Is it important to conduct exit interviews in an organization?

Is it important to conduct exit interviews in an organization?

For every organization it is very important to do exit interview because it helps an organization to resolve any future conflicts and smoothing over any conflict with co-workers or manager. It also helps an organization to learn whether their pay is competitive. Organizations are able to know how to retain their best people. Beside this, exit interviews are also helpful in guarding against potential lawsuits and reducing problems in the workforce.