What is outplacement?
Outplacement services help employees laid off or downsized by their company. The aim is to help them find a new job quickly and provide support and guidance during the transition period.
Outplacement services can be provided by an external provider or company.
What does outplacement cost?
The cost of outplacement services varies depending on the provider and the required service level. Usually, the higher the level of service, the higher the cost.
External providers typically charge by the hour, starting at around $100 per hour. For a comprehensive service, the total cost can be around $5,000.
Some companies offer outplacement services as part of their employee benefits package. In this case, there is no direct cost to the employee.
What are the benefits of outplacement?
Outplacement has many benefits, both for the employee and the company.
For the employee, outplacement can provide:
- Support and guidance during a difficult time
It can be a very stressful and emotional when you lose your job. Outplacement services can provide support and guidance to help you through the transition.
- Access to resources and networks
Outplacement services usually include access to resources and networks to help you find a new job. This can be invaluable, especially if you’re not sure where to start.
- Help with your CV and interview technique
Your CV and interview technique are important when looking for a new job. Outplacement services can help you to improve these, giving you a better chance of success.
- A positive reference from your previous employer
If you have been made redundant, you may be worried about what your previous employer will say about you. However, they will often provide a positive reference if you’ve used outplacement services. This can be helpful when applying for new jobs.
For the company, outplacement services can provide:
- A positive reputation
If a company treats its employees well, even when they have to make redundancies, it can improve its reputation. This can be beneficial when recruiting new employees in the future.
- Avoidance of legal action
If employees feel they have been unfairly treated, they may take legal action against the company. Outplacement services can help to avoid this by providing support and guidance to employees who have been made redundant.
- Cost savings
Outplacement services can actually save the company money in the long run. This is because they can help employees to find new jobs quickly, avoiding long periods of unemployment.
Should I use outplacement services?
If you’ve been made redundant or downsized, outplacement services can be a valuable resource. They can provide support and guidance during a difficult time, and help you to find a new job quickly. However, they can be expensive, so it’s important to weigh up the cost before deciding whether or not to use them.
Conclusion.
Outplacement services can be a valuable resource for employees who have been made redundant or downsized. They can provide support and guidance during a difficult time, and help you to find a new job quickly. However, they can be expensive, so it’s important to weigh up the cost before deciding whether or not to use them.