1. Retain top talent. Stay interviews help identify the factors that contribute to employee satisfaction and engagement, allowing organizations to implement targeted retention strategies and reduce turnover.

2. Improve employee engagement. By actively listening to employees' concerns and addressing their needs, organizations can create a more positive and supportive work environment, leading to increased employee engagement.

3. Enhance communication and trust. Stay interviews provide an opportunity for open and honest conversations between employees and managers, fostering trust and strengthening the employee-manager relationship.

4. Develop actionable plans. This template guides you through the process of analyzing stay interview feedback and developing specific action plans to address identified issues and improve employee satisfaction and retention.