Outplacement services provide practical support to employees ending their tenure at any given professional establishment. These services assist people in finding and transitioning into new positions that match their unique skill sets and professional aspirations. This expedites the process of finding success in a new position for these employees.
Whether the motivation behind the career transition is because the current position was made redundant or because it wasn’t the right fit, the use of outplacement support services within company HR departments and by individuals is on the rise.
Outplacement is much more than just a trend. It is a better way for both employees and employers to ease the transition between jobs, preventing employee dissatisfaction and subsequent damage to the employer’s reputation.
Outplacement increases employee satisfaction
- Improves employability
Employees who receive support and assistance in finding alternative jobs are less likely to enter the cycle of unemployment. This is because outplacement support services improve the job seeker’s employability. Employees taking advantage of outplacement services are encouraged to review and reassess their desired career paths, making modifications when required or appropriate. Interview skills are honed, experience and talents are highlighted, and professional confidence is boosted – all helping the job seeker make a standout impression and raise their chances of receiving a coveted job offer
- Can make or break contract signing
Employees are starting to view outplacement services as the key component to a great employment package. The knowledge that outplacement services exist as a perk, should an employee be laid off or find himself unsuited with the position, can drive a candidate to sign the dotted contract line. Research indicates that 71% of employment seekers report a preference for working at a company that offers outplacement and career transition services over one that does not. This means that businesses that offer the added perk of outplacement support services in the event of redundancy or growth aspirations stand a better chance of landing excellent job candidates who feel secure and satisfied in their positions.
Outplacement makes employers happier as well
- Reduces legal woes
Having outplacement services in place can mitigate possible legal action and reduce the severance payments made to disgruntled existing employees. Typically, an employee who feels cared for despite the circumstances, will be far less likely to take legal actions against their former employer. In addition, since the employee is being helped along in their transition to a new career, they may even land a new job before the previous contract is up, and will not feel the need to drain their former employer’s coffers.
- Improves employer brand
A company that provides outplacement support services demonstrates leadership accountability and qualitatively values its employees’ worth. Existing employees and job candidates are shown just how much the employer cares for their workers and their future. In a survey of HR and Management leaders at multinationals, 86% of the respondents identified Corporate Social Image is the most important benefit that stands for the company sponsoring Outplacement, because Outplacement services provide a sense of security and satisfaction, ultimately enhancing the employer’s brand.
- Eases employer guilt
Employers are not evil; they do not like to dismiss employees and grapple with the frustration and uncertainty surrounding job vacancies. Implementing outplacement services within the employee exit process eases the employer’s guilt, providing comfort with the knowledge that each former employee will be taken care of, and that new candidates may be brought into the company’s fold through similar channels.
The outplacement support industry is booming. While once only used by Fortune 500 companies for the benefit of their top business executives, today outplacement services are used by businesses of all sizes, especially with the rise of internet based services for career transitions. Employees and employers alike view outplacement services as beneficial, providing all members of the corporate echelon with a sense of security and satisfaction even during times of professional uncertainty. For these reasons and more, the implementation of outplacement services can be viewed as much more than a trend: it is a responsible model for keeping the business world operating smoothly and productively.
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