|STAYview – The Real Stay Interview - Launched to Help Employers Implement Stay Interviews to Improve Engagement and Retention.HRsoft announced the launch of the first web-based solution available for employers to have a complete Stay Interview process to improve employee retention and engagement. Branded STAYview, the product is now available to employers.
Making the announcement, David Kennedy, HRsoft Chief Operating Officer, said, “CEOs told us there was a desire to conduct Stay Interviews so we sought out and collaborated with the recognized global expert to design and build this turnkey software solution. Up until now, there has not been an easy organized way available for employers to implement the process. “ Added Kennedy, ”We are excited to work with Dick Finnegan, CEO of C-Suite Analytics, and his colleagues who are experts on retention and Stay Interviews.”
The new STAYview solution automates the complete workflow allowing companies to implement in less than 30 days producing faster time to value than any other Performance Management initiatives available today.
Richard Finnegan is the author of two leading books on retention, Rethinking Retention in Good Times and Bad and The Power of Stay Interviews for Engagement and Retention. Finnegan said, “Senior managers know that unwanted turnover and dis-engaged employees drag down profits, and traditional solutions like engagement surveys and exit interviews have run their course. Conducting Stay Interviews is an effective, fast solution that gives a mega-return on investment in the form of increased revenue and earnings. Our research shows that improvements in engagement and retention have direct impacts on revenue produced per employee and for the company as a whole.”
Finnegan added, “Most importantly, leaders must take responsibility for their own talent. The STAYview tool includes a method for each manager to forecast how long each employee will stay. This is the lock-down retention tool.”
STAYview offers employers a new approach for implementing a Stay Interview process and takes care of organizing and tracking the interviews using a flexible My Team method. All elements of a Stay Interview program are managed in a convenient way with the easy-to-use software which can integrate with a company’s core HR system. STAYview can integrate with Performance Management and other Talent Management solutions, as supplied by HRsoft or other vendors.
Kennedy, HRsoft COO, concluded, “The most effective way to increase engagement and retention is through straightforward Stay Interviews – direct conversations about how the company can keep employees and especially keep top performers. This is a proactive, personalized approach to finding out what people want by asking them while they are still there rather than after they separate”.
Key elements of the new software solution include: