Pre-empting the exit interview

Stay interviews can be valuable retention tool – with employees new and old
By Marilynn Balfour
|Canadian HR Reporter|Last Updated: 10/22/2013

Should I stay or should I go now? As the economy strengthens and the job market heats up, those lyrics — made popular in the 1980s by the Clash, an English punk band — could be considered a workplace anthem for employees on the move.

In looking at 200 companies in Alberta, a 2013 report from Alberta Human Services found 72 per cent of employees voluntarily left their company last year. Nationally, voluntary turnover rates continue to rise, according to the Conference Board of Canada. The 2011-12 rate was 7.2 per cent, about one per cent higher than rates seen during the economic downturn.