According to a latest survey, ‘Impactful Exits’ by TeamLease Services (India’s largest composite staffing company), as part of its survey series to understand ‘India’s new World of Work’ almost 92 per cent of employees and managements across industries take exit policies very seriously, with 99 per cent doing so in Bangalore and Chennai, and 85 per cent in Mumbai. The survey results establish 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 per cent, majority of the companies expressed apprehension in formalizing recruitment without the relieving letter. According to the study, better prospects and salary hikes motivated employees to quit the incumbent organization. However, one third (33 per cent) of the employees surveyed said, they would rejoin their organization if given an opportunity.
Further, according to the study, except for a minor 8 per cent, majority of the companies still favored manual exit interviews over online ones, emphasizing the reliance on face-to-face interactions.
The study also highlighted the demand for longer notice period. Around 78 per cent 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.