5 minutes with: Vicky Wallis, CHRO at Santander

Vicky Wallis, Chief Human Resources Officer at Santander, speaks to HR Grapevine about the benefits of offering outplacement support and the impact that the changing jobs market has on the demand for outplacement services...

What are the benefits of offering outplacement over cash alternatives?

Santander UK’s preference is to provide outplacement for colleagues regardless of seniority or function. We believe that the value of a good outplacement programme is always higher than the cash equivalent, both for the departing employee and their employer.

From our magazine

Cover Feature | #Workwithme

A cash lump sum can have instant appeal, but an employee may still then be without employment and with fewer support tools to help them transition. Research suggests that employees using outplacement programmes find new jobs on average 65% faster than if they search on their own. Without focused support our colleagues are likely to be out of work for longer.