Being let go from a job is extremely disappointing for all parties involved, including the employer who’s delivering the news. It can be an uncomfortable situation, but there are ways to relieve the anxiety and stress of yourself and the employee through outplacement services.
Outplacement services can benefit the employee as they start to look for a new job while simultaneously benefiting your reputation as a business. Investing in these services and the people you are laying off can turn into a positive aspect of your business. Here’s how.
What Is Outplacement Coaching?
Outplacement coaching is a service offered by a company to help terminated employees seek another profession. Outplacement services can include revising resumes or helping employees figure out what they would like to do next.
Professionals who serve as outplacement coaches can help your employees gain the confidence and knowledge to step into this new position in life as they move towards their next goal. They can give your employees the skills they need to set themselves up for success after they leave your company.
How Does Outplacement Coaching Work?
Outplacement coaching is a program that can be offered in-house or through a third party. Businesses can set up the program to run it how they see fit and offer it as a part of severance for those being let go.
When a terminated employee takes advantage of the program, they will either meet with a coach one-on-one or with a group depending on how you have set the program up. The coach will then work with each individual to discuss necessary steps to take during this time such as how to begin searching for a new position, how to tailor a resume to fit each application, interview tips, and how to negotiate future salaries.
Another beneficial aspect of outplacement services is that they can teach the employee how to network and find newer opportunities quickly. These trainers can teach employers how to use the internet or go to job fairs to speak to prospective employers about new opportunities.
Benefits of Outplacement Coaching For Your Business
While outplacement services can greatly help terminated employees, they can also help your business as well. Offering outplacement coaching is a great way to maintain a healthy reputation as a business that cares about the well-being of its employees, especially if you offer a high-quality program.
Offering this service can attract the right kinds of workers who feel valued at the company which can prevent a negative turnover rate for those looking to leave. Losing a job is always emotional, and the employer will likely feel that this is a personal attack, but offering services to help them find a new job quickly can reduce the risk of unhappy employers as they manage this new season.
Offering outplacement services is easy to do and can be cost-effective depending on how you tailor the program. If you’re looking for ways to help employees, this is the right way to go.