Outplacement

What is Outplacement?

 

‘Outplacement’ refers to the services provided by some companies to former employees who have been terminated due to downsizing. These services help the employee transition into the job market and make the job hunt that much easier. In these scenarios, the company hiring the outplacement services pays for the charges.

 

There are agencies that offer outplacement services to organizations that combine both psychological and emotional support to employees who have had to leave their previous job and start looking for a new one after a long time. They also provide practical tips and guidance to aid the job hunt.

 

Some outplacement agencies might even provide tools such as an office space or even set up interviews with prospective companies in order to make sure that the employee gets placed at the earliest.

More HR Terms

Employee-driven Idea System

What is Employee-driven Idea System?   An ‘Employee-driven Idea System’ is a system where the employees are encouraged and incentivised to come up with ideas

Parkinson’s Law of Triviality

What is Parkinson’s Law of Triviality?    ‘Parkinson’s Law of Triviality’ is the law that refers to the high amount of time and resources spent

Yellow Dog Contract

What is Yellow Dog Contract?   ‘Yellow Dog Contract’ or ‘yellow dog clauses’ refers to the practice of refraining an employee from joining a union

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