Magazine article HRMagazine

How to Find a Good Outplacement Provider

Magazine article HRMagazine

How to Find a Good Outplacement Provider

Article excerpt

When MicrosoftCorp. recently announced that it will cut 18,000 jobs over the next fiscal year, it brought the uncomfortable topic of layoffs to the top of many people's minds. Conversations about reductions in the workforce are never easy, but help is available.

Companies that provide outplacement solutions to displaced workers can decrease unemployment-related expenses and improve an employer's brand. To select the appropriate provider, HR professionals should ask:

How will employees' success in finding new employment be tracked? The return on investment must be measurable. Metrics might include how long it takes former employees to land their next jobs, how that time frame benchmarks with the national average (240 days) and how likely it is that affected employees will speak highly of their former employer.

How can a company ensure that its outplacement services are relevant to impacted employees? …

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