Out Placement Services
Nearly every organization is faced with making employee cuts or downsizing at some point. This can be a painful exercise, but for optimum utilization of the workforce or due to some unavoidable circumstances Management sometimes has to take such decisions.
An outplacement service is an agency that provides specialized career support to employees who are leaving a job through no fault of their own. Generally, this is a service that a company offers as an employee benefit when a layoff is about to happen. The company contracts with an outplacement service to provide these services at no cost to departing employees. The outplacement service is usually a recruitment firm that has experience and solutions to help employees re-establish a job as soon as possible, through placement with a network of other companies and career-related services.
Whether the layoff is small or an entire section of a company is being eliminated, its important to avoid letting employees feel abandoned or lost in the process. From the time they receive notice that their employment relationship is being severed by the company, employees can begin to panic. They wonder where their next paycheck will come from, how they will be able to continue receiving employee benefits like health care and retirement savings, and what to expect in the following weeks and even months. At the very least, companies should look at outplacement services as a lifeline extended to employees to help them make a seamless transition to a new career without all the stressors commonly experienced without this support.
Handling a Layoff the Right Way Using an Outplacement Service There are very specific requirements in terms of handling a reduction in the workforce and using an outplacement service. By taking the appropriate steps, an organization can prevent costly lawsuits and avoid the negative impact on operations.