Displaced employees need some kind of a support to further their career and counseling, to appease their bitter feelings associated with the loss of a job. Outplacement service or career transition servicesas it is alternatively calledpromises to do just that.
Imagine
the trauma associated with a pink slip. One moment your
career is secure, your dream job is paying you good and
the very next moment you are handed over this colored
piece of paper that says your services are no longer
required by your (no longer yours) company. Outplacement
services or career transition services, can take out the
trauma out of a retrenchment exercise. These services
help a retrenched employee to cope up with the situation
and look for further employment. The service consists of
constructive counseling, orientation and getting the
displaced employee a suitable job through a variety of
service options like self-assessment help, job search
organizer, résumé bank, one-to-one coaching and
package negotiation.
Outplacementas
a concept originated in America during the 1980s, when
the whole US industry was undergoing a dramatic churn
due largely to Japanese invasion. Cheap Japanese
products were flooding the US markets and competition
was towering and beleaguered American companies, in a
desperate effort to keep costs down went in for
downsizing, rightsizing or retrenchment. By whatever
name they did it, they all were kicking their employees
out en masse. Since then, the market for such
services has grown rapidly and today it is estimated to
be around $3 bn. |
