What is Outplacement?
Outplacement, also known as a career transition solution, is a service that employers can provide to employees affected by layoffs or workforce reductions. This support service helps displaced employees regain their footing and transition to new opportunities.
Links International’s outplacement services facilitate workforce transitions through professional assessment, stakeholder management, and expert counseling. Our outplacement support enhances an organization’s competitive edge, maximizes the mobility of departing staff, and reassures remaining employees.
Established in 1999, Links International has a team of over 2,300+ professionals, including 50+ recruiters, across 14 offices. We offer a wide range of HR services, including outplacement, payroll outsourcing, visa application, PEO/EOR secondment, recruitment, and employee assistance programs. To meet client needs, we continually upgrade our products and services. Speak to our team today to learn more about our comprehensive offerings!
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Don’t waste precious time wandering around. Get in touch with one of our outplacement experts today and learn how we can get your workforce back on track.
Why are Leading Businesses Using Outplacement?
During restructuring, there are many changes and uncertainties for both the business and employees. Outplacement is the ideal service to provide stability to the company and preserve your company’s reputation during difficult times. Successful corporations know the value of employer branding and how it suffers the most from bad publicity.
Key Facts:
What are the Phases of Outplacement?
Don’t Let Today’s Decision to Layoff or Restructure Impact Your Future Workforce
Many leaders don’t realise the benefit of outplacement towards the company. By providing outplacement support, companies enjoy a smoother transition, mitigate legal disputes and communicate to internal staff their value, thereby reinforcing future and remaining workforce.
Did you know, a 1% downsize in the workforce leads to a 31% increase in voluntary turnover rate the following year (Harvard Business Review). Outplacement services should help leaders identify workforce inefficiencies and plan out a smooth exit strategy.
Best Suited for Companies that:
Frequently Asked Questions (FAQs) in Outplacement
Outplacement services can be provided in person, online, or through a combination of both. The length of outplacement services can vary, but it typically ranges from 6 months – 18 months. The cost of outplacement services can vary depending on the length and complexity of services provided.
Outplacement can provide several benefits for both employers and employees. For employers, outplacement can help to:
- Protect the reputation of the company by showing that it cares about its employees and demonstrate strong corporate social responsibility by the employer. This is especially crucial since customers, investors, partners, and other stakeholders often pay attention to a company’s CSR efforts.
- Mitigate the risk of lawsuits from former employees.
- Retain people left behind to fulfil your responsibility as an employer.
- Ensure a smooth transition for employees.
- Provide training for employees for more efficient knowledge transfer.
For employees, outplacement can help to:
- Connect to new opportunities quicker.
- Increase their chances of landing their next dream job
- Provide better access to counselling services for those suffering from anxiety and depression and even their family members.
Outplacement services for employers can include:
- Consulting services to help employers with downsizing strategies and communicating layoffs to the workforce and strategic planning of communication to the workforce.
- Support measures to keep retained employees productive.
- Guidance on how to effectively approach layoffs and terminations consultations.
The most common outplacement services include:
- Pre-Execution consultation – Understanding the priorities of the company so that the right set of outplacement service can be provided. Getting employees into the next opportunity and placing them with a suitable candidate.
- Implementation Phase – The outplacement service provider provides support through skills gap identification, termination planning, career counselling, and so on.
- Employee Aftercare – To ensure employee moral remains high and to make certain they are settling well in their new opportunities, additional services are provided such as flexible clinical consultation, an emotional support hotline and even a 24/7 support hotline for family members.
Outplacement is most suited for employers who
- have a plan to right size their workforce
- are laying part of the workforce off
- are relocating part of their company
- are planning a merger/buyout and need to eliminate redundancies
Despite the additional cost it incurs, employers provide outplacement assistance as part of their benefits packages due to its potential to enhance their company’s reputation and reduce certain risks linked to layoffs and terminations.
- Fulfilling Employer Obligations: Offering career transition services demonstrates a company’s commitment to its employees’ well-being during challenging times like downsizing, restructuring, or retrenchment.
- Reduced Legal Risk: A well-designed program can help mitigate the risk of lawsuits related to wrongful termination, especially following a retrenchment.
- Enhanced Employer Branding: Employers remain socially responsible and bolster overall branding post retrenchment. Offering outplacement demonstrates that the employer is responsible and believes in doing the right thing by providing career transition support to retrenched employees.
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