Our Outplacement Services Reduce Risk and Prevent Unnecessary Costs
You dedicate resources to recruiting, onboarding, and retention but committing sufficient resources to off-boarding is equally important. Learn how our bespoke outplacement services can mitigate risk and reduce costs for your organization.
“We like to give our employees the Red Carpet treatment on their way into our company AND on the way out of our company” — James, VP HR - Financial Services Firm
why pursue outplacement services?
It’s natural to delay the inevitable, especially when it comes to letting a staffer go. But this does not have to be a dreaded process. We take into account the economical, educational, and emotional aspects of severance and cultivate a tailored plan to help you leave your employees off on the right track.
Law Firms
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Offering outplacement services to your outbound employees positions law firms as compassionate, thoughtful, and supportive employers.
A solid reputation is coveted in the legal world, as it largely determines the amount of new talent, clients, and business partners a firm attracts.
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While outplacement services are an investment, they can reduce the likelihood of future costs caused by growing turnover rates, litigation risks, unemployment claims, and reputation damage, ensuring that transitions are handled professionally and respectfully.
“On average, it costs employers around $75,000 to work with an employment lawyer to settle a claim before it reaches trial” (Novian & Novian)
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Outplacement services assist employees in reskilling and transitioning to new roles within or outside the legal sector where their talents are needed.
Offering transitional support demonstrates a firm’s commitment to its employees’ professional and emotional well-being.
Remaining employees are likely to feel more secure and valued, knowing that the firm supports its workforce.
Increased demand for talent after 2020 caused many law firms to embrace aggressive hiring cycles. As the market restabilizes, these firms now face the issue of having to layoff a number of these employees to maintain equilibrium.
The increasing integration of AI software is transforming legal work, causing many firms to stock up on data scientists and machine learning engineers and let go of support staff whose roles are less necessary.
Providing outplacement services demonstrates that, even in challenging times, the holistic well-being of employees remains a top priority for law firms. Outplacement can also help protect the reputation of these firms that overlooked a long-term sustainability strategy in favor of meeting urgent market demands in 2020.
Corporations & Nonprofits
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Offering outplacement services enhances a company’s brand presence by positioning that company as proactive, personally involved, and cognizant of the needs of its employees
Maintaining positive relationships with outgoing employees is especially crucial today due to the ubiquity and authority of online review channels
“91% of candidates seek out at least one online or offline resource to evaluate an employer’s brand before applying for a job” (CareerArc)
“A strong employer brand can reduce the cost per hire by as much as 50%” (Glassdoor)
“Employees who were given outplacement or career assistance following a layoff were 38% less likely to harbor a negative perception of their former employer” (CareerArc)
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Providing professional outplacement services can reduce the risk of litigations from disgruntled former employees.
Outplacement services ensure that transitions are handled professionally, with personalized career assistance offered to all outbound employees, which helps to speed the reemployment process and reduce the chances of unemployment claims.
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Supporting severed employees during their transition demonstrates a commitment to their well-being.
Remaining employees are likely to feel more secure and valued, knowing that the organization supports its workforce even during tough times.
“54 percent of those who have been let go at least once in their career reported that the layoff or termination had negatively impacted their perception of their previous employer” (HRDive)