number of disengaged workers outnumbers those of engaged workers, the findings of this report are helpful to understand to improve bottom line results.

Key findings from the comprehensive survey include:

  1. Employee Engagement Positively Correlates with Workplace Satisfaction
  2. Engaged Employees Have More Control Over Their Experiences at Work
  3. Fixed Technology Exceeds Mobile 2:1
  4. Traditional Workstyles Persist
  5. Cultural Context Influences Engagement Levels

Read the full report at:  360steelcase.com