With today’s market, an increasing number of businesses are finding themselves confronted with the scenario of having to decrease headcount to remain competitive. Here are a few important aspects to consider when choosing an Outplacement firm if your company is ever faced with a workforce reduction.
1. Types of Services Offered. One decision you’ll have to make regarding outplacement is whether your displaced workers would benefit most from group or person one-on-one outplacement. For the vast majority of outpaced employees, if your budget permits, individual outplacement is the preferred choice because it supplies one-on-one support which can help them move ahead faster than they would in their own.
Should you decide they would benefit most from individual outplacement, you will then have to ascertain what services could be valuable for your displaced workers. One option is to pick an outplacement firm that develops their resume and cover letter for them. An alternative is an outplacement firm that offers office space and a personal computer for the displaced worker to prepare their own job search materials.
2. Areas of Specialty. Another factor to consider when choosing an outplacement firm is whether it’s valuable to you that they have experience dealing with the sort of displaced employees you’ll be sending them. A related element is whether it’s valuable to you that the outplacement firm specializes in dealing with businesses like yours.
If these areas of specialty are important for you, review the outplacement firm’s website and other advertising materials to find out exactly what their specialty is or ask them directly. If an outplacement firm’s expertise lies in serving large companies displacing administrative staff and your small business is displacing experienced managers, this outplacement firm might not be the ideal match for you.