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 layoff strategy. Finding the best happy medium between a compassionate outplacement offering to your laid off employees that also meets the budget requirements of the corporation can be uniquely delicate. Here is the best way to reduce your outplacement expenses while still providing an outstanding and effective program to your staff.
The number one most expensive component to outplacement services is the volume of one on one career coaching sessions. Talk to your outplacement provider about how to strike the right mix of group coaching and training with individualized coaching and training and you’ll see meaningful savings without sacrificing quality of service.
Historically outplacement programs were very heavy on the individualized coaching. But today the more forward thinking and client oriented outplacement firms are coming up with fantastic group and virtual coaching and training sessions that can be equally effective as one on one coaching. For instance, at Business Answers International and our subsidiary Dragon Careers, we have developed specific step by step training modules that can be delivered live by a facilitator/coach or delivered on demand as an online course.
This step by step job search process can be an easy way to reduce overall costs associated with the outplacement services, but can be equally or almost effective as a one on one session. Best of all, there doesn’t have to be any shortage of one on one questioning and dialogue when coupled with an email coaching plan where each individual job seeker can continue to dialogue with their coach via email as much as necessary.
This doesn’t mean however that you don’t have the option for some individualized coaching as well. The job seeker can work closely with their resume writer and even have a select number or duration of one on one coaching sessions to supplement the group coaching and training sessions. Ultimately there is no firm one size fits all for each company when hiring an outplacement firm, and it is important that the Human Resources Executive, or whoever is involved in this decision works closely with the outplacement provider to customize the best program for them.
Corporate Outplacement should always be a win/win for both the company and the laid off employees, and Business Answers International can help you create an ideal program that benefits everyone.
Corporate Outplacement costs can be an important component of any layoff strategy. Finding the best happy medium between a compassionate outplacement offering to your laid off employees that also meets the budget requirements of the corporation can be uniquely delicate. Here is the best way to reduce your outplacement expenses while still providing an outstanding and effective program to your staff.
The number one most expensive component to outplacement services is the volume of one on one career coaching. Talk to your outplacement provider about how to strike the right mix of group coaching sessions and training with individualized coaching and training and you’ll see meaningful savings without sacrificing quality of service.
Historically outplacement programs were very heavy on the individualized coaching. But today the more forward thinking and client oriented outplacement firms are coming up with fantastic group and virtual coaching and training sessions that can be equally effective as one on one coaching. For instance, at Business Answers International and our subsidiary Dragon Careers, we have developed specific step by step training modules that can be delivered live by a facilitator/coach or delivered on demand as an online course.
This step by step job search process can be an easy way to reduce overall costs associated with the outplacement services, but can be equally or almost effective as a one on one session. Best of all, there doesn’t have to be any shortage of one on one questioning and dialogue when coupled with an email coaching plan where each individual job seeker can continue to dialogue with their coach via email as much as necessary.
This doesn’t mean however that you don’t have the option for some individualized coaching as well. The job seeker can work closely with their resume writer and even have a select number or duration of one on one coaching sessions to supplement the group coaching and training sessions. Ultimately there is no firm one size fits all for each company when hiring an outplacement firm, and it is important that the Human Resources Executive, or whoever is involved in this decision works closely with the outplacement provider to customize the best program for them.
Corporate Outplacement should always be a win/win for both the company and the laid off employees, and Business Answers International can help you create an ideal program that benefits everyone.
Want To Learn More About Setting Up An Outplacement Plan?
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.
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