25+ Offboarding Statistics & Trends for Workplace Success [2024]

March 11, 2024 0 Comments

Ever wondered about the untold story of employee farewells?

71% of companies have not implemented a formal offboarding process.

How do employers usually go through the offboarding process?

Well, most of them do not!

Of those who do, only 4.4% of employers use exit interview questionnaires. 8.2% of employers have more than one exit interviewer present. 

The in-person exit interview participation rate may be as low as 15%.

Ready to find out more about behind-the-scenes employee departures?

Here’s a look at offboarding statistics—your compass to smooth transitions. 

Top Offboarding Statistics: Editor’s Pick

only 29% of organizations have a formal offboarding process
  1. Only 5% of businesses have recorded to have a fully automated offboarding process. [1]
  2. 32% of companies have reported to partially automate the employee offboarding process. [1]
  3. 20% of companies have experienced security breaches linked to former employees. [5]
  4. 93% of exiting workers admitted that their feedback is valuable and can help their former employers and colleagues. [6]
  5. 50% of employees check online employer reviews before applying for a new job. [6]
  6. Yet the participation rate of exit interviews stands between 30% and 35%. [6]
  7. Only 4.4% of employers use exit interview questionnaires. [8]

General Offboarding Statistics

Did you know a majority of employers are not aware of any formal offboarding process?

58% of organizations have a formal onboarding process, but only 29% have a formal offboarding process. [1]

32% of companies have reported to partially automate the employee offboarding process. [1]

Only 5% of businesses have recorded to have a fully automated offboarding process. [1]

Average employee work duration in the US has decreased by 4.2 years. [2]

The annual employee turnover rate is 18% in the US. [2]

Worried that former employees hold sensitive info? 

Security is a very important aspect of offboarding as formal offboarding ensures security from formal employees.

20% of companies have experienced security breaches linked to former employees. [5]

for how much time do former employee accounts remain active

It is interesting to note that 50% of former employee accounts remain active for longer than one day after departure. [9]

25% of accounts remain active for a week or longer. [9]

The remaining 25% remain active for an unknown length of time. [9]

Why are employers concerned?

It is reported that 60% of data breaches are caused by insider threats. [10]

And it is concerning to note that 44.5% of insider data breaches are malicious. [10]

Businesses need to pay attention to the fact that 70% of company IP theft occurs 90 days before employee resignation. [11]

Exit Interview Statistics

Why interview people who are no longer working with you?

  • 93% of exiting workers admitted that their feedback is valuable and can help their former employers and colleagues. [6]
  • 50% of employees check online employer reviews before applying for a new job. [6]
  • Yet the participation rate of exit interviews stands between 30% and 35%. [6]
  • Only 4.4% of employers use exit interview questionnaires. [8]
  • 8.2% of employers have more than one exit interviewer present. [6]
  • The in-person exit interview participation rate may be as low as 15%. [7]

33% of HR professionals reported that familiarity with corporate culture and low training needs are the most important benefits when hiring back former employees. [3]

40% of employees reported they would consider boomeranging back to a company where they had previously worked. [4]

It includes 46% of Millennials, 33% of Gen Xers, and 29% of baby boomers. [4]

76% of HR professionals reported they are more accepting of hiring boomerang employees today than in the past. [4]

FAQs

What is good offboarding?

A good offboarding process includes employers communicating termination terms with the exiting employees, planning a smooth transition, exit interviews, and constructive feedback. 

Why offboarding is important?

Security is a very important aspect of offboarding as formal offboarding ensures security from formal employees. 93% of exiting workers admitted that their feedback is valuable and can help their former employers and colleagues.

What are offboarding statistics?

Only 29% have a formal offboarding process. 32% of companies have reported to partially automate the employee offboarding process.

Only 5% of businesses have recorded to have a fully automated offboarding process.

What are the chances of hiring former employees?

40% of employees reported they would consider boomeranging back to a company where they had previously worked. 

76% of HR professionals reported they are more accepting of hiring boomerang employees today than in the past. 

WrapUp 

A formal offboarding process has been proven beneficial for businesses. But is undervalued as only 71% of businesses still don’t have a formal offboarding process.

Security is a very important aspect of offboarding as formal offboarding ensures security from formal employees.

20% of companies have experienced security breaches linked to former employees.

Sources

  1. 360Learning. Why Employee Offboarding Matters Now More Than Ever
  2. Recruiteeblog. Why offboarding isn’t a waste of time
  3. Bamboo hr. Offboarding-why it matters
  4. Employers council. Using employee offboarding as a strategic staffing practice
  5. TechRepublic. Why ex-employees may be your company’s biggest cyberthreat
  6. Harvard Business Review. Making Exit Interviews Count
  7. Recruiter.  Are Exit Interviews Really Worthwhile?
  8. Quantum Workplace. Pros and Cons of Exit Interviews and Surveys
  9. Tech. co.  Study: 50 Percent of IT Ex-Employee Accounts Remain Active for a Day
  10. Intermedia. Do Ex-Employees Still Have Access to Your Corporate Data?
  11. Idwatchdog. Insider Threats Are Becoming More Frequent and More Costly: What Businesses Need to Know Now