Exit interview-a competency based practice for employee retention

Abstract

Employee Retention is an imperative proportion of the strength of an organisation. HR department should execute remedial programs on turnover administration: the gathering and examination of information on turnover patterns, identification of turnover factors through formal exit interviews, and usage of remedial activities which address the primary driver of turnover. This research paper centers on the Exit Interview as a competency based tool for archiving employee turnover data. Exit interviews help in changing organisational policies towards retention. This study has been carried out at HCL technologies Hyderabad. Samples are collected from middle level employees through a structured questionnaire. Hypothesis was tested by using Chi-square and ANOVA. It has been proved that exit interview has significant impact on employee retention and it controls annual employee turnover.