February 12, 2013

STAYview Automates Engagement/Retention Efforts

hrsoft logoThe Stay Interview process has been brought to the cloud with a web-based solution launched by HRsoft and C-Suite Analytics. Dubbed STAYview, the automated tool is designed to improve employee engagement and retention using the principles set forth in Richard Finnegan’s best-selling book The Power of Stay Interviews for Engagement and Retention. David Kennedy, CEO of HRsoft, commented on the release:

“CEOs told us there was a desire to conduct Stay Interviews so we sought out and collaborated with the recognized global expert to design and build this turnkey software solution. Up until now, there has not been an easy organized way available for employers to implement the process,” added Kennedy, “We are excited to work with Dick Finnegan, CEO of C-Suite Analytics, and his colleagues who are the leading experts on retention and Stay Interviews. The collaboration is a terrific match with our software development expertise.”

The solution completely automates workflow to provide benefits in less than one month after implementation, producing faster time to value rates. The underlying principles of the solution are provided by Richard Finnegan, author of two leading retention books. He said:

Senior managers know that unwanted turnover and disengaged employees drag down profits, and traditional solutions like engagement surveys and exit interviews have run their course. Conducting Stay Interviews is an effective, fast solution that gives a mega-return on investment in the form of increased revenue and earnings. Our research shows that improvements in engagement and retention have direct impacts on revenue produced per employee and for the company as a whole,” Finnegan added, “Most importantly, leaders must own their talent. The STAYview tool includes a method for each manager to forecast how long each employee will stay. This is the lock-down retention tool.”

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Joshua Bjerke, from Savannah, Georgia, focuses on articles involving the labor force, economy, and HR topics including new technology and workplace news. Joshua has a B.A. in Political Science with a Minor in International Studies and is currently pursuing his M.A. in International Security.