Laying off employees is something many CEOs are all too familiar with. Because certain employees are underperforming and the company is facing budget constraints, you might have to cut your losses and lay off some employees. However, reducing a staff has never been simple. As they prepare to confront this new shift, both outgoing employees and supervisors are certain to experience emotional turbulence. The employer can hire a top career transition coaches in Canada to help with this procedure.
What is outplacement coaching?
Outplacement is a service offered by responsible organizations to assist displaced workers in transitioning to new occupations and re-orienting in the labour market. The top career transition firm in Canada often give terminated workers with up-to-date outplacement training, as well as top-tier job search counselling and career coaching, to guarantee that they are placed in their ideal employment in the shortest time feasible.
What are the benefits?
Better retention and productivity
If handled correctly, the entire laying off process can increase the surviving employees' commitment and motivation. Offering outplacement services to laid-off employees is one approach to demonstrate to existing employees that they are appreciated and that their employers are "conscientious," which may improve their morale, dedication, retention, and productivity.
Risk of legal action is reduced
Using outplacement services can assist a company in taking the proper steps when letting some employees go. Offering an outplacement benefits package as part of a severance agreement can help laid-off employees feel less anxious, retain strong workplace relationships, and lessen the possibility of wrongful termination litigation.
Protects your business brand
Executive outplacement firms help your company build a positive reputation, demonstrate corporate responsibility to current and former employees. It is an opportunity to provide services that outplaced employees need like a transfer option, connections to network for potential jobs and job boars.
Negotiable severance benefit
Most companies now employ outplacement as a 'bargaining chip' when negotiating individual remuneration. When opposed to alternative severance options, which are typically expensive, outplacement packages provide actual unemployment compensation to dismissed employees.
Reinforcing values company
Employees are increasingly valuing the culture, values, and ethics of the companies for which they work. It is vital to demonstrate that an organisation 'walks the walk' and truly lives the ideals it espouses during a time of redundancy.
Outplacement services are important for employees
When outplacement packages are at the heart of a company's benefits, it creates an appealing, employee-centric culture that makes employees feel safe, motivated, and committed. Outplacement coaching in Canada can help laid off employees to return to work sooner. A normal employee can take over a year to locate new work without such career transition services, but with outplacement services, they can discover new job vacancies in much less time.