It is a structured conversation between an employer and an employee with the goal of understanding and addressing the factors that contribute to an employee's job satisfaction and commitment to staying with the organization. Unlike an exit interview, which takes place when an employee is leaving the company, a stay interview focuses on retaining valuable employees by proactively identifying and addressing any concerns or issues they may have.
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Five things you should always do in interviews - Advice for interviewers and interviewees
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