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Theres been a fair amount of CEO turnover this year, with departures reaching 222 in January, according to outplacement firm Challenger, Gray & Christmas, the highest level for the month since the firm started tracking in 2002.
A recent report from Right Management, an outplacement and career management firm, found company culture alignment, career investment, and professional development all play a bigger role driving employee engagement than compensation and benefits do.
This year, 64% of companies planned to have in-person holiday celebrations, matching the amount in 2023, according to Challenger, Gray & Christmas, an outplacement and coaching firm. People have been asking us for that. Thats up from 57% in 2022 and 27% in 2021. However, it is still short of 75% of the companies that held parties in 2019.
Generous support for employees impacted by layoffs, like a sizable severance package or outplacement services , won’t mean anything if an employer doesn’t put thought into how the reduction is communicated. “So I think when you’re actually doing reduction is a prime example to reflect your values in every decision you make.”
Given that we all know there’s no such thing as a job for life anymore, and the fact that millennials are particularly likely to switch jobs, is there still any need for specialist outplacement support?
Scruggs spent 10 business days researching the role and leads, including calling the Navy’s personnel department, which faxed her the names and numbers of military outplacement specialists, who then recommended veterans that she could contact. The role went unfilled for weeks, and the firm had no proprietary matches.
The job search and career transition challenges faced by these individuals are significant, making specialized outplacement programs critical for a successful transition. The […] The post What Are Outplacement Services? These challenges are only intensifying in the face of a shifting labor market.
Andrea Abernethy is a Careerminds Senior Career Consultant who assists outplacement program participants through their career transition, providing support, advice, and encouragement when needed to help them find a new, fulfilling job they will love. Download our Comparison Sheet See how we compare to other outplacement providers.
Advertisement - Best practices include severance based on years of service,hiring preference for open jobs, and outplacement assistance. Even employees working remotely should at least get a telephone call from their supervisor. That message cannot be delegated to HR.
Speaker: Caroline Vernon, Director of Sales, CareerArc
Enter Outplacement - the brand strategy you may be overlooking. How does providing an Outplacement program to an exiting employee affect the Employer Brand/ Reputation? A benefit given to exiting employees that gives them expert advice on resume preparation, job search strategy as well as help negotiating a job offer.
That’s why it’s important for your outplacement partner to offer more comprehensive, up-to-date resume support that reflects how hiring works today. These stats underscore why a generic resume no longer cuts it and why HR leaders should ensure that any outplacement provider they partner with understands and supports ATS-readiness.
While HR may not be able to prevent layoffs, she recommended that companies offer affected employees outplacement services, as well as advanced noticemaybe not five months worth, but more than just the day before, she said. And the more information about the decision, the better.
That’s where an outplacement coach becomes a game-changer. Outplacement services aren’t just a feel-good benefit offered by employers—they’re a strategic […] The post 7 Ways an Outplacement Coach Cuts Job-Search Time in Half for Michigan Professionals in Career Transition appeared first on Right Management Great Lakes.
Seven Ways Outplacement Partners Help HR Leaders Through Transition Layoffs are an inevitable part of business cycles, often resulting from economic downturns, company restructuring or strategic pivots. For HR leaders, the responsibility of managing layoffs with empathy and efficiency can be challenging.
Predictions from outplacement firm Challenger, Gray & Christmas suggest teenagers will gain 1 million jobs from May through July 2025, down from the 1.1 Meanwhile, unemployment for people aged 20 to 24, who have also experienced difficulty finding employment this year, increased 9% year over year to 8.2%
Offer severance packages , career counselling, job search assistance, and outplacement services to help them secure their next role. Whether its finalizing their severance package, returning company property, or receiving outplacement assistance, employees should feel supported during the transition.
While clear data on AI’s present and future impact on jobs remains inconclusive, an analysis of Q2 2025 layoffs in the US by outplacement services firm Challenger, Gray and Christmas found of the 76,214 tech jobs lost this year, 20,000 were explicitly related to “technological updates.”
Step 6: Determine Severance, Benefits, and Outplacement Determine severance benefits for impacted employees, such as severance pay, continuation of insurance plans, retirement benefits, and stay bonuses. Consider including outplacement support with severance packages. Determine severance, benefits, and outplacement 7.
Key Services: Talent Acquisition and Recruitment Workforce Management Solutions Payroll Services Learning and Development Outplacement Services Why It Stands Out Randstad combines technology with human insight to offer tailored HR solutions. With operations in over 60 countries, Adecco has a significant global footprint.
Redeployment and Outplacement: Tying Skills to Career Transitions Outplacement services have long been associated with senior professionals, long-tenured staff, or executives navigating workforce transitions. HR teams can integrate upskilling initiatives into outplacement programs by: Offering career coaching and resume support.
Outplacement Shows Care for Employees, Protects Your Brand and Reinforces Company Values. Every organization proudly promotes its values on its website, in annual reports and throughout employer branding campaigns. But it’s not during periods of growth and success that those values matter most.
