Definition by Investopedia
Assistance provided through a third-party specialist company and paid for by a former employer to help laid-off employees find new employment
Outplacement, although relatively new to South Africa, has been a staple part of international business practice since the early 1970’s.
Outplacement provides departing employees with emotional support and professional career management expertise, with the objective securing a new role as quickly and painlessly as possible.
Outplacement services demonstrate a company’s commitment to employee welfare.
Outplacement is not about ‘finding jobs’ for employees, instead it teaches individuals to recognise and market their skills, embrace change and take charge of their career development.
“Give a man a fish and he will eat for a day. Teach a man to fish and he will eat for a lifetime”
Outplacement represents a support bridge between the shock of job loss and the daunting process of securing a new role.
- Provides a confidential and objective space to talk through concerns
- Reviews and prioritizes skill-sets to suit the current and post-pandemic market
- Addresses career options, including self-employment, gig economy etc.
- Rejuvenates crucial marketing materials such as CV & LinkedIn profile
- Optimises interview perspective and performance
- Formulates an effective job search strategy
- Renews confidence and competitive spirit
Managing employee departures is a sensitive and stressful time for any business – Outplacement helps by focusing the outgoing employee on his or her future.
- Demonstrates social consciousness
- Eases pressure on management and HR staff
- Tempers internal morale and survivor guilt
- Treats outgoing employees with dignity and compassion
- Supported employees less likely to push for litigation
- Minimises the possibility of negative press coverage