Stay interview a missing facade of employee retention

Employees are the most important and valuable assets of an organization. Organizations today are doing their best to hold on to their employees. Retaining them is as important as hiring them in the first place. Retention is the next challenge after hiring the employees. Retention is important because to make good people stick in the organization. Stay interview is the new trend in HR. stay interview help to understand employees feeling, perception towards organization.

The study was conducted in N.S. Info Tech Hubli one of the finest IT enabled service organization which is located in vidyanagar. The purpose of this paper is to identify the attrition rate, the factors reducing employee turnover and to explore the impact of retention strategies using the stay interview as a tool on employees. The Objectives of the research are to determine the employee turnover at N.S. Info Tech to identify the facilitating factors and hindering factors that makes employee to perform better in organization, to study the impact of few variables and to conduct the stay interview as intervention regarding improvements in retention strategy. The research was carried out in three phases. Phase one we were trying to identify the attrition rate for the year 2014–2015. Phase two was face to face interaction with all the employees in order to understand the facilitating and inhibiting factors for the employees. Stay interview was conducted for 101 employees; with random sampling. Phase three was all about designing and administering questionnaire to understand the impact of few variables on organization as well as employees. The results of the research revealed that employees are happy with working environment; training but employees are expecting betterment in salary, flexible practices and designation. Company should focus on betterment of above parameter to achieve its objectives.