Careerminds provides expert outplacement services to help organizations navigate turnover smoothly. If your organization is facing high turnover or unexpected employee exits, investing in outplacement services can make a significant difference. Click below to learn more about our industry-leading outplacement services!
With over 20 years in the corporate sector across consumer-packaged goods, finance, sales, human resources, and retail, Careerminds Senior Career Consultant Karen Maida Heckman specializes in outplacement coaching and interview prep. How Have You Seen the Outplacement Industry Evolve Over the Past Decade? We care.
Outplacement Services: Provide career counseling, resume workshops, and job placement assistance. HR Tip: Conduct a legal review of layoff plans to identify and mitigate potential risks. Employee Assistance Programs (EAPs): Offer mental health support to help employees cope with the transition.
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.
Typical forms of “consideration” include: Severance pay Health benefits extension Outplacement services Bonus or incentive payouts Relocation assistance EXPERT TIP: Final pay, unused paid time off, or other legally required benefits don’t qualify as valid consideration. COBRA ), bonuses, or outplacement services.
Now, if your organization will need to dismiss employees after a merger or acquisition, you should consider partnering with an outplacement provider. Outplacement is the strategy of choice for leading companies worldwide when workforce reductions take place.
Download Should You Offer Severance and Outplacement? Outplacement services to help the employee secure a new role that is a better fit for their skills and working style. To learn more about the outplacement process, read our guide here. Consider offering a severance package with outplacement services.
While it can be valuable to offer additional benefits like outplacement support in a severance package, its important not to exaggerate those severance package benefits for the purpose of obtaining a signed age discrimination waiver. This includes any benefits included in the severance package.
Provide severance packages, outplacement services, and job transition support. In this meeting, you will go over severance benefits, how they will be paid their last paycheck, how outplacement services will work, and any other relevant details while also fielding any questions the employee may have. Contact us today to learn more.
Pair Severance Agreements with Outplacement Support To further support laid-off employees, consider bundling your severance agreements for part-time workers with outplacement services. These outplacement services: Help employees find new jobs faster. Include personalized career coaching and resume support.
Provide support during transitions: If retrenchment or restructuring is necessary, provide outplacement services, counseling, and clear communication to support affected employees. Offer long-term contracts: Offer long-term contracts or clearly defined employment terms to provide greater stability.
Primary HR capabilities: Outplacement, retention of critical talent, and knowledge transfer. 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.
Since 2002, DMA Group’s outplacement, career transition and retrenchment support specialists have delivered tailormade programs in group and individual format, in person and online, to participants from a broad range of functions, sectors and locations, in South Africa and abroad.
By Karl Ahlrichs A few decades back, I worked in outplacement and was involved in thousands of terminations. This experience led me to question why certain individuals had been hired in the first place. My passion for effective recruiting is based on this history.
Redundancy payouts and outplacement services will not suffice. And in a labour market where AI does the heavy lifting, the human advantage will lie in creativity, communication, and complex problem-solving. Moreover, if the recessionary scenario plays out, companies may be forced to rethink how they support displaced workers.
Clearly developed outplacement services and expert guidance allow organizations to handle their offboarding processes smoothlywhether its a voluntary departure, layoffs, or restructuring. Comprehensive outplacement support involves several steps, which may differ depending on the reason for leaving and the individuals future goals.
Download Inside your severance package, we also recommend that you provide outplacement services. As a refresher, outplacement is a service extended to outgoing staff members that helps them get back to work in a new, meaningful role quicker and with less stress. You can learn all about the outplacement process here.
We strongly recommend pairing severance payments with outplacement services. Our arsenal of resources, templates, guides, and industry-leading outplacement services can help you navigate the delicate process. This, in turn, can make the company more attractive to future hires, who may view it as a stable and supportive employer.
Another way to make transitions easier for employees is by providing outplacement support. Contact our experts to learn more about Careerminds industry-leading outplacement services with our high-tech and high-touch approach to career coaching, resume optimization, digital job-seeking resources, and other features.
We spoke to Mitchell Bloom, an analyst, who suggested a hefty severance, outplacement services, and mental health support. Key takeaways from UPS workforce reductions For HR professionals, the UPS layoffs highlight the clear need for strategic workforce planning. UPS has provided severance, but it isnt enough to bridge the gap, he says.
Retailers are only expected to add 520,000 new jobs this year—down from 564,200 last year at this time, according to research from global outplacement and career transition company Challenger, Gray & Christmas Inc. Even so, that’s still a half-million new faces that need to be onboarded and added to the schedule.
During times like this, developing robust severance and outplacement programs will be essential to maintain the employer’s reputation and support affected employees in any way possible. Subscribe to The HR Digest for the latest updates on the world of employment and how the industry is evolving right now.
Click below to learn more about our industry-leading outplacement and career development services. Feel free to explore and share our resources on outplacement and career coaching , and click below to connect with our experts if you or your HR team would like to learn more. Get your questions answered to see if there’s a fit.
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