Outplacement

Posted in Human Resource Terms, Total Reads: 1484
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Definition: Outplacement

Outplacement is a process of facilitating a terminated employee's search for a new job by providing professional services, counselling, paid for by the former employer. It is done generally done by a downsizing company which pays for the services of a third-party company to assist their laid-off employee to seek new employment.

The assistance provided maybe in the form of resume writing, salary negotiation advice, resume distribution to employment agencies and head hunters, cover letter writing and career counselling.

Some of the examples of the companies that help in outplacement are:

  1. CareerNet consulting.
  2. HiRePro ABSOLUTE RECRUITMENT.

Some of the examples of the companies that have used outplacement in India are:

  1. Motorola Inc.
  2. Sapient Corp.
  3. Aylus Networks India Pvt. Ltd.

 

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