How to Get Maximum Results from Outplacement Services in 2019

Posted by SSR Consultant on July 18th, 2019

Outsourcing or career transition refers to the process through which a company strives to assist recently terminated employees in their search for other employment or job opportunities. Contemporary businesses work with third-party outplacement agencies that help to locate news jobs for laid-off employees. An Outplacement company firm agency ensures that the effects of career transition on employees as well as the business is reduced to the bare minimum. Modern organizations realize that companies outgrow people and vice versa. There is a professional relationship between an employee and an employer and this relationship can be terminated in interest of the business. Businesses that consciously work towards reducing the stress of job loss for their employees have outplacement programs to help people find their way and make the transition smooth.

Top Reason Why Companies Lay Off 

Cutting Costs- The most popular reason for being laid off is the business requiring to cut costs in some or the other way. This need to cut costs usually arises from increasing debts that have to be paid off or due to lack of profits, as a result of a drop in expected sales figures for a company. A poor performance of a company or its products in the market can result in the form of low morale or lowered productivity among workers.

Staff Reduction -  Over staffing of employees often results in the company attempting to reduce the current number of staffs to maintain equilibrium. Staff reduction might also result due to the presence of a new leader who wishes to work with a smaller team of experts. Layoffs due to staff reduction usually affect a single business department and not the entire company. For example, overstaffing in the marketing department might lead to layoffs of a few marketing professionals based on performance or tenure with the company. 

Company Relocation -  Relocating a company's entire head office or one of the branches could cause a company to lay off its workers in big numbers. Shutting down an original location can have a huge impact on not only the employees but also the local business partners and customers. A company might ask its existing employees to relocate, however, most of them might be hesitant due to the problems that come with relocation. So in case, massive layoffs are carried due to relocation, the business must show genuine concern for these workers and provide them with adequate resources to help them adjust.

Company Mergers or Buyouts - If a company is bought out and taken over by another big company or if it merges with another similar company, the change could often prove to be challenging for the employees. In case a new leader or team of managers take over, this often means new goals and business plans, which might require layoffs. A change in the style of leadership might require to lay off certain employees and hire new ones. Therefore, mergers and buyouts are often considered the most difficult times for a company. 

Biggest Benefits of Outplacement Services for A Business

Helps Employees Find New Opportunities 

During unemployment, laid-off employees can receive benefits such as paychecks or paid leaves for a few months to ease their situation. Outplacement service providers help terminated employees to land a better job opportunity for them. They can help schedule their interviews with companies based on their respective interests and skill sets. As soon as an employee finds a new and better opportunity, they would feel less burdened and at peace. 

Provides Valuable Counselling to Employees 

Being temporarily or permanently terminated from work causes an immense amount of stress and fear about paying bills and finding another job. This stress can affect everyone differently and especially those who might be the only source of income for their family. Outplacement services are always available to provide valuable and much-needed counseling that will help to avoid stress and provide a positive outlook towards a  new job placement. This will help create a positive image of the company and how it handles each employee, even if they are no longer associated with the company.

Ensures that Current Employees are Not Demotivated 

Layoffs are an equally distressful phenomenon to witness as an employee who still works at the company. They are often afraid that they might be asked to leave at any moment with no remorse to their future. Using an Outplacement Service acts as a cushion to the hard-hit employees and avoids lowering of the morale of existing employees. Working for a business that truly cares for its employees leads to better employee loyalty and productivity of them. 

Helps Establish a Company’s Reputation 

Consumers and potential employees are well aware of a brand in the market due to their social media presence, television commercials, and other marketing sources. 

Every action of a company is publicized immediately and news concerned with the layoffs of employees can spread like wildfire. When a company seeks the help of an Outplacement service provider, seeing large layoffs don’t seem as difficult when the company ensures that each terminated employee is taken care of.