What is an exit interview? What is the purpose behind performing one?

When an outsourced company or internal audit group conduct audit or organizational review, they normally brief the heads of all departments of the organization at the end of their review. This is called exit interview.

After the exit interview, the outsourced company or audit group update the review report /audit report as necessary and submit to the organization. 

An exit interview normally conducted by the HR when a candidate is submitting his resignation request.

HR Representative will ask questions about Employee experience with company and Line Manager attitude/Behave and why the Candidate chose to terminate his service with the organisation, this provides an insight about the scope of improving the work environment, reconsider policies and consider changes that will create a better working condition within the organisation. It also gives the candidate a chance to reveal his opinions and views about the organisation. Also there is a chance to motivate employee not to terminate his service and continue his service.

This is a mark of professionalism and on the base of this feedback management can improve environment of Organization.

An exit interview is usually conducted by the HR Department when a candidate is leaving the organisation.

Several questions are asked and discussed as to why the Candidate chose to terminate his service with the organisation - this provides an insight about the scope of improving the work environment, reconsider policies and consider changes that will create a better working condition within the organisation. It also gives the candidate a chance to reveal his opinions and views about the organisation. 

Most of the organisation follow this in the modern business environment. This is a mark of professionalism. 

Well. The exit interview is considered as a very important step in the HR life cycle. This usually happens when an employee leaves the organization, sometimes at the end of the notice period or at the beginning of the notice period. The main motive of this exit interview is to understand the reason behind the employee's resignation and to understand his view about the company as a whole.

Companies normally give targets to the Business HRs to retain the resigned employee if their concern is reasonable. Also company use the exit interview feedback to improve their work culture and working atmosphere.

HRs normally conduct exit interviews and discuss the feedback only to the top management. The outcome of the EI will not be disclosed to the immediate Supervisors unless and untill it is really necessary.

There are many ways of conducting exit interview but one-on-one sessions are highly recommendable.

Thanks 

I strongly support the answer given by Mr. Fazlure 

Regards 

An interview conducted with a departing Employee just before they leave the company. from Employer's perspective the aim would be to now the reasons behind leaving the company. 

an interview held with an employee about to leave an organization, typically in order to discuss the employee's reasons for leaving and their experience of working for the organization

An exit interview is a wrap-up meeting between management representatives and someone who is leaving an organization, either voluntarily or through termination. 

Exit interviews are common in business, education and government environments. The purpose of the interview is to gather useful feedback that can help guide future practices and improve recruiting and retention.  

In a corporate environment, exit interviews are usually conducted by human resources (HR) personnel. Alternatively, depending on the size of the company and other factors, interviews may be conducted by management or outsourced to an HR service provider. 

The interview may be conducted in person, over the phone, through chat or email, or in an online survey. In general, interactive methods are considered more useful than surveys because they allow interviewers to respond to the employee and develop follow-up questions that can yield more in-depth information. 

The specific questions asked in an exit interview vary for terminated employees and those leaving voluntarily. For an employee leaving voluntarily, the most important question is "Why?" If they repeatedly hear particular reasons for leaving, the business may be motivated to review practices, pay scales and benefits, among other things. 

Whether an employee quits or is fired, it may be profitable to ask what they liked most about the job and what they liked least. If a number of employees mention problems working with a particular manager, for example, that is an issue that should be explored. When an employee is fired for inadequate performance, it can be useful to ask if they believe business practices or other corporate issues contributed to the problem. 

The exit interview is also an opportunity to provide the employee with information about any benefits and pay yet to be disbursed and any agreements in force between the business and the employee. 

Although exit interviews are often company policy, they should always be voluntary. 

Yes,

The reason that have exit interviews it to get valuable information which can provides useful in all aspects of the work environment, such as the work culture, day to day activities, processes, issue around the management style, ethics and employee morale.

we will the opportunity to get opinions of those leaving the company in terms of how they perceive the company, and most importantly why they want to leave the company.

The way its run, its culture, its management style, the opportunities offered for career growth etc.

Thank you. I agree with sir Md. Fazlur Rahman.

When an employee hand a 30 days notice prior to resignation, the HR department interview him one last time to know of the reasons to why he's leaving. this a method of internal quality control.