Outplacement is a process whereby a company assists an employee who has been terminated in finding a new job. The goal of outplacement is to help the employee transition to a new job with as little stress as possible.
Outplacement services are provided to assist employees who have been laid off or are otherwise being terminated from their jobs. These services can include help with writing resumes, searching for new jobs, preparing for interviews, and providing counseling and support during the transition.
Outplacement services can be provided by the employer as a benefit to employees, or they can be purchased by the employee. Many outplacement firms offer a variety of services and tailor their offerings to the needs of the individual.
While the specifics of outplacement services vary, the goal is always to help the employee transition to a new job as smoothly as possible. The hope is that by providing resources and support, the employee will be able to find a job that is a good fit and will be successful in their new role.
There are a number of reasons why an employer might provide outplacement services. In some cases, it may be required by law. For example, in the United States, the Worker Adjustment and Retraining Notification Act (WARN Act) requires employers to provide certain employees with notice of a mass layoff or plant closing. As part of this notice, employers must provide information about available outplacement services.
In other cases, an employer may provide outplacement services as a way to be supportive of employees during a difficult time. They may also offer these services as a way to limit liability in the event that an employee sues for wrongful termination.