The value of exit interviews is often overlooked by businesses. In the midst of managing the exit process from a business, combined with sourcing new talent, exit interviews can be reduced to formalities such as handing over entry passes and the company laptop.

So how do you make the most of exit interviews?

For the most part, people are leaving companies due to dissatisfaction. Done right, you have a great opportunity to get in-depth feedback as to what is causing the dissatisfaction and some ideas on what to do about it.

A study by Facebook recently found that many employees leave their jobs in search of finding more fulfilling work. Employees need to feel like they are gaining valuable career mentoring and are advancing their career, according to a recent article from HRD Magazine.

Recent research conducted by workplace research firm Reventure, as part of its national a future that works campaign, found that 72% of Australian workers were looking for purpose and meaning in work.