Using ‘stay’ interviews to boost retention

January 21, 2023

Job interviews have long been an essential part of the hiring process. But now, some public accounting firms are turning the lens on themselves.

These firms are conducting “stay” interviews with existing employees to understand how they can be a more attractive workplace and reduce employee turnover — a top issue for many firms.

The 2022 AICPA Private Companies Practice Section (PCPS) CPA Firm Top Issues Survey found that retaining qualified staff was the fifth most important issue for firms with 11–20 professionals and the second top issue for larger firms.

Anything firms can do to retain employees is typically less expensive and less disruptive than hiring someone new. Are stay interviews part of your firm’s strategy for retaining top talent? Consider these tips.

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