It is almost certain that unemployment rates will keep growing before we start to see the effects of the recession diminish. With that in mind, employers will continue to face the nightmare of laying off employees as they seek to realize their organizational goals.
More and more companies are turning to outplacement services companies whenever they are faced with this unpleasant task in the bid to minimize the negative effect that comes with the whole process.
According to Peoria Magazine, excellent outplacement services not only protect your company from legal liabilities and poor reputation but also enhance retention rates and productivity from the remaining staff. Owing to the high demand for outplacement services, however, numerous outplacement services companies are coming into the market in all sizes and shapes.
But do they all offer best outplacement services? Are they universally living up to their promises?
Finding the Best Outplacement Services Companies
How can you be able to determine the best outplacement companies? Well, when it comes to picking an outplacement service (or any new service for that matter) you must do an exhaustive amount of research, looking at one after another, creating a list of outplacement firms that meet your firm’s criteria at a general level. Then you have to whittle down the list to at least a shortlist of top ten outplacement firms near you.
Even then, there's still so much untapped information out there about outplacement firms that you probably don’t know. Let’s take a look at some of the things you probably didn’t know about outplacement services companies to help you make an informed decision.
Four Things to Consider When Shopping for Outplacement Services Companies
Here's a brief rundown of what we will cover:
- Outplacement Services Are Not One-Size-Fits-All
- Traditional Models of Outplacement Are No Longer Effective
- Outplacement Services Companies Do Not Directly Find New Jobs for Laid off Employees
- Outplacement Services Can Be Highly Affordable
Make Sure the Outplacement Services Company Fits Your Needs
In the bid to seek the best employee or executive outplacement services, you have to understand that not all programs are suited for all people. You may be surprised that an outplacement company such as Careerminds will build a custom-designed outplacement plan based on your firm. Every firm is different, and therefore, excellent outplacement firms will configure their outplacement programs based on your company’s needs.
It’s as simple as choosing what features you want to be included in the employee’s outplacement program and which ones you choose to omit. Moreover, a top program should also be customized based on your employee's areas of interest, job function, and industry.
At Careerminds, building web-based outplacement technology is what drives us, making our service customizable, configurable, and personal. The team exclusively focuses on tailoring outplacement programs for your transitioning employees.
Make Sure the Company Is Cutting-Edge
When your firm takes action to reduce expenses through downsizing, it’s imperative to do so by selecting an effective, up-to-date outplacement service that will find jobs for the transitioning employees. Outplacement firms that still use the 1960s traditional outplacement models no longer achieve successful career transitioning for workers in the current job market. Such firms that use impersonal, untailored and outdated models have brick and mortar infrastructure that costs your company a lot of money without delivering tangible results.
The best outplacement companies realize that technological advancements have revolutionized the job market today and have enabled outplacement options that had been previously thought impractical or impossible.
J.T O'Donnell of Work It Daily talks of technological know-how as one of nine traits of the best outplacement services. At Careerminds, we believe that outplacement services in today’s world should be delivered virtually, leveraging “high tech with a high touch approach.”
But, if your organization is looking for face-to-face components, we are able to deliver a blended solution that will suit your organizational needs. The bottom line is if you are looking to get the best outplacement services companies, go for those who embrace “virtual outplacement solutions” that are low in cost and more results-driven.
Understand What Outplacement Really Is
There is a huge misconception (or deception) that outplacement firms directly find new jobs for the laid-off employees. Not exactly. But, do outplacement services work? Absolutely.
Outplacement firms assist individuals in determining what career path best suits them and then guides and supports them in their job search to achieve their career targets. Outplacement programs provide systems required by the employee to move forward after losing a job through termination or layoff.
Participants in such systems typically receive training from expert career coaches on interview preparation, job-seeking tactics, social networking, resume writing, as well as how to interpret new market and industry trends. A well-designed outplacement program can offer lasting value to not only departing and remaining employees but also to the company and the economy as a whole.
Outplacement Service Companies and Affordability
Many outplacement companies are quick to mention about the excellence of services and solutions they offer, but most are not so ‘open’ about their pricing. Largely, this is because some tend to be too expensive - a reason that chases many organizations away. But along with their benefits, outplacement services can be more affordable than you think. As aforementioned, before jumping on this bandwagon, it is important to conduct an extensive research and have a list to compare.
If you want to lower the cost of hiring an outplacement firm, you have first to hire the right company that meets your need. Choosing the right outplacement firm is one of the most important factors in determining whether or not you’ll get value for your money. While you are comparing, don’t go for the cheapest—remember, cheap can be expensive sometimes.
A cheap program might be attractive at sight, but a lack of effectiveness means that you must keep paying for an outplacement process without getting value for your money. In the long run, the terms of such a program will expire without any tangible outcomes. Remember, it’s extremely vital as an employer to keep tabs with your outplacement firm and monitor their programs to see whether or not they work. Avoid the catastrophe of paying for something that might not be worthwhile!