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5 Must Haves For A Successful Corporate Outplacement Program

For Human Resources Execs

   4 Minute Read

#1

What Kind Of Benefits Does The Corporation Get By Offering Outplacement To Employees?

#1

This is the most overlooked aspect of outplacement and perhaps an area that should get more attention. As layoffs occur, unemployment insurance rises for employers. By expediting the placement of those laid off workers, there are tangible financial benefits that come back to the company in lowered unemployment insurance costs. Additionally, the time will come when hiring must take place again, and maintaining a strong reputation in the industry will be hugely important when recruiting new employees or even previous employees. Word gets around, and the compassionate companies who help their people will see the biggest long term rewards from a talent acquisition and branding perspective.

#2

A Strong Personal Comfort Level With A Management Level Contact At The Outplacement Firm

#2

Human Resources and Outplacement is all about people. Regardless of services, pricing, or historic data, the first and foremost thing that every HR Exec must have is a strong comfort level and rapport with a management level individual with the outplacement firm who will be directly involved and responsible for the success of your outplacement program. Do not settle for an “assembly” line process of resume writing and coaching. A good outplacement firm will understand the needs of your organization and how to successfully transition those employees. Your brand is at stake here, and one of the most valuable benefits to you as the employer is brand protection, and employee satisfaction. So, have conversations with your outplacement partner so they fully understand what you expect.

#3

Does The Outplacement Firm Offer Customized Outplacement Packages That Address The Company and Employee Needs Equally?

#3

An outplacement firm that takes the time to understand your company’s financial position, reasons for layoffs, and the budgetary expectations of your company will spend a significant amount of time addressing the exact services that meet the needs of your employees, without going over budget. Finding that perfect synergy of services that provide an excellent outplacement experience to your employees is critical to the success of the program as well as the retention of your company’s long term reputation. The right firm will clearly outline the available service offerings with a clear explanation of pricing to assist you in creating the ideal program.

#4

What Is The Overall Success Rate Of Participating Employees?

#4

Critically important to your program is the success rate of individuals finding new employment within a reasonable period of time. At Business Answers International for example, individuals who go through our outplacement program and participate in all included services have seen a 93% placement rate within 6 months or less over the past 5 years. Understanding the plan of action and how your outplacement firm intends to get participants from point A to point B is really the most important part of the program. And it doesn’t hurt when your outplacement provider also has expertise in recruiting & staffing in order to expedite the hiring of your employees.

#5

Who Will Be Working With The Off-Boarded Employees?

#5

The right outplacement program should have a team of professional resume writers, executive career coaches, and career facilitators responsible for your program. Your employees deserve the best advice and the right type of coaching, so talk to your outplacement firm about what happens once the program begins? What is the timeline of services and how are they delivered? At Business Answers International, our management team will guide your employees gracefully through the program. From initial digital welcome sessions, to specific job search training, to resume development and career coaching, each step is important and should be handled with care. 

#1

What Kind Of Benefits Does The Corporation Get By Offering Outplacement To Employees?

This is the most overlooked aspect of outplacement and perhaps an area that should get more attention. As layoffs occur, unemployment insurance rises for employers. By expediting the placement of those laid off workers, there are tangible financial benefits that come back to the company in lowered unemployment insurance costs. Additionally, the time will come when hiring must take place again, and maintaining a strong reputation in the industry will be hugely important when recruiting new employees or even previous employees. Word gets around, and the compassionate companies who help their people will see the biggest long term rewards from a talent acquisition and branding perspective.

#2

A Strong Personal Comfort Level With A Management Level Contact At The Outplacement Firm

Human Resources and Outplacement is all about people. Regardless of services, pricing, or historic data, the first and foremost thing that every HR Exec must have is a strong comfort level and rapport with a management level individual with the outplacement firm who will be directly involved and responsible for the success of your outplacement program. Do not settle for an “assembly” line process of resume writing and coaching. A good outplacement firm will understand the needs of your organization and how to successfully transition those employees. Your brand is at stake here, and one of the most valuable benefits to you as the employer is brand protection, and employee satisfaction. So, have conversations with your outplacement partner so they fully understand what you expect.

#3

Does The Outplacement Firm Offer Customized Outplacement Packages That Address The Company and Employee Needs Equally?

An outplacement firm that takes the time to understand your company’s financial position, reasons for layoffs, and the budgetary expectations of your company will spend a significant amount of time addressing the exact services that meet the needs of your employees, without going over budget. Finding that perfect synergy of services that provide an excellent outplacement experience to your employees is critical to the success of the program as well as the retention of your company’s long term reputation. The right firm will clearly outline the available service offerings with a clear explanation of pricing to assist you in creating the ideal program.

#4

What Is The Overall Success Rate Of Participating Employees?

Critically important to your program is the success rate of individuals finding new employment within a reasonable period of time. At Business Answers International for example, individuals who go through our outplacement program and participate in all included services have seen a 93% placement rate within 6 months or less over the past 5 years. Understanding the plan of action and how your outplacement firm intends to get participants from point A to point B is really the most important part of the program. And it doesn’t hurt when your outplacement provider also has expertise in recruiting & staffing in order to expedite the hiring of your employees.

#5

Who Will Be Working With The Off-Boarded Employees?

The right outplacement program should have a team of professional resume writers, executive career coaches, and career facilitators responsible for your program. Your employees deserve the best advice and the right type of coaching, so talk to your outplacement firm about what happens once the program begins? What is the timeline of services and how are they delivered? At Business Answers International, our management team will guide your employees gracefully through the program. From initial digital welcome sessions, to specific job search training, to resume development and career coaching, each step is important and should be handled with care. 

Aaron Rappaport leads the Business Answers International Outplacement division as well as our subsidiary, Dragon Careers. Aaron’s team has successfully organized and implemented a variety of outplacement programs for tens of thousands of individuals with a 93% placement rate over the past 5 years.

If you or your company are considering an outplacement program for any employees that are impacted by layoffs, downsizing, or even office closures & relocations where employees will not be coming along, contact us for a free consultation

Aaron Rappaport

Vice President of Corporate Outplacement, Business Answers International

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