Outplacement is becoming more and more popular in the workforce nowadays as big companies and tech companies are starting to employ it. Outplacement services are simply when a company hires an outside service to help employees leaving their company with the transition to another career. These are usually implemented to help keep a companies reputation positive by former workers so that they don’t leave negative reviews on websites like Glassdoor. These services are usually apparent in bigger companies as they have the budget to afford them.
Key Takeaways:
- Outplacement happens when companies hiring an outside provider to help employees transition within their career.
- Companies offer these services to improve negative reviews on websites such as Glassdoor and to keep them feeling positive about the company after they leave.
- Outplacement is most common in large companies and tech companies as they usually have a big enough budget for it.
“Outplacement can soften the blow of a job loss by helping the employee find a new opportunity — sometimes one that even offers higher pay and a better fit.”