Outplacement services are becoming more popular for companies to utilize with the ease of assistance they offer with employees that have been laid off. It is always unfortunate when employees are laid off from a company, which is why more and more companies are providing Outplacement services as a package provided to help them find new job placements quickly. Since not all companies offer this service during layoffs, they are also available as an individual to use but can be very costly. Finding a new job quickly can be a daunting task and using a service such as Outplacement can make it much easier and give you confidence your employees will find another position. Here are some benefits to using an Outplacement service.
1) Laid Off Employees Find Work Quicker
During unemployment, terminated employees can receive benefits including paychecks and other benefits stipulated in a severance package. When they find and start a new position, the severance package is no longer needed and costs decrease. These costs can even continue to include medical coverage so the quicker a terminated employee finds work, the more money the company is saving on costs.
2) Invaluable Counselling
Being laid off from work causes a tremendous amount of stress and fear about paying bills and finding a new job. This stress can affect everyone differently and may cause serious problems. Outplacement services are readily available to provide invaluable counselling that will help to alleviate stress and provide a positive spin on new job placement. This will become a positive outlook on the company and how it handles each employee, even if they are no longer with the company.
3) Increases Loyalty and Satisfaction With Current Employees
Layoffs are a scary thing to witness as an employee who still works at the company. They will be afraid of getting let go at any moment with no remorse to the employee’s future. Using an Outplacement Service is a cushion to the hard hit and the employees that remain will see you take care of every individual and do not want them unemployed. Working for a company that truly cares for their employees provides harder working employees and loyalty to the company.
4) Maintains Company’s Image
Social media, television, and live streaming has increased consumer awareness beyond what anyone thought. Everything a company does is publicized immediately and usually in a bad light. When a company uses an Outplacement Service, seeing large layoffs doesn’t seem as difficult to swallow when the company is ensuring each terminated employee is taken care of to find a new position as soon as possible. It shows that the layoffs were not intentional but an unfortunate reality to the growth of the business and each employee let go was appreciated.
5) Reduces Lawsuit Claims
Some disgruntled employees find reasons to present a lawsuit for unlawful termination but with an Outplacement service, the risk decreases heavily. This is because you are offering a service at your cost to help provide assistance to the employee to find a new job, which means you care about them leaving your company. This is seen as favorable to the employee. The more you provide for them and include your sympathy, the more they understand the layoff is business and not a personal attack.