For any organization, employees are the building blocks in their management. But due to lack of job satisfaction or other job related troubles employees tend to leave their jobs. Recent research shows that the percentage of employees with lack of job satisfaction has increased. This certainly is a great issue of concern for all the organizations. Thus these organizations have been trying hard to retain their employees in one or the other. There have been many attempts by the employers to decrease this ever mounting percentage of turnovers. Exit survey is one of these attempts which has shown good results. Exit surveys are basically conducted for the employees wanting to exit from their current organization. As the name suggests the employees have to do these surveys and provide their feedback. Generally exit surveys comprise questionnaires through which the organization gets to know the point of view of the employee regarding the management and working of the organization. The questionnaire generally includes many questions such as the reason for leaving the job, opinion about the functioning of the organization, future plans etc. All such questions are asked in order to know the flaws in the organization. In this way, they try to overcome the faults in them and thus try to provide job satisfaction to the employees. However, there have been questions regarding the effectiveness of the exit surveys. It has been identified that the employees are reluctant in giving their true opinion during such surveys. This is because they do not want to mess with their former employer as they may require the reference of their previous boss in their future job. Besides all this fuss, there is no denial to the fact that such surveys are becoming enormously popular among all types of organizations whether big or small.