What are the Exit Strategies in HR?

Whenever an employee leaves an organization it constitutes the exit of that employee from the organization. The present day organization are aware of the importance of retaining their human resources and with this aim in mind they try to know the reason behind the exit of an employee so that it does not create any adverse effect on the working of the organization and the employee also leaves it with a good taste. The most important and widely used strategy is conducting the exit interview with the outgoing employee.

An exit interview should focus on identifying the reasons behind the exit of an employee and also inquire if the level of performance of the organization or if the unfulfilled expectations of the employee are involved. The low level of employee retention indicates a low level of job satisfaction among the employees and can cost dearly to the organization. When the employees don’t feel valued, the poor management practices, lack of opportunities of growth and some time personal harassment of the employee could be the reasons behind the low level of job satisfaction of an employee and it results in avoidable losses for the organization.