Does your company currently offer outplacement services to laid-off employees? Maybe yes, but only for executives or members of senior management. Regardless of your company’s outplacement strategy, it’s time for your organization to invest in modern outplacement services because your company’s alumni deserve it.
Outplacement services offer structured support to outgoing employees, helping them smoothly transition to new career opportunities. Outplacement is also an investment that can generate many benefits for a business, contributing to the overall success of the organization during times of change or downsizing.
Benefits of outplacement services
For laid-off employees, outplacement services offer a range of valuable benefits. These services are designed to provide practical and emotional support, helping individuals navigate the challenges of finding new employment opportunities. The best outplacement services give employees the tools, knowledge and emotional support needed to succeed in their job search or career transition after layoff and move forward with confidence and optimism.
For a company, investing in outplacement services reflects a commitment to ethical and responsible business practices, supporting departing employees and strengthening a positive employer brand, all of which can contribute to the long-term success of the organization.
- Personalized advice and assistance in job searching, CV and cover letter writing, interview preparation and networking.
- Access to training and development resources that can improve their skills and marketability in a competitive job market.
- Emotional support and guidance to help maintain confidence and motivation during a potentially difficult time.
- Access to networking events, career fairs and industry connections.
- Targeted support based on their unique skills, experiences and aspirations.
- Faster results than navigating the process alone with expert guidance and resources.
- Feeling of closure and support that allows them to leave their old job on a positive note and fosters a sense of gratitude towards their former employer.
Benefits for your business:
- Accelerates the process of re-employing laid-off employees, reducing financial and emotional strain on them and their families.
- Improves morale of remaining staff by demonstrating a commitment to the well-being of departing employees.
- Improves company reputation and preserves its employer brand from positive word of mouth from departing employees, which can help attract top talent in the future and mitigate negative publicity.
- Maintains productivity and engagement levels of remaining staff as they perceive the company values its workforce, even during difficult times.
- This leads to shorter periods of unemployment for laid-off employees, potentially reducing the company’s financial burden related to severance and unemployment insurance.
- Minimizes the risk of potential lawsuits by demonstrating that the company has taken steps to support employees during layoffs.
- Contributes to a positive work/organizational culture by highlighting the company’s commitment to its values and fostering a sense of loyalty among current and former employees.
The problem with traditional outplacement services
Traditional outplacement services are expensive. Most start-ups and newer companies cannot afford to invest in traditional outplacement services for laid-off employees, and larger companies might be hesitant to invest due to the cost, especially when hundreds or Thousands of employees could be laid off at the same time. .
One-on-one coaching is the most expensive type of coaching available with traditional outplacement services. A company could opt for group coaching, which is generally a less expensive option, but may be less personalized, less confidential and less effective.
Work It DAILY Alumni Services: A Modern Approach to Outplacement
We know that outplacement services have many advantages for both employees and companies. But the cost of traditional outplacement services is a major drawback. So what is the modern, updated solution?
Work It DAILY Alumni Services.
Work It DAILY, an expert-led, on-demand online career coaching platform, can help your organization effectively manage redundancies for a fraction of the cost of “traditional” outplacement services.
- 24/7 access to our coaching team for questions and material reviews
- 24/7 access to a private online community
- CV, cover letter and LinkedIn review
- Help with preparing for interviews
- Unlimited networking opportunities within the platform
- Access to 14 exclusive online courses (over 200 hours of video content)
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