Definition of Outplacement:
The provision of assistance to laid-off employees in finding new employment, either as a benefit provided by the employer directly, or through a specialist service.
The process of a company assisting recently terminated employees with searching for other employment opportunities. Some of these companies work with particular outplacement agencies that locate news jobs for the laid off employees. Outplacement services are typically only provided for a certain amount of time and are not required to be offered by the company. Outplacements services are paid for by the downsizing company.
Outplacement is any service that assists a departing employee with obtaining a new job or transitioning to a new career. Access to outplacement services is offered by some employers as an employee benefit for their staff. Outplacement services can be beneficial for all parties monetarily, professionally, and emotionally and, more often than not, ensure a peaceful end to a working relationship.
No one likes to be fired or laid off from a job or to deliver the news to someone else, but going above and beyond a severance package by providing outplacement services can help both parties through an often-rough transition.
How to use Outplacement in a sentence?
- Outplacement is a service that helps a terminated employee with the transition to a new job, which can include resume writing, job search, and job coaching.
- Outplacement can can have benefits and costs for both employers and employees, as a part of the total compensation cost of a company's labor force.
- Outplacement can reduce stress and turmoil for transitioning employees and mitigate risk for the employer.
- Even in a buoyant jobs market departing employees will view outplacement counselling as an opportunity to enhance their employability.
Meaning of Outplacement & Outplacement Definition