Together with the continuing rash of downsizings and reorganizations, many workers have increasingly found themselves on the receiving end of their “pink slip,” and most are embracing (albeit reluctantly) the truth; but additionally the hopeful expectation that the company will offer some form of job search support. Businesses have discovered both for moral and tough business motives, that offering Outplacement is a smart investment.
A growing amount of organizations have discovered that it is worth it to help terminated employees throughout the ordeal of finding a new occupation. Not just can Outplacement be of significant financial advantage in keeping severance costs in check, it may create loyalty and higher morale among remaining employees, while earning the organization a benevolent public picture.
Businesses generally perceive a larger responsibility, normally, to help higher grade executives with Outplacement, because these folks are more inclined to have made a more observable contribution to the business’s success throughout their employment. Yet, research also suggests that supplying some level of Outplacement assistance into non-exempts may prevent, or reevaluate, termination expenses and possible litigation.
Outplacement packages offered generally entail resume preparation, interview and negotiating coaching, and ongoing support from an expert Outplacement Coach. For executive and senior level supervisors, the program can also have emotional and career assessment in addition to administrative assistance. “Truth talks” are also included, covering topics like, “What do I really need to do? What abilities do I have? If I think about going into business for myself?”
Studies reveal that Outplacement does help people find new jobs faster than they would in their own. That means direct savings for companies who continue insurance and other benefits for protracted periods. Services, such as Outplacement, that assist workers reassess their abilities and analyze careers in new areas, and get them up-to-speed within their own job search. It restores confidence and provides people a structure and a procedure. If they had been doing it on their own, it might take several months (even up to year or even more in today’s market); professional Outplacement counseling frequently does it in half the time.