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What Is Outplacement?

What Is Outplacement? Executive Connexions

After years of economic downturn, redundancy has unfortunately become part of our business tapestry. Outplacement services help employees who have lost or will be losing their job to quickly find a new path. This may include another role in the same of different industry, retraining, retiring, or starting their own business.

Employers may need outplacement services if their companies are:

  • Downsizing
  • Reconstructing
  • Poorly performing or having poorly performing individuals
  • Having mergers and acquisitions
  • Reducing operational costs
  • Facing economic uncertainty
  • Changing their strategic direction
  • Supporting their staff with career change

Today’s outplacement services are very different to past models. They are highly flexible and practical. Coaching can be a 1:1 experience face to face (where conditions allow), skype, zoom, or over the phone.

For both businesses and employees redundancy bring stress and uncertainty- it is an extremely challenging time for everyone concerned. Everyone – employers and employees alike – should benefit from effective outplacement. It provides space for individuals to acknowledge and share their feelings in a safe environment where they are understood and fully supported by an expert coach.

Today, in the era of Twitter and Facebook businesses and people are more networked than ever before; experiences and thoughts can be shared at the touch of a button and go viral. Supporting employees effectively has a direct impact on your employer brand, both internally and externally.

People are your most important asset, even when they are leaving your business. Giving them the opportunity to move on physically and mentally, with new networks creates a positive image of the company they are leaving.

A company’s brand is everything nowadays. Outplacement reinforces a positive view of the company among its staff and community. It promotes a great business reputation, demonstrates a company’s commitment to current and former employees, and showcases its ability to promote the solutions that modern professionals need.

Maintaining a good relationship with the terminated staff not only preserves the company’s image; it also ensures that any future dealings with them will be positive.

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