1. Help Laid Off Employees Find Work Faster
During unemployment, terminated employees often receive benefits including severance pay, medical coverage, and other costly benefits stipulated in a severance package. The quicker a terminated employee finds work, the more money the company is saving on these severance costs. Because it motivates and encourages participants to find new jobs, outplacement services can also reduce the number of unemployment compensation claims. Additionally, outplacement can decrease the risk of legal costs by reducing the number of lawsuits filed by disgruntled and litigious employees.
2. Increase Loyalty and Satisfaction with Current Employees
Layoffs are a scary thing to witness for employees who remain with the company. These remaining employees could have anxiety about being let go at any moment with no regard to their future career. Using an outplacement service is a cushion for this difficult transition and the employees that remain will see that the company cares about their employees. A company that shows compassion for their employees tends to secure harder working employees and loyalty to the company. Offering outplacement services to laid-off employees is one way to show the remaining employees that they are valued and that the employers have a conscience, which can have a positive impact on company morale, commitment, retention, and productivity.
3. Maintain Company’s Image
A company’s brand and image are everything these days and with social and traditional media, increased consumer awareness means everything a company does during a layoff can be publicized in a negative way at the speed of your internet connection. However, when a company uses an outplacement service, these layoffs don’t seem as harsh to the public and can help control the story that is spread. When the company ensures each terminated employee is being taken care of, it shows that the layoffs were an unfortunate reality to the growth of the business and each employee let go was appreciated. Outplacement reinforces a positive view of the firm and can promote a great reputation, demonstrate your company’s commitment to current and former employees, and showcase the firm’s ability to promote downsizing solutions, such as access to career counseling, networking connections, and job boards. Demonstrating good will generate positive public relations and will help your employees move forward emotionally.
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Outplacement Services for Employers
Our outplacement packages and career counseling services are fully customizable and affordable for any size business or individual. We provide consultation, training, and proactive marketing campaigns for everyone!