Redundancies are unpleasant for everyone involved. Losing a job can be an emotional and stressful experience for employees, and it can also have a negative impact on the morale and productivity of the remaining members of the team. However, as a compassionate and responsible organisation, there are steps you can take to mitigate the impact of these challenges. One of the ways you can show your support for your employees is by providing outplacement support. In this blog, we’ll discuss the reasons why providing outplacement support is beneficial for your employees and your organisation.
- Supports Employee Transitioning
Outplacement support helps your employees transition smoothly into their next job. It gives them access to career coaching and development, particularly if they’ve been in the same job or industry for a long time. Many employees find it challenging to know what steps to take after a redundancy. Receiving advice and guidance from professionals who are experienced in helping workers transition can give them the necessary direction and motivation they need.
- Reduces Negative Impact on Employee Morale
The loss of employment has a serious effect on the morale of employees. However, offering career transition and outplacement can alleviate this concern significantly. It indicates that you still care about their career and future, which can help boost their morale and sense of security. This can go a long way in reducing negative emotions, such as anger, sadness, and disappointment.
- Protects Your Employer Brand
Protecting your employer brand during redundancies is important. Disgruntled employees can spread negative feedback about their employment, which can damage your reputation. On the other hand, providing Outplacement support can maintain good relationships and help boost the company’s reputation. It demonstrates to both current and future employees that your organisation supports its staff and takes those extra steps to assist them with career-development objectives.
- Increases Employee Loyalty
Offering outplacement demonstrates you are committed to your employees’ careers and that it’s not just solely about the company’s bottom line. In a way, it’s about showing you appreciate their work and contributions to the overall work environment. Employees will appreciate this effort, leading to stronger relationships and increased loyalty because they sense their welfare and needs have been taken into consideration.
- Improves Bottom Line (ROI)
Career Transition and Outplacement support is ultimately about helping your employees, but it also has a positive effect on your organisation. By reducing the negative impact on morale, protecting your employer brand, and increasing your employees’ loyalty, these moves ultimately lead to increased productivity. Staff who are happy and secure in their positions show higher engagement and fewer absenteeism rates (which can have financial significance), thus enhancing your company’s overall bottom line.
Conclusion:
Providing career transition and outplacement support isn’t just a way of being a moral and compassionate employer; it’s also a sound business practice that is beneficial to both your employees as well as your corporate brand. A supportive and communicative environment ensure that employees feel valued and decreases the potential for negative feedback. Providing outplacement support to employees is an emblem that you value their livelihood and want to sustain their future career opportunities. By showing support to exiting employees, you will strengthen your company and reduce the negative impacts of redundancy. If you’ve not offered outplacement support already, it’s wise to explore it as a vital piece of your organisational HR policies.
Get in touch with INTOO today to see how we can support you with our unique outplacement and career transition services.