Stay interviews are a preventative employee retention tool that involves regularly checking in with employees to understand their satisfaction levels, identify any potential issues, and address concerns before the employee decides to leave the company. The interview is informal and unstructured, allowing companies to proactively monitor workplace morale and catch issues early before they worsen. In contrast to exit interviews, which happen after an employee has already decided to leave, stay interviews provide benefits such as reduced turnover, early issue identification and resolution, and improved employee motivation and empowerment. They are particularly useful in knowledge-based industries where retaining skilled staff is important.