Supporting Outgoing Employees By Covering the Costs for Career Transition Coaching Services = “Outplacement”
An employment lawyer recently told me that he estimates 20% of his corporate clients provide outplacement services when they let employees go.
That’s a pretty small percentage in an professional climate where workers care so much, arguably more than ever before, how they are treated and supported.
For employers that wants to Attract Employees and Build a Strong Culture that lasts, career transition services seem like low hanging fruit.
* Mitigate risk and reduce unemployment costs by shortening the time laid off workers spend looking for work.
* Reduce stress and fear among remaining team members.
* Minimize damage to the employer’s reputation by demonstrating continued commitment during unfortunate times.
Costs Can Meet All Budgets
Employers often offer employees a list of career coaching providers and a stipend, leaving the choice of whom to work with up to the employee. Other employers contract with a specific outplacement provider for employees at all or just specific levels. Services can be individualized to include a number of coaching sessions, a resume rewrite and professional branding profiles, interview prep, etc. As a rough ballpark, costs for outplacement might range from $500 to $10K+ for execs. Many outplacement providers and individual career coaches also offer group rates.
Our team provides outplacement career coaching for small and mid-size employers nationwide. Reach out (https://lnkd.in/gM_iv47g) for a free consultation!