Why outplacement is essential for laid-off employees
[ad_1]
In this week’s edition of the Work It DAILY Weekly Update, we discuss the importance of employers offering outplacement services and briefly touch on the impact of recent nationwide events on the workplace. of work.
The importance of offering outplacement services
Large inventory
Last week, the National Bureau of Economic Research officially declared that the American economy was in recession.
For the millions of people who have lost their jobs, this comes as no surprise. Worse yet, the newly unemployed are heading into this recession without the basic job search skills they need to navigate the competitive job search process that accompanies a recession.
In some ways, this would be an easy problem to solve if more companies offered outplacement services to the employers they lay off. Unfortunately, most don’t!
Work It DAILY founder and CEO JT O’Donnell recently addressed the issue in detail via his blog. LinkedIn Newsletter and podcast Jobs at JT Talks.
Most companies offer coaching/outplacement to laid-off executives, but not to the rest of the workforce, according to O’Donnell.
Under changes to the tax code in 2017, individuals are no longer allowed to deduct job search and coaching as an expense on their taxes, placing an even greater burden on those affected by layoffs , while businesses can deduct them as an expense. professional expenses.
O’Donnell suggests that those who have been laid off should go back to their former employer and seek help with career coaching, while also challenging managers or business leaders who have laid off people to return to their management teams and ask them to find it. in their budget to finance the reclassification of their staff.
There is a misconception that outplacement is expensive and will break the bank for their company. But that’s no longer the case! Services like those offered by Work on it DAILY are both affordable and can be done virtually via a computer or phone application.
Companies need to be more open-minded when it comes to helping layoff victims obtain outplacement services and career coaching. Not only is it the right thing to do in this recession, it’s also a good deal!
On the one hand, the sooner your former employees find employment, the less you pay in insurance premiums. But more importantly, employees will remember how they were treated when they needed it. These employees will go to sites like Glassdoor and Indeed to share their experiences, and bad experiences tend to stick with companies and damage their employer brand.
No one knows how long this recession will last, or what the ultimate damage will be, but anything a company can do to help laid-off employees will go a long way toward putting the company on the right side of history.
Good news of the week
Large inventory
Exercise and media company Peloton was one of the first companies to make a major statement on racism following the death of George Floyd.
Peloton did the poignant statement via Twitter and the post included the announcement that they were donating $500,000 to the NAACP.
Platoon was rented for the tone of the message and for immediately taking action with their donation. They were also praised for the way they finished their message. “We still have work to do. Do you want to join us?” This is a recognition that declarations and donations alone will not solve the problem and a call to action for other businesses to step up and help in the process.
Resource of the week
Large inventory
As noted above, many American businesses are trying to find ways to express their support and join the fight against racism.
For some companies, this means issuing public statements against racism. Others are donating to African-American causes, and many other companies are discussing how to meaningfully participate in bringing about positive change in the workplace and society.
Of all these steps, the most important is to have ongoing discussions about race and diversity. It is important that discussions not only take place now, in these turbulent times, but that they continue. The only way to bring about positive change is to constantly keep these issues at the forefront.
What meaningful change looks like and its timing will vary by company and business situation, but one thing is certain going forward: remaining silent is not an option.
Businesses are an essential part of society, and all of society must participate to make a difference. THE harvard business review recently linked some useful information articles and books to facilitate discussions about race and there are also many large organizations that empower African Americans and deserve further study.
Give yourself an even greater advantage by becoming a Member of Work It DAILY Today! Access one-on-one career coaching, resume and cover letter reviews, online tutorials, and unlimited networking opportunities, all at one affordable price.
This article was originally published at an earlier date.
From articles on your site
Related articles on the web
[ad_2]
Source link
