Outplacement Services are used by over 80% of Fortune 500 companies. They are provided to both executive and rank-and-file employees, and were rated by employers, in a recent national study, as the number one form of transition assistance provided to displaced employees. Why are so many organizations using this service? Some benefits include:
- Job search assistance, according to a recent university study, is the most effective method for reducing the length of time a displaced employee is out of work.
- Laid-off or early exiting employees have a higher-than-average rate of grievances, late workers' comp claims, wrongful termination suits, etc. These dramatically diminish when the employee secures new employment.
- The morale of remaining employees stays higher when they see that the employer is taking care of their coworkers.
- The community image of an employer is largely demonstrated by the employer's commitment to their employees.
- A person's job is a core feature of their make-up, and the loss of such can be devastating. Professional help enables them to deal with their reactions to the event, move forward, and focus on securing that next job.
- The world of work has changed dramatically in the past few years. Most persons are not aware of how to most effectively get their next job. Many need help to make the decisions they are facing.
- Many employers recognize the responsibility they have to departing employees, and that this is the most effective way to restore what has been lost.
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