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Ask the right questions and learn from the feedback you receive.
Exit interviews aren’t the time-wasting formality that some departing employees might think they are. In many cases, employees are a business’s most crucial asset. If conducted correctly, exit interviews can provide valuable insights into the company, including organizational and managerial challenges.
Effective exit interviews rely on asking the right questions, making employees feel comfortable, and providing appropriate structure. Depending on the employee and the company, a mix of written and in-person exit interviews may be ideal. We’ve put together the following best practices for conducting successful exit interviews.
Conducting a successful exit interview is an involved but straightforward process. Here are five exit interview best practices to consider:
A successful exit interview can help a business’s HR managers pull back the curtain to better understand the inner workings of the organization and any potentially harmful company dynamics. The chance to obtain honest employee feedback is sometimes the only silver lining to losing an employee.
Here are three reasons an exit interview is critical.
While a successful exit interview won’t convince a departing employee to stay – and shouldn’t be used for that reason – it can help improve employee retention rates among your remaining valuable employees. Exit interviews can shed light on ongoing managerial issues within the company that might prompt employees to seek other jobs. With this knowledge, your HR team can enact policies that lead to better communication and employee engagement.
In addition to highlighting potential managerial issues, an effective exit interview allows employees to discuss organizational and workflow challenges they may not have been comfortable addressing previously. These challenges could include head-count shortages, unrealistic expectations, or complaints regarding third-party vendors or partners.
While an exit interview won’t solve these issues, it provides valuable intelligence for the HR team and management. For example, they can implement new policies about setting clear expectations for employees and ensuring adequate staffing.
Taking steps to solve existing workflow challenges could improve employee morale and convince other employees who are considering leaving to stay.
Not all employees leave because of problems at their current company; instead, some may be poached or leave for another company offering a better employee benefits package or a higher salary. In these cases, a departing employee might want to stay but can’t justify keeping their current position.
In these scenarios, exit interviews can help an HR team address shortfalls within the company. For example, it may not offer a 401(k) matching program, insurance options, flexible work policies, or other cool job perks that improve employee morale.
Businesses that implement feedback from exit interviews can, in the long term, help fix persistent issues and retain talent. The following tips can make exit interviews more actionable:
Saying goodbye to a valuable employee is never easy. However, a successful exit interview can help a business gain valuable insights that lead to workplace improvements that attract and retain the best employees in the future.
Chad Brooks contributed to the reporting and writing in this article.