To effectively conduct an exit interview, it is crucial to have a well-structured form that covers essential aspects. The form should include sections on reasons for leaving, overall experience, feedback on the organization, suggestions for improvement, and future career plans. Ensure confidentiality and provide an option for additional comments. Use the form as a tool to gather valuable insights and feedback from departing employees, which can be utilized for organizational improvement and employee retention strategies. Encourage honesty and transparency during the exit interview process to make it a constructive and beneficial exercise for both the organization and the departing employee.