Transitioning employees to the best available jobs: The power of outplacement services
Whether it’s just one individual leaving your organisation or multiple people leaving as part of a large scale restructure, employees crave tailored support in their career search – so how can HR be better prepared?
What is outplacement I hear you ask? In brief, outplacement provides employees who are leaving a company with practical career advice and coaching support to help them make their next move. Traditionally, outplacement services are contracted by an employer as part of a settlement agreement package due to redundancy or job loss, usually contracted by the employer.
If you don’t have outplacement solutions in your HR toolkit, then it may be worth considering adding it in. Here are some advantages to consider:
Maintain Healthy Relationships with Former Employees
No matter the outcome, displaced workers likely contributed to the success of your organisation at one point or another. Outplacement services help to maintain healthy relationships with displaced employees during a time when they may not have a positive mind set.
Severance pay alone is not enough to create new opportunities. While severance pay is often warranted, your displaced workers may have other needs. Outplacement solutions can help candidates to re-assess their skills sets and understand how their transferable skills can help them transition to a new sector or role. Tailored and diverse coaching and advice will ultimately get workers back on their feet faster than just a pay-out alone.
You have a corporate responsibility to your employees. That said, outplacement solutions can serve as a liability protection against possible disgruntled displaced employees. While you are no longer their employer, you are seen to be taking the necessary steps to ensure a smoother transition, avoiding any possible legal action. This could include job search assistance, interview preparation tools, and career assessments.
Increased Productivity From Current Employees
Sometimes business is tough, consider the value of communicating to your employees that “If things get too heavy — whether business is bad or you need a fresh start — the company will be there to help”. Outplacement solutions show your dedication to your team, no matter how bad things may get. In turn, this can increase productivity and engagement from your current staff since they are aware of your commitment to their future career, displaced or otherwise.
Building a Better Brand
These days, employer brand is everything. Outplacement solutions promote a great company reputation, demonstrate your commitment to current and former staff, and showcase your ability to provide the solutions modern professionals need. When you have a better brand, you attract better people, innovative ideas, and more business for your organisation.
If you look at outplacement services from this overarching perspective, you’ll find that it can do a whole lot of good during a difficult time. Redundant employees need more than just a P45 and some redundancy pay. They need real solutions that can help them to find a new opportunities.
Outplacement solutions are a great way to transition employees to a new future, show that you care about your staff, all the while maintaining your reputation and image.