With the current state of the world’s economy, more and more companies are downsizing their businesses, and employees can find themselves jobless in a highly competitive job market. This may be particularly disheartening for corporate executives who have once enjoyed immense company benefits but now face the prospect of finding new job positions. However, those who have suffered a company layoff need not worry about the decline of their careers; with outplacement services, you can easily get back on your feet and push your career to much greater heights.
Providing outplacement services to employees can be beneficial both for the company and the worker. For employers, outplacement support can enhance the company’s image since this service is often perceived as a benefit in working for the company. Moreover, this kind of service can help maintain good relations between employers and former personnel, drastically reducing the likelihood of termination lawsuits. Another good consequence of maintaining good associations with former employees is the company’s increased chances of hiring them back once the business manages to recover; after all, personnel who leave on good terms are more likely to come back and work for an employer who has taken good care of them during a hard time.
Making outplacement services available to laid off workers can also help increase employee retention and improve productivity among those remaining in the company. Knowing that their colleagues have been given enough support can give employees a sense of security, allowing them to focus on work and be more productive.
For employees, this kind of service can offer valuable support for a truly challenging situation. Losing one’s job is a difficult emotional experience; newly-laid off personnel can easily feel depressed with the loss of their job titles — which also means a loss of security and comfort for some — but ample support can help laid off workers retain their focus and keep morale up. Outplacement support also provides former employees with training sessions, which can help prepare them for the fierce competition in today’s job market.
In addition to helping employees prepare in applying for new jobs, outplacement support can also help job seekers identify their strengths and weaknesses as a worker. Having greater insight in one’s own abilities can help employees easily find a new niche to fill in the industry. This is particularly useful for high-ranking executives who have spent much of their working life in one field; evaluating their skills can help them figure out where else these skills can be applied. The emotional support and job training that come with outplacement services makes it possible for laid-off personnel to find jobs quickly even with today’s harsh business climate.