A layoff can be devastating for employees. It marks the end of one stage of their career, and creates various consequences from lost income, identity as well as a community of colleagues. When worrying about the next step can feel overwhelming, executive outplacement services ease the stress, career transition and financial burden of this stressful period. Outplacement support provides assistance to a departing employee so they can obtain a new job or transition onto a new career much faster while eliminating risks and uncertainties. They typically include resume reviews, job search advice, interview training, personalised coaching, and career assessments. For one-on-one careers coaching, personalised career assessments, job search support as well as career management, get tailored outplacement support from NotedCareers. Our main focus is to provide your company and employees the help they need to navigate this challenging time. From executive career advice to career advice for experienced professionals, we can help your people no matter where they are in their careers.
What Modern Executive Outplacement Services Offer
Executive outplacement services offer professionals a strategic job search framework through support in coaching and relevant digital tools. This will typically involve career assessment, resume and LinkedIn profile writing, networking strategies, interview preparation and salary negotiation.
NotedCareers offer personalised career transition assistance coaching and support for outgoing employees from junior to very senior levels. We consult with HR managers, provide training to line managers on the best layoff practices to create offboarding programs that leave employees feeling supported. We take pride in offering a comprehensive range of career management packages that can be tailored to suit the needs of different clients. Whether you’re downsizing, restructuring, dealing with voluntary resignation of employment termination in general, we can help both employer and employee gain a valuable wealth of benefits and ensure a positive end for their working relationship. Our career development consultants offer assistance in the following areas:
- Career Direction Advising
- Career Planning
- Career Options
- Career Assessment Services
- Job Search Assistance
- Performance Management
- Resume and Cover Letter Writing
- Job Interview Coaching
Why Companies Need To Invest In Executive Outplacement Services
Outplacement not only reduces stress and turmoil for transitioning employees but mitigates major risk for the employer. Companies often make the mistake of viewing outplacement as an unnecessary expense as it adds to the cost of employee benefits for individuals who are leaving the organisation. However, in reality, these career transition services are as beneficial to the employers as they are to the employees and are very much worth the modest investment. Businesses that offer outplacement are able to:
Improve their overall reputationIn an age where brand image is everything, businesses that are viewed favourably in the public community have a better chance of recruiting and retaining great talents.
As an employer, having an outplacement program in your company tells your employees you care about them and you’re willing to demonstrate your corporate values in real terms. It’s an integral part of fulfilling your corporate responsibility and will offset negative feedback when layoffs are announced.
Mitigate legal, social and financial risk
Outplacement services provide tangible and intangible benefits for recruitment, retention and brand image. However, their more immediate help includes its practical use in mitigating any legal, social, and financial risk typically associated with layoffs. You can prevent wrongful termination lawsuits, workplace violence, and other negative repercussions of employment termination by implementing an outplacement program.
Boost employee morale
An essential element that outplacement provides is communication. Employers who communicate that career assistance is offered to employees who are let will ease anxiety among remaining workers. This encourages engagement, commitment and productivity in the long run.
Reduce unemployment costs
The sooner an employee finds a new job, the less likely they’ll need unemployment benefits. Businesses that file less number of claims per year may be eligible for lower unemployment insurance rates.
Practical Benefits Of Executive Outplacement Services
Employees often feel angry, frustrated or hurt when laid off or fired. But when they know their former employer will help them secure another job, their stress and anxieties will diminish, allowing them to have a more positive ending to your shared working relationship. An outplacement program will brighten their prospects considerably, leading to much shorter job gaps and less financial stress. As an employer, you have the power to turn this devastating time for them into a hopeful one when you help your employees transition into the next stage of their professional lives with more success. The following are some ways how outplacement career transition services bring value to your people.
Outplacement is especially useful for people who have been out of the job market for a while.
When you have longtime employees who are suddenly made redundant, it’s likely they need more help keeping up with the latest job search trends. Outplacement can help them structure their time in transition no matter where they are in their careers. Whether they’re in a junior position looking for career development or they’re an executive interested in developing additional skills for a higher position, we can help.
Outplacement speeds up the job search process and supports more difficult transitions.
In times of upheaval in the job market or for individuals with positions that present more challenging searches, it’s vital to give employees dedicated support. For example, changing industries can be difficult and time-consuming, which makes long-term outplacement programs a great thing. It is especially encouraged when an advance notice period is possible.
They pose no cost to employees.
When employees lose their job due to restructuring, downsizing and other major changes for a company, the loss of income is their main concern. Outplacement services allow them the complimentary benefits they deserve in times of crisis.
They provide important structure and networking connections.
From getting your resume out again, building connections with prospective employers, to developing a clear plan — these are all the hallmarks of a smart job search. You’re more likely to land a job that’s perfect for your skills when you take the time to assess your direction. Nothing can accomplish this better than an outplacement program that creates a robust list of targets to get you to where you want to be.
Career insight for a major transition.
Losing a job can be the catalyst to a career change. When your employee wants to switch focus, outplacement services will give them the footing they need to learn about their talents and passions so they can confidently choose a new path.
Resume and profile coaching.
If you haven’t been in the job market for a while, you may be rusty on highlighting your accomplishments and skills in a modern, engaging and professional format that speaks directly to the opportunities you seek. When you have clarity on your targets, writing a compelling resume becomes easy.
Both in-person and video interviews can be nerve-wracking. When it comes to interviewing for a new job, outplacement counsellors can help you go over the answers to common and difficult questions so you’ll be better prepared.
Losing a job can be traumatic. It inspires feelings of anxiety and even depression. A dragged-out job search will only make things worse. Having outplacement support will allow employees to resolve their concerns productively, alleviate worries and get positive feedback as well as tailored support to reach their goals faster.
Our Career Transition Services For Employers And Employees
Whether you need career coaching services for executives or goal-oriented transition services for individual employees, NotedCareers offers career and workplace coaching services to mitigate risk, navigate industry challenges and enhance business performance. When you’re serious about improving your bottom line in the long run, boosting employee morale and delivering consistent professional development, outplacement training is one of the best investments you can make for your business. The following are some of the packages we offer to help your current, former and future staff:
Available for professionals of various levels of seniority, these individual 20 packages can be tailored to your liking. Our career consultants will address a wide range of topics such as a change in the workplace, how to facilitate a smooth transition during times of change, and improving organisational performance.
When you want to develop the skills of your employees and prepare them for the next stage of their careers, our 22 pre-designed career development packages can help you find clarity in your career direction and develop the skills you need to reach your goals. This will benefit your business’ overall quality, productivity and brand image. We cover areas such as transferable skill development, relevant employee coaching and more.
Custom Career Coaching Packages
We offer tailored coaching courses designed to meet your business’ specialised needs. With hundreds of career transition, development and career consultant coaching programs available, we can create a custom plan to suit your requirements be it on an individual, team or organisational basis.