Having to let employees go is never easy. It can be a difficult conversation to have. However, it is an opportunity for the HR department to step forward and showcase its importance. HR is a vital competent in a business, and they can show their support by offering outplacement services to employees.
Outplacement services help former employees to find a new replacement job as soon as possible. It aims to reduce the time they will spend out of employment. Offering outplacement services can be a powerful opportunity a company could provide for employees. Here are a few ways your company could benefit from investing in outplacement.
3 Ways Your Company Could Benefit From Outplacement
Protect Company’s Reputation
An online presence is crucial for modern businesses. Being present online can help to increase consumer awareness and expand customer reach. A positive reputation online is a vital part of a company’s success. The reviews left online about a business provide potential customers insight into the business and the service they should expect to receive. Potential employees looking to apply to your business will read the reviews left to form an opinion about the company culture. Seeing positive reviews about the company culture and the atmosphere inside the working environment will increase the likelihood of talented individuals applying to your business.
If you have to make an employee redundant from their position, you want to ensure that it is done in the best possible manner. Something that will be well received is outplacement. Your HR team can partner alongside a firm, like Randstad RiseSmart, to help with transitioning into another role. It could be another role within the company or help them find employment elsewhere. Showing this level of dedication to your team will be remembered. They may share their experience with the business on online directories about what it is like to work at the company.
Improves Employee Satisfaction Rates
Knowing that fellow employees have been made redundant can be a worrying time for current employees. It causes fear, and they will worry that their position is not secure. If they were to be made redundant, there would be that feeling of dread for not having a new place of employment to go to.
With an outplacement service, employees staying with the company will see the level of dedication you have to your team. It shows them you are willing to go the extra mile to ensure that all employees will continue to have employment, despite no longer being with the company.
Emphasize Value Of Employees
Employees who feel valued and cared for are more likely to work harder. A recent survey revealed how happy workers are 13% more productive than unhappy employees in their roles.
When employees know that the company will help them find a new job if they are made redundant, it can offer a sense of feeling valued. It shows them that the company care for them. In turn, the teamwork harder motivated me to deliver exceptional business service for both the business and clients.
The Bottom Line
Investing in outplacement services can be incredibly beneficial for your business. It can protect the company from legal battles of liability. If your company has to make redundancies, you will want to prioritise supporting employees affected. As a result, each of your employees will feel supported by the company.