Outplacement refers to lending a helping hand to employees who are being let go. The employees might be losing their job due to downsizing of the organisation, voluntary resignation or termination for underperformance, shutting down of a business unit. Sometime, Organisations outsource the outplacements to third party agencies who specialize in helping people in these situations find new jobs. Outplacement services are provided in order to take care of employees and make their transition outside the company smooth.
Outplacement agencies generally help with:
1.) Interview coaching
3.) Helping candidates improve their resumes and LinkedIn profiles.
4.) Helping candidates in career change
5.) Finding potential job openings at other organizations
Outplacement agencies help employees that are being let go better deal with their feelings of insecurity, embarrassment and fear of the future.