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Below is the Definition of Employee Exit Interviews copied from from Wikipedia.com:
An exit interview is an interview conducted by an employer of a departing employee. They are generally conducted by a relatively neutral party, such as a human resources staff member, so that the employee will be more inclined to be candid, as opposed to worrying about burning bridges. Exit interviews are conducted by paper and pencil forms, telephone interviews, in-person meetings or online through exit interview management systems. Some companies opt to employ a third party to conduct the interviews and provide feedback.
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Uses of Exit Interviews in Business
The purpose of an exit interview is to gather employees' feedback on the work experience in order to improve working conditions and retain employees.[1] Other uses for exit interviews for organizations include improving work productivity, providing an early warning about sexual harassment, workplace violence and discrimination issues and measuring the success of diversity initiatives. [2]
Exit Interview Questions
Common questions include reasons for leaving, job satisfaction, frustrations and feedback concerning company policies or procedures. Questions may relate to the work environment, supervisors, compensation, the work itself and the company culture.
Exit Interviews in Education
Schools may also conduct exit interviews with students before graduation, or even as a requirement of it. This is sometimes called a graduation interview.
Other Types of Exit Interviews
During elections, pollsters may conduct random exit polls.



