Interviews are an integral and inseparable part of life of working people. Be it any industry or any sector, you need to go through an interview to prove your candidature for the desired post in any organization. Facing interviews while joining is a very common trend, but nowadays there is a new term called exit interview that has been included in the dictionary of an organization. An exit interview is conducted, when an employee is departing from his or her organization. These exit interviews are very significant from the point of view of the employers. An employer gets a chance to determine the reason behind the decision of the employee to exit the company. In many cases, if the employee is extremely good at his or her work and is leaving a job because of reasons like transfer, salary, projects or any other reason that can be controlled by the organisation, then the employer can take some necessary action to retain its valuable employee. Another benefit of conducting exit interviews could be to use the interview for transferring the knowledge and responsibilities to his or her replacement or successor in an organisation. It is a great way to generate an honest and an overall feedback about the organisation that an employee carries in his or her mind. This can be of crucial use to the company or an employer as he can take effective steps to lessen the negativities and improve inter-personnel relationships amongst the existing employees of the organisation. However, a few employers ignore such interviews as they have never happened in their past, but slowly and steadily the trend is changing and each employer is recognizing the importance of exit interviews and they are increasingly being adapted by all organizations, irrespective of them being small or big.