Why Right Management for Your Outplacement Services

Transitional Support

Leading companies believe it’s their responsibility to assist exiting employees because “it’s the right thing to do”. Globally, about 75% of companies offer some sort of transition support (closer to 80% in the US). More than 80% of companies that provide outplacement believe it’s a competitive advantage and part of a sound business strategy. In many industries, companies risk not losing only employees, but also customers base on how employees are treated as they transition.

Organizational Advantages

Supporting employees as they transition sends positive signals to the remaining employees – current and former employees typically stay connected. How organizations treat exiting employees has a significant impact to the survivors. Key advantages include increased productivity, morale and stock price, with a decrease in unwanted turnover, sick days and recruiting costs.

Social Impact

Protecting the company’s brand in times of change is particularly important. How organizations manage change can often influence social media content from both exiting and surviving employees. 40% of company reviews posted online are from alumni rather than current employees (via sites like Glassdoor), 92% of consumers read online reviews before they “buy”, including during job search, potential investors turn to social media for information, and yet most companies lack the capacity to track social media channels.

Future Career Success

Offering outplacement ensures that former employees receive the skills and training to transition to a new career quickly and successfully – for all programs the average is 60% faster than for those without a “process”, which reduced employer unemployment compensation costs.

Enhanced Severance

Outplacement services reduces the risk of lawsuits and enhances the agreement to severance packages – an unbiased, external career coach can explain the value to the employee of being future focused, while positioning the company in a positive way for offering the services to the exiting employees. This tends to focus the employee away from the organization and onto “what’s next” for them.

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