Wednesday, March 2, 2011

What You Can Learn from an Exit Interview

This company has undergone a few leadership changes in the past 2 years. New president, new VP – twice, new senior director – three times. The latest departure - a senior director – was in role for 3 days, went to a high level competitor.

In the exit interview, it was clearly understood that the remuneration for the role had quite a bit of flexibility. When the exiting leader stated what the other company offered for salary (addition of 25% of current salary), there was no hesitation in the ‘we’ll match that’ statement out of the president’s mouth. The president also stated that although the company had not provided a specific bonus clause for a decade, they would for this year guarantee this specific bonus payout.

Imagine the things you learn in an exit interview – you were certainly underpaid in the role you were in, let alone the one you were going into. What else could have been so underfunded or done with such lack of integrity if this quick conclusion could be reached with a single breath? Makes you glad you are leaving, and sad for those left behind.

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