According to the Wall Street Journal (WSJ), “More than two-thirds of 265 U.S. employers with layoffs during the past two years offered outplacement…according to a June [2009] survey for The Wall Street Journal by the American Management Association and Institute for Corporate Productivity.”
The WSJ, in the cited article, says that 58.5% of laid-off professionals receive outplacement for 1-3 months.
Another 17.7% receive outplacement for 3-6 months. Executives are likely to receive more services for a longer period of time.
The cost of outplacement ranges from a high of over $10,000 for senior executives to $1,472 for hourly employees. The quantity of services is reflected by the range. A company highlighted in an Inc. article, says that their employer-paid coaching and support last for a year at a cost ranging from $1,000 to $25,000.
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Gateway to the New You
Employers of choice provide outplacement services to assist employees in transitioning to a new job. They are also constantly aware of the impact of their actions—in particular how they treat laid-off employees—on the minds and hearts of their remaining employees.
Pragmatically, employers offer outplacement to protect their reputations as desirable employers, to head off potential lawsuits and, in the instance where a lawsuit is filed, to burnish a positive image, and to minimize their liability for unemployment compensation payments.
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Whether you have one employee or a dozen who may need assistance in moving on, we can help. Set up an appointment, call, send an email – or just fill out the contact request form below. Join the thousands of executives who have relied on us over the decades and found a customized solution to their career challenges.
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- Waffles Pi Natusch
- Vice President Client Services
- Tel: (401) 921-5443 ext 204