Increasingly due to changing business conditions, businesses of all sizes are being forced to reduce the number of employees to lower their business expenses. Often the business will dismiss the senior employees who have more than twenty years work experience, since they are paid higher salaries. Dismissing employees can adversely affect the morale of the remaining employees, since they are worried that they will also lose their job. Hence the business will usually do everything to reduce the stress and resentment of the employees who are being dismissed. One of the widely used methods to help dismissed employees is using outplacement services.
Options
During outplacement, the company or individual will hire an outplacement agency who will help the dismissed employee find a new job. Often large companies will pay the agency their fees for finding a suitable job for the employee, and include it as part of the termination package. Since a large number of employees are being out-placed, the outplacement pricing per employee is lower. Small companies, especially companies which are making a loss, will not be able to pay the outplacement agency. However, the dismissed employees may be informed of the outplacement agencies whose services the professional can use to find a new job.
Packages.
The ease with which the dismissed employee can find a new job or work depends to a large extent on his skills, experience and resume. Some employees have skills which are in demand, especially computer, internet skills, so they can easily find a new job. In other cases, the professional should choose between the packages depending on the level of assistance which is required. The basic package include a CV review, which includes reviewing and rewriting the existing CV to have the maximum impact. In other cases, they will help the professional write a new CV, highlighting the experience, skills and strengths, to help the person get a job easily.
Alternately the professional can use a more comprehensive package to find a job. The outplacement pricing will depend on the features of the package like
- training to handle outplacement
- how to search for and find more job opportunities, using advertisements, social media, hidden job market, contacting companies and recruiters
- reviewing and updating the CV to have positive impact on the recruiter, improve the possibility of being hired
- creating an effective Linkedin profile and using social media to connect to recruiters and companies
- Preparing for an interview, using tools and software to assess performance and make improvements
- negotiating with the company after receiving a job offer to get the best deal.
Training
In some cases, the older dismissed employees do not have the computer and IT skills, which are in demand. So the outplacement agency will often arrange for additional training in the computer, IT skills which most of the employers are looking for. After the training is complete and the employee is certified for his skills, and knowledge, the agency will find suitable companies and organizations which will hire the professional after considering other factors like location, age, work culture.