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08.02.2021 : News

Why is the exit interview of an employee important for your company?

Employees are most likely to share their honest and candid views on your company during their exit interview, since they have no fear that their answers will influence their status within your company. This process can provide you with valuable insight into your organization, both helping you retain your valued staff and improving your recruitment process.

Find out why.

Exit interviews can help retain talent

In the event of a voluntary departure, the employee’s motivations for leaving are often the first topic discussed during the exit interview. Why are they leaving their job? Was there any dissatisfaction? Are there hidden issues that need to be addressed?  While they may be difficult to accept, the answers to these questions can nevertheless be a constructive criticism that can help you improve your business.

Exit interviews are very important because they provide an in-depth look at your workplace culture, daily processes, management practices and employee motivation levels. Moreover, if you incorporate a cohesive questionnaire along with the conversation, you can identify interesting correlations and recurrent problems that can be addressed.

In short, being responsive to the issues and challenges raised by employees leaving your organization can create a more positive work environment and reduce your turnover rate.

Exit interviews enable companies to improve their recruitment

In addition to supporting talent retention, feedback from exit interviews can also help you improve your hiring process.

Interviewing employees who leave their positions will help you better understand the requirements of their work and include those requirements  within the job postings you publish to find a replacement. You may also uncover skills needed for the position that you were not aware of during the original hiring process. The hiring conversation for potential candidates will include the information garnered from the exit interview and onboarding will be truer to the actual job with no hidden surprises.

Exit interviews are important but require time investment

As you can see the exit interview is an incredibly useful tool for companies that want to collect reliable data on the work environment provided to employees. After completing some of these interviews, trends for improvement will certainly appear and help you retain your staff and recruit more effectively.

However, conducting exit interviews requires you a time investment that you may not have. This is why Mintz Global Screening offers to to partner with you in this process. Our company has over 95 years of background check experience and will provide you with unbiased answers to each of your questions.

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