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 to use the services in the near term or not, the summer of 2020 may be the prime window of opportunity to negotiate or even explore alternative outplacement partners than ever before.
Sources: Congressional Budget Office; Bureau of Economic Analysis; Bureau of Labor Statistics.
Despite Q2 of 2020 expected to be the absolute highest peak of the unemployment in the US, and “net” job creation expected to begin to increase for the next year or two, there is a disconnect between net job creation and corporate layoffs requiring outplacement services. The disconnect is simply the fact that the residual layoffs are expected to continue throughout 2021 from the impacts of COVID-19, and while new job creation is going to offset that by reducing the net job losses, there are still millions of Americans who will be affected by layoffs and provided corporate outplacement support by their employers.
“This presents a unique opportunity to Senior Human Resources Executives to negotiate existing outplacement contracts, and even explore relationships with new firms.”
– Aaron Rappaport, VP of Corporate Outplacement
As these residual layoffs continue, corporate outplacement firms will have persistent pressure to staff up to support their clients, which historically causes pricing to remain strong due to high demand for services. As the summer of 2020 experiences a slight lull in corporate outplacement as businesses work to adapt to the new environment, there is strong consensus that outplacement services will begin to accelerate again before the fall. This presents a unique opportunity to Senior Human Resources Executives to negotiate existing outplacement contracts, and even explore relationships with new firms.
If you have been wondering about new innovations in the field of corporate outplacement, set up a call with Business Answers International to review your programs, needs and expectations as this is a perfect time to lock in a better, more modern and technologically advanced outplacement program for your future needs. Business Answers International will conduct a no cost consultation for anyone who wants to learn about the future of outplacement support.
If you’ve ever thought about a great time to save money on corporate outplacement costs, whether you expect to use the services in the near term or not, the summer of 2020 may be the prime window of opportunity to negotiate or even explore alternative outplacement partners than ever before.
Despite Q2 of 2020 expected to be the absolute highest peak of the unemployment in the US, and “net” job creation expected to begin to increase for the next year or two, there is a disconnect between net job creation and corporate layoffs requiring outplacement services. The disconnect is simply the fact that the residual layoffs are expected to continue throughout 2021 from the impacts of COVID-19, and while new job creation is going to offset that by reducing the net job losses, there are still millions of Americans who will be affected by layoffs and provided corporate outplacement support by their employers.
“This presents a unique opportunity to Senior Human Resources Executives to negotiate existing outplacement contracts, and even explore relationships with new firms.”
– Aaron Rappaport, VP of Corporate Outplacement
As these residual layoffs continue, corporate outplacement firms will have persistent pressure to staff up to support their clients, which historically causes pricing to remain strong due to high demand for services. As the summer of 2020 experiences a slight lull in corporate outplacement as businesses work to adapt to the new environment, there is strong consensus that outplacement services will begin to accelerate again before the fall. This presents a unique opportunity to Senior Human Resources Executives to negotiate existing outplacement contracts, and even explore relationships with new firms.
Sources: Congressional Budget Office; Bureau of Economic Analysis; Bureau of Labor Statistics.
If you have been wondering about new innovations in the field of corporate outplacement, set up a call with Business Answers International to review your programs, needs and expectations as this is a perfect time to lock in a better, more modern and technologically advanced outplacement program for your future needs. Business Answers International will conduct a no cost consultation for anyone who wants to learn about the future of outplacement support.
Want To Learn More About Our Outplacement Programs?
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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