Why is outplacement important?
As you research outplacement, you’ll want to understand “Why is outplacement important?” and “How can outplacement benefit my organization?” While a reduction in force is sometimes a necessary part of running your business, it can open you up to reputational and financial risk. Investing in outplacement is a smart way to protect your brand while helping your employees navigate one of life’s most stressful situations.
66% of people choose to share their poor layoff experiences with others and on social media. 64% of consumers have stopped purchasing a brand’s products after hearing news of that company’s poor employee treatment. Prevent your story from being a negative one.
Source: CareerArc/INTOO Employer Branding Study
When a company has a poor reputation, per-hire costs are $4,723 higher. A poor reputation also damages relationships with exiting employees—limiting your ability to attract valuable boomerang talent.
Source: Harvard Business Review
A majority of Americans (85%) think most companies don’t provide enough help to employees when laying them off, and more than 4 in 5 Americans think outplacement should be offered to every employee who is laid off by their employer. Don’t miss an opportunity to foster loyalty and productivity among remaining employees during a reduction in force by doing the right thing.
Source: The Harris Poll online survey conducted on behalf of INTOO from March 2-4, 2020 among 2,011 U.S. adults ages 18+
Why is outplacement important? Candidates land jobs faster
Job seekers who participate in INTOO’s outplacement program land jobs nearly 2.5x faster than the national average. Candidates transition back into the workforce in an average of 10 weeks, compared to the national 22-week average unemployment time.*
* Source: U.S. Bureau of Labor Statistics, January 2020.