article thumbnail

What Is the Difference Between a Voluntary Retirement and a Layoff?

Careerminds

Layoffs are often based on factors such as seniority, job redundancy, or overall business needs, and employees are typically provided with severance pay and other transitional support like outplacement services. Control Voluntary retirement: Employees can choose whether to participate in the program.

article thumbnail

How HR Capabilities Evolve with Business Growth [+ 5 Tips for HR Leaders]

AIHR

HR’s focus during this stage is on guiding employees through these transitions, retaining key talent for essential operations, and managing knowledge transfer to preserve critical organizational knowledge. Primary HR capabilities: Outplacement, retention of critical talent, and knowledge transfer.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Hidden Value of Outplacement Services in the Life Sciences Industry

CCI Consulting

Being that the only constant in life sciences is change, leaders in this industry often ask, “Is investing in an outplacement provider worth it?” The Positive Impact of an Outplacement Provider While workforce reductions are typically a last resort, the narrative can shift positively with outplacement programs.

article thumbnail

Best Practices for Facing Tough Budget Choices

Cupa HR

Contracting with an external vendor to provide outplacement services, including training and interviewing skills. Offering rapid-response sessions in collaboration with the Department of Workforce Development to provide training on filing unemployment and finding job opportunities in the state.

article thumbnail

BEST BOSS EVER Podcast: e3 - Pat Lynch and the State of Outplacement During COVID-19

The HR Capitalist

In this episode, Kris Dunn talks with Patrick Lynch , President of CMP’s Southeast Region, to talk about the current state of outplacement during COVID-19. CMP helps companies and individuals with outplacement and career transitions. 4:34: KD asks Pat: What’s changed in Outplacement in the last few months with COVID?

article thumbnail

6-Step Offboarding Checklist

Intoo USA

With every employee departure, collect and sign off on all required digital and physical company property: employee badges, parking permits, and physical documents, to name a few. Also, restrict employee-related accounts and shared access to company information (e.g.,

article thumbnail

Do Outplacement Services Work?

New to HR

For a business leader, there is hardly any activity more humbling than letting an employee go. When the business isn’t doing well, when that employee’s position is no longer necessary, when it isn’t the employee’s fault in the slightest, termination. The post Do Outplacement Services Work? appeared first on New To HR.