Job exits are being taken seriously, according to the 'Impactful Exits' survey by TeamLease Services. The survey conducted across major cities revealed that a majority (92%) of employees and management across all industries followed exit policies very seriously.
This went up to around 99% in Bangalore and Chennai, establishing Gen Y’s preferences for policies and processes at workplace along with a good pay packet. Another startling revelation made by the study was the importance of relieving letter. Apart from a mere 8%, majority of the companies expressed apprehension in formalising recruitment without the relieving letter.
According to the study, better prospects and salary hike motivated employees to quit the incumbent organisation. However, one third (33%) of the employees surveyed said they would re-join their organisation if given an opportunity. Further, majority of the companies’ still favoured manual exit interviews over online, emphasising the reliance on face-to-face interactions. The study also highlighted the demand for longer notice period. Around 78% of employees stressed on having longer notice periods for the company, helping the employees to complete pending work as well as the companies to contract the right candidate. The survey also pointed that though salary deduction was the norm for non-compliance, companies did not hold back from taking legal action in cases of violation of integrity.
With more than half of the HR managers in Mumbai (55%) using the feedback as a resource, the study revealed that exit interviews as an important data source for formulating HR policies. Surabhi Mathur Gandhi, Senior Vice-President, IT Sourcing, TeamLease Services, said: "Employees are recognizing that the labour markets are a small place and ungraceful exits come back with compound interest later. Adherence to a professional and clean exit is increasingly being seen amongst the work force today. But we don’t anticipate relieving certificates becoming a deal breaker for new employers until the skill crisis eases." Conducted by Market Search IPL for TeamLease, the survey covered employees in the 8 major cities namely Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune. The respondents’ profile ranged between the age group of 21-45 years across industries; and functions of sales, marketing, business development, operations, finance, administration/HR, systems (IT) and others. The study covered a total sample of 800 respondents.