People Management & HR

Ask these 11 questions during an exit interview to fuel retention

  • 4 min Read
  • January 18, 2022

Author

Escalon

Table of Contents

An exit interview is a conversation between a business and a person who is separating from the organization. Employers may opt to conduct these interviews in person, over the phone, by videoconference or through a written or online survey.



Companies conduct exit interviews primarily to:



• Determine the reasons behind an employee’s resignation.



• Derive information that can help you better understand employee turnover.



• Gather constructive feedback for improving the work environment.



• Determine underlying problems to avoid letting problems fester.



To keep your top performers and attract more of them, it’s essential to understand why an employee is departing and what might make them stay. A properly conducted exit interview gives you an opportunity to hear their honest feedback and a chance to improve on areas such as:



• Job roles and responsibilities.



• Training and development opportunities.



• Leadership and communication across the team.



• Company culture, mission and policies.



• Work-life balance.



• Benefits like compensation, paid time off and retirement.



Here are the best questions to ferret out the employee’s reasons for leaving so you’re better-positioned to encourage others to stay.


Q1: Why did you join our company, and what prompted you to look for a new job?




This question helps you home in on both what attracted the employee and what drove them away. The latter could be anything from issues with their team to work culture, from personal problems to a higher salary or myriad other reasons.  


Q2: What made you accept the new job?




The answer to this question helps you understand their criteria for choosing a new employer. It’s a chance to gauge what your competitors are doing better than you from an employee’s perspective. For example, work-from-home and other flexible work arrangements have become the new normal. Are you meeting these expectations?


Q3: What were your accomplishments and challenges? 




Documenting the positive experiences of a departing employee is just as important as identifying the negatives. You want to hear about their positive experiences and what made them feel stressed and anxious.



“I would encourage it to be a dialogue about the highs and lows of the job, rather than focusing on the end point,” said Anna Oakes, Quartz’s head of people.



 

Q4: How would you describe our company culture?




Companies with a great work culture are better at employee retention. This question helps you assess your company’s culture from an employee’s perspective. You may also specifically ask about diversity and inclusion, and about remote-work policies.


Q5: Did you receive proper training and career growth opportunities? 




If you want people to stay for the long run, you need to provide the tools and development opportunities for career growth. Asking this question should elicit whether the departing employee found the role’s growth opportunities acceptable and on par with industry standards.


Q6: Did you have access to the technology you needed?




The answer to this interview question can help you optimize the technology your employees have access to. If employees don’t have the digital tools required for effective work or communication, they may leave due to the fear of becoming unmarketable. 


Q7: Did you have any challenges working with team members?




People enjoy working in a team when their opinions and viewpoints are heard and considered. It may turn out that in this employee’s view, your company doesn’t allow space for staff to grow or is dismissive to employee perspectives, which is actionable information for you to improve retention.


Q.8: Do you feel your work was valued and recognized?




Getting constructive feedback and feeling appreciated are key to employee satisfaction. By analyzing the response to this question, you can improve your engagement efforts and recognition strategies. You can also ask whether they received timely feedback about their work and appreciation for their contributions.


Q.9: How is the company’s work-life balance?




Since the pandemic set in, employees have increasingly been seeking a better work-life balance. Many employees are ready to resign or find a new job if they can’t manage their personal life with work. These follow-up questions can help further assess work-life balance:



• Did you often stay late or take work home?



• Do you find the leave policies fair and inclusive?


Q10: Do you have suggestions for how we can improve?




Companies that maintain good terms with departing employees may have a chance to rehire them once they glean deeper insights about the market and competitors. This should be an open-ended question. Avoid being defensive, and gently ask for suggestions for improvement. 


Q11: What factors might convince you to stay or work for this company in the future? 




Asking this question at the end of the exit interview could elicit other factors not touched on already. 

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Accounting & Finance

Navigating Grant Management and Financial Reporting for Biotech Startups 

Biotech startups operate in a unique financial landscape, where securing grants, venture capital, and government funding is crucial for driving...

Read More
Accounting & Finance

Financial Compliance in the Decentralized Era: What Web3 Startups Need to Know 

As the world leans into the decentralized era, Web3 startups are at the forefront, exploring the possibilities of blockchain, cryptocurrencies,...

Read More
People Management & HR

Payroll Services: Streamlining Processes in High-Turnover Consumer Goods Settings 

  Managing payroll can be complicated in any industry, but it becomes especially challenging in the consumer goods sector, where...

Read More
Accounting & Finance

Navigating Payroll for Nonprofit Organizations: Staying Compliant with Grant Funding Rules 

Nonprofit organizations often rely on grant funding to carry out their missions, whether that involves community development, education, healthcare, or...

Read More
Media & Entertainment

Compliance in the Media World: Navigating Intellectual Property and Contracts 

In today’s hyper-connected media landscape, safeguarding intellectual property (IP) and expertly managing contracts are indispensable for success. Media companies—from traditional...

Read More
Accounting

Introducing C3: Your All-in-One Financial Management Platform

Managing your business’s finances can often feel like juggling too many tasks at once, especially when you’re trying to keep...

Read More
Startups

Sourcing Passive Candidates: Strategies for Expanding Your Talent Pool with Outsourcing 

  One of the most valuable sources of talent for startups is the pool of passive candidates—individuals who aren’t actively...

Read More
Startups

Managing Cash Flow in SaaS: Leveraging Outsourced Accounting to Scale Faster 

Cash flow is the lifeblood of any business, and this holds especially true for Software as a Service (SaaS) companies....

Read More
People Management & HR

The Advantages of Outsourcing HR for Nonprofits with Limited Budgets

Nonprofits play a vital role in addressing societal issues, but managing the intricacies of human resources (HR) within the constraints...

Read More