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Glossary of Human Resources Management and Employee Benefit Terms
Employee exit refers to the process when an employee leaves their current employment, either voluntarily or involuntarily. It involves various procedures and considerations to ensure a smooth transition for both the departing employee and the organization.
Employee exits can occur due to resignation, retirement, termination, or other reasons, and it is important for employers to handle the process professionally and effectively.
The formal process when an employee leaves a company, involving resignation, retirement, or termination, with associated procedures such as exit interviews and paperwork.
Common reasons for employee turnover:
Steps employers should follow when an employee leaves:
An exit interview is a structured conversation with a departing employee to understand their experiences, reasons for leaving, and feedback on the organization.
The notice period is the duration between when an employee announces their intention to leave and their actual departure.
An exit interview is important because:
Handling the transfer of responsibilities:
Notice period functions include:
These are short surveys that can be sent frequently to check what your employees think about an issue quickly. The survey comprises fewer questions (not more than 10) to get the information quickly. These can be administered at regular intervals (monthly/weekly/quarterly).
Having periodic, hour-long meetings for an informal chat with every team member is an excellent way to get a true sense of what’s happening with them. Since it is a safe and private conversation, it helps you get better details about an issue.
eNPS (employee Net Promoter score) is one of the simplest yet effective ways to assess your employee's opinion of your company. It includes one intriguing question that gauges loyalty. An example of eNPS questions include: How likely are you to recommend our company to others? Employees respond to the eNPS survey on a scale of 1-10, where 10 denotes they are ‘highly likely’ to recommend the company and 1 signifies they are ‘highly unlikely’ to recommend it.
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