#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.
Want To Learn More About Our Outplacement Programs?
More Articles For You
The Best Way To Reduce Corporate Outplacement Costs
The Best Way To Reduce Corporate Outplacement Costs For Human Resources Execs 3 Minute Read Corporate Outplacement costs can be an important component of any...
Why Now Is the Best Time To Negotiate Your Outplacement Contracts
Why Now Is The Best Time To Negotiate Your Outplacement Contracts For Human Resources Execs 1 Minute Read If you’ve ever thought about a great time to save money on corporate outplacement costs, whether you expect...
How To Use Corporate Outplacement Strategically
It goes without saying that corporate outplacement first and foremost is a humane and compassionate way to aid your laid off employees in an extremely challenging time in their lives. The benefits for your employees are without limits in terms of professional assistance in their re-employment efforts during their job search. However…
How To Use Corporate Outplacement To Improve Your Recruiting Efforts
With corporate outplacement services becoming more and more frequent in the aftermath of the COVID-19 pandemic, far more job seekers are looking to join companies that will address future economic disasters. If we’ve learned anything over the past several years in the world of recruiting, it’s that little things can make a big difference in converting that perfect candidate interview into an offer acceptance.