Outplacement, not to be confused with outsourcing or off shoring, is increasingly becoming standard management practice and an integral part of talent management strategy. As organisations acknowledge their social responsibility, as well as issues surrounding talent shortages and an ageing population, the value of outplacement becomes more significant.
Outplacement should be aligned with the evolving needs of the business, and considered as an integral component of your people or talent management strategy.
What is Outplacement?
Outplacement is advice and practical support for individuals going through job loss or major career change. It helps people in making a successful transition to full or part-time employment, self-employment, retraining or Retirement, recognising the skills and experience they have to offer potential employers.
The role of Consult Capital as an outplacement provider is to support an individual in managing their career as opposed to simply finding another job. Also, Consult Capital acts as a sounding board when a job offer has been made to ensure that the role is aligned with their skills, interests, drivers and overall career plan.
A recent industry survey reveals that 81% of employers use external consultancies for outplacement; it is recognised best practice in HR. This is because most organisations don’t have the internal resources to assist employees leaving the organisation. Industry statistics prove that the benefits of outplacement for both employer and employee far outweigh the costs, so a relatively small investment in outplacement makes sound business sense.
- 78% of organisations felt that the offer of career transition outplacement improved their reputation internally and brand externally
- 87% believed it eased the pressure on line managers
- 70% believed it improved staff morale, motivation and productivity to see exiting employees treated with compassion and receiving professional support in finding other roles/opportunities.
For further information on how Outplacement can enhance your current people management strategy to the benefit both of your employees (those exiting and those remaining) and your organisation, or to find out about our range of career transition services, please contact Donna Merrick on 029 2047 4457 or e-mail her by clicking here.