Why Outplacement Services are a Smart Investment
In today's economy, many companies are faced with no other option but to cut employees in order to survive.
Redundancy can be a difficult experience for both companies and affected employees. To help departing employees navigate their career transitions, organisations often leverage the help of outplacement firms.
While outplacement has gained a reputation for being cold and impersonal, quality outplacement companies provide tailored services that equip individuals to find new work faster.
Both companies and departing employees can reap significant benefits from outplacement.
Benefits for Companies
1) Maintain brand reputation
Past and current employees serve as a source of PR - be it good or bad.
By helping terminated employees through outplacement, a company can help ensure positive word of mouth, helping recruitment efforts moving forward.
2) Save costs
An investment in outplacement can pay for itself.
Depending on the structure of a company's redundancy package, it may be able to save costs when employees find work quicker than anticipated.
3) Reduce risk of lawsuits
Outplacement can also serve as liability protection.
When employees are treated fairly, they are less likely to pursue wrongful dismissal claims and other legal action.
Benefits for Individuals
1) Positive outlook & boosted morale
When employees are made redundant, they often face a paralysing combination of financial difficulties, anxiety and lowered self-esteem.
When a company shows that it cares, it will not only improve mental health for affected employees but also boost the morale of those who remain.
2) Practical personal marketing tools
Given today's exceptionally competitive recruitment environment, top-quality application materials are critical.
Outplacement firms prepare professionally written CVs, cover letters and LinkedIn profiles that differentiate exiting employees from other similar applicants, typically resulting in more interviews and faster job placement.
3) Coaching & personal development
Outplacement coaches serve as a source of motivation and encouragement throughout the redundancy and job search process.
They can provide one-on-one assistance including hosting mock interviews, developing an application strategy, reviewing applications or helping to decide on an offer.
About CV Pilots
CV Pilots is an award-winning CV writing, career coaching and outplacement firm that works with driven, successful applicants across all major sectors including finance, real estate, law, technology and marketing.
Our previous clients include CEOs and senior executives at the world’s leading companies. We were recognised as London's CV Writing Service of the Year for 2019/20.