It is very important for any company owner to know the reason why his employee wants to leave. The reasons for leaving the organization can be discovered by performing exit interview. The interviews conducted by Company’s HR may not find the accurate or authentic answers, so to know the valid and accurate reasons; these types of interviews are conducted by company owners. Sometimes, the employee may not want to offend the HR at that sensitive time. An experienced or third party consultant firm can collect some valuable wealth by conducting these types of sensitive interviews. The information gathered by these consultants can really help in guiding the management to perform several necessary changes in the organizations. There are lots of reasons behind the exit of employees. Sometimes, the HR already knows the exact reasons. Most of the times, the employee tells the reasons like personal problems, better prospects in another company but the company owner should be well known of the exact reasons. It may also be bad Administration, protection issues and several other reasons. If the employee is leaving due to these types of reasons, then it is the responsibility of the company to correct the necessary changes. Of course, Administrative details should be secured but the main cause of exit interview is to save company’s time and to avoid any further inconvenience. It is essential to introduce honest and good management which is necessary for any company. The company’s HR should always make sure that the deserving employee is not leaving devoid of any incident. Exit interview is as important as hiring and if handled in professional way, it can prove to be beneficial for the company as well for the employees. This strategy is helpful in providing constructive and good environment in the work place and overall it can add to the retention also.