The company that has a higher turnover rate is recognized as being in a complicated state, since, having such can be very harmful to a company’s productivity, and basically it is an occurrence caused by the act of the skilled and valuable workers to leave the company and in result were being replaced by the newbies and novices. There are a lot of various reasons as to why turnover happens, and some of the most common includes absence of a clear career path, poor employer-manager relationship, lack of recognition and low employee morale, and for the business companies who wants to avoid such undesirable occurrences, it is much better if they would address the issue of their employees professionally and immediately. The business companies have already discovered the remedy for such undesirable occurrences, and that usually begins by identifying the reasons of the employees why they decided or might decide to resign and that is what they called as stay interview. The result of a stay interview will definitely help and provide the HR manager and employer an opportunity to build trust with their employees, the chance to assess the degree of the satisfaction of every employees, to obtain various information and knowledge of how to improve the said company and how to retain valued employees. Most of the companies are offering their employees with various benefits just to make their employees change their mind about resigning in their company and some of the most common benefits they tend to offer to their employees includes flexible schedule, paid holidays and paid sick days. One of the basic goals of every HR managers and employers, is the ability to retain your employees and that is what they called as employee retention which is being represented by a simple statistic and produced in a given period.
Some of the most common programs for retention includes executive coaching, career development, women’s retention program, motivating across generations, and orientation and onboarding, and these programs for retention were designed and produced by various business companies to help increase the rate of their employee retention. An employee retention software is one of the products of modernization which are produced and designed to provide a helping hand to the HR managers and employers of a certain business for the process and their goals of increasing their employee retention rate. There are a lot of developing companies that produces software programs that are designed to provide assistance for every businesses with the common goal of increasing the employee retention rates within their company, and most of the available software products that can be found in the online business world includes features like automated action plans, powerful turnover forecasting and meeting templates, and strategic tools that can basically help the user optimize, automate and setup a consistent programs such as stay interviews for the employees.