In today’s ever-evolving business landscape, organisations often find themselves faced with the challenging task of downsizing or restructuring. This inevitably involves letting go of valuable employees. As HR managers take on the responsibility for managing these transitions, it becomes paramount to convince CEOs about the immense strategic value of outplacement services for exiting employees.
This article aims to provide HR managers with insights to make a compelling case for implementing outplacement services and the significant benefits they bring to organisations.
The Power of Outplacement:
Outplacement is a comprehensive support program designed to assist employees in finding new employment opportunities after being laid off or made redundant. It offers professional guidance, resources, and training to empower individuals during their career transition. While the primary focus is on supporting employees, outplacement programs also deliver tangible benefits to organisations and their bottom line. Learn more about outplacement services here – https://www.letstalkcareer.com/about-outplacement-services/ .
Fact – Maintaining a Strong Employer Brand Matters:
A strong employer brand is critical for attracting and retaining top talent. While your organisation may not be recruiting now, in the future it is likely you will be. Offering outplacement services demonstrates an organisation’s commitment to supporting employees, even during challenging times.
According to a research study conducted by LinkedIn, 75% of job seekers consider an employer’s brand before applying for a position. By providing outplacement support, organisations can enhance their reputation, leading to a more positive perception among potential candidates and a higher likelihood of attracting top-tier talent in the future.
Fact – Organisations are made up of friendships and social relationships and employee engagement is impacted when staff feel ‘one of their own’ has been negatively impacted by redundancies:
We often forget that employment is also often a social network of sorts. People care for people. If people see individuals being ‘discarded’, or treated unfavourably, they often start to question their own loyalty and commitment to the employer. After all if my employer would treat x like that, perhaps they would also treat me the same! And so getting exiting employees into other work as quickly as possible not only benefits these individuals but their colleagues also!
Employees appreciated the organisation’s commitment to their well-being, resulting in increased loyalty and decreased negative sentiment towards the company. This positive perception contributes to a healthier and more engaged workforce
Offering outplacement services increases the timing exiting employees get back into work. A survey conducted by the Career Transition Partnership found that 92% of employees who received outplacement support secured new employment within six months. This statistic highlights the effectiveness of outplacement in facilitating successful career transitions for exiting employees.
Fact – Survivor guilt is real
The benefit for employers is that the sooner ex-employees find other work the sooner the existing staff feel OK about working at the organisation. Survivor guilt is a real thing, and the best way to minimise this guilt for remaining staff, is by assisting exiting employees lands on their feet as quickly as possible.
Convincing CEOs about the strategic value of outplacement services for exiting employees requires a well-researched and data-driven approach. By highlighting the enhanced employer brand, higher reemployment rates, and impact on remaining employees HR managers can make a compelling case.
About Us:
If you need the assistance of a professional career counselling expert to give you good job advice (https://www.letstalkcareer.com/career-counselling/), please get in touch today (https://www.letstalkcareer.com/contact-us/). Packages start at $1000+gst per hour.
Let’s Talk Career is a leading Australian career counselling, career coaching and outplacement services organisation. We have coaches in Victoria, New South Wales, Queensland, and Perth. We also undertake video based and phone counselling for clients in Tasmania, Canberra, remote Australia and, in fact, throughout the world.
Visit our website (www.letstalkcareer.com) to learn more about how we can support you in your job search. We are able to assist you with resume development and refinement, personal branding, LinkedIn, advice on dealing with recruitment agencies, interview technique, advice negotiating flexible work and new job offers – everything you need to get the flexibility you want to work best for your family. We work with those who are just starting in their careers through to senior managers so contact us today.
We would be delighted for you to reproduce our articles, as long as they remain intact and contain the author’s details as follows: Kris Reynolds is Managing Partner at Let’s Talk Career (www.letstalkcareer.com) in Australia. Kris can be contacted on 1800 284 255 or kris@letstalkcareer.com
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