Exit interview is a conversation or feedback taken from the employee separating from the company by the HR team to know about their experience with the company. An exit interview has become a crucial step and a general practice among big companies as it helps in retaining employees and introspects about the company culture and improve in employee engagement.
Exit interview can either be one on one with the HR or it can be through a survey sent through mailer or it can be over the phone. Employees prefer the latter two options then one on one interview as they may not fully express them when talking face to face while it’s easier to open up on phone or while filling the survey.
The companies have started taking these exit interviews seriously and have made it a mandatory practice.