This is a well-structured conversation between an outgoing employee and the employer, usually conducted by a member of HR. The objective is to discuss the employee’s experience, learn about improvements, and truly understand the reasons for leaving. Exit interviews may be conducted in person, via a telephone interview, or through web-based surveys based on company policies and the circumstances of the employee’s exit. Therefore, exit employee interviews add great value to firms in terms of policy development and enhancement, employee retention strategy development, and improvement of workplace culture.
Exit interviews provide organizations that analyse ups and downs with general trends on what contributes to turnover. With good feedback through exit interviews, companies and management can learn to treat employees better. The information gathered sheds light on major systemic issues, prompting management to make necessary corrections before more employees resign. A company that runs effective exit interviews can offer itself a further advantage by always improving its work environment.
A poorly executed exit interview devolves into biased feedback, unproductive discussions, or even missed opportunities for growth within the organization. Exit interviews are prone to common mistakes that become demerits in the appraisal process and possibly dissuade employees from sharing honest feedback.