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Newsletter Article

Member Benefit

Want to Reduce Turnover? Have Stay Conversations

Published Fri Nov 12 2021

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It’s estimated that almost half of the American workforce is either actively looking for a new job or alert to better opportunities. This turnover is not a foregone conclusion, though. According to recent studies of voluntarily departing employees, 52 percent said their manager or organization could have done something to prevent them from leaving. Why do these desires and expectations go unfulfilled? The simple answer is that they’re uncommunicated. To prevent this from happening, consider having stay conversations with your employees. These are one-on-one discussions designed to learn more about your employees—their goals and their passions—and understand what they need to be successful and engaged in their roles. There are numerous benefits to having stay conversations, but one of the main ones is that they can expose the barriers to a meaningful employee experience that they may be unaware of. Feedback should always be viewed as a gift, and honest dialogue will lead to more positive outcomes.

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