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Coach, mentor, and work with employees to ease their fears, answer questions, and reduce anxiety. Employees who were provided outplacement after a layoff are 3x more likely to continue purchasing that company’s offerings after the separation event. Consider incentives. Administer performance-based incentives.
All of these reasons serve as strong incentives for companies to offer severance pay. Forbes points out that severance pay is just one part of a bigger severance package, which can include extension of health and other benefits, retirement benefits, stock options, and outplacement services to help departing employees find new jobs.
Coach, mentor, and work with employees to ease their fears, answer questions, and reduce anxiety. Employees who were provided outplacement after a layoff are 3x more likely to continue purchasing that company’s offerings after the separation event. Consider incentives. Administer performance-based incentives.
This article will explore the importance of negotiating a severance package before you begin a new role, and why you should ask for outplacement services to be included as part of that package. Added value beyond salary: Including elements like outplacement services in your severance agreement adds tangible value to your compensation package.
All of these reasons serve as strong incentives for companies to offer severance pay. Forbes points out that severance pay is just one part of a bigger severance package, which can include extension of health and other benefits, retirement benefits, stock options, and outplacement services to help departing employees find new jobs.
Full-time staff often relish performance-based bonuses and annual appraisals, while part-time employees highly value flexible scheduling and additional incentives. In every stage of the employee lifecycle, INTOO helps employers protect their brand through effective candidate experience, career development, and outplacement services.
In the current workplace climate, the impact of outplacement on the employee experience, protecting employer brands, and getting displaced employees back to work in new, meaningful roles cannot be understated. It’s never been more important to include outplacement services in your outgoing employee experience.
That respect should have been there through hiring, training, onboarding, coaching and counseling. Establish incentives for transitional staff. Either way, it’s a financial incentive for them to stay for a specified amount of time. Provide outplacement assistance and support. Handle layoff conversations with care.
Continue retention initiatives to prevent high-performers from leaving prematurely through stay bonuses, development opportunities, or inclusion in early decision-making. Without early retention efforts, such as stay bonuses, recognition, or clear role mapping, organizations risk losing staff essential for a successful integration.
That respect should have been there through hiring, training, onboarding, coaching and counseling. If you need employees to complete projects or work during the transition, there are incentives you can offer to encourage them to stay on and do a good job. Outplacement assistance. A retention bonus. Flexibility.
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