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Cash is King…except when it comes to outplacement. Perhaps you’re thinking that it’s not surprising that a company selling outplacement programmes would say this, but it’s because we support thousands of people with outplacement that we know the cash equivalent is of limited use. Here’s why:
Impact of outplacement - Whether you’re looking to protect your employer brand, sustain morale for existing and departing employees or just because you think it’s the right thing to do, these benefits are only derived if the impacted employee is given the support, tools and expertise they need to be able to secure their future career.
The importance of speed - People using our programmes find new jobs on average 65% faster than if they searched on their own. Being in limbo for longer increases the chance of them developing and expressing negative feelings about your organisation.
Memory of cash fades as quickly as it’s spent - Employees that have been out of job search mode for a while often struggle to navigate their way through the new world of algorithm-based job boards, applicant tracking systems and immersive assessments and remain unhappily unemployed, long after the cash has gone. Many forget it was their choice not to take up the offer of outplacement support and their anger and frustration towards your company grows and is shared amongst their networks, damaging your brand.
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