4 Benefits of Hiring Outplacement Services

1. 4 Benefits of Hiring Outplacement Services It is quite certain that unemployment rates will continue to rise even before you start seeing the effects of the current recession diminish. Keeping that in mind, there are options for employers who continue to be faced with this unpleasant task of downsizing for minimizing the negative effect for employees who are being laid off, as well as the ones who remain. One of the best options is to provide career transition or use outplacement services. Outplacement services are not only reserved for the large employers contracting with large national firms—but there are service providers out there catering to the needs of small & medium-sized firms as well. Here are the benefits of hiring outplacement services: Maintain Maintain Healthy Relationships Healthy Relationships No matter the outcome or the displaced workers likely contributed to the success of your organization at some point. Outplacement services will help you to maintain healthy relationships with your displaced employees during a time when they might have a positive mindset. For example, providing them with relocation assistance or partnering them with career transition specialists are

2. the ways by which you can preserve your relationship & show that you care about their futures. Reduce Reduce Unemployment Unemployment Severance pay alone is not enough for creating new opportunities. While severance pay is often warranted, your displaced employees may have other needs. In fact, about 45 percent of those who have faced long-term unemployment tends to report skills depreciation. Outplacement solutions provide them diverse options to fix issues like resume assistance, career management, and networking advice. All of this can help the displaced employees to get a new job. Thus, this reduces that scary unemployment number & gets the workers back on their feet faster than just a payout alone. Liability Liability Protection Protection You have a corporate responsibility towards your employees. So, by hiring outplacement services, you can serve as liability protection against the possible disgruntled displaced employees. While you are no longer their employer, but you can still take the necessary steps to ensure they have a smoother transition, avoiding any possible legal action against you.

3. Increased Increased Productivity Productivity from Running a business is tough. But it is important to communicate the following message to your employees: If things get too heavy — whether the business is bad or you need a fresh start (in case)— the company will be there to help. Outplacement service providers will show your dedication to your team, no matter how bad things might get. In turn, this can increase productivity & engagement from your current staff as they are aware of your commitment to them, even if they are displaced or otherwise. from Current Employees Current Employees