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outplacement

outplacement

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Published by mukeshdixit

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Published by: mukeshdixit on Mar 27, 2010
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11/20/2012

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What Is the Meaning of Outplacement?Outplacement Defined1.Outplacement is a service provided by companies to assist former employees in their search for new jobs. The companies contract with outplacement companies or consultants that work with the individual employees to help them preparerésumés, identifying possible job leads, and similar services. In many cases,the company pays for the services of the outplacement company or consultant. However, individuals may seek the services of a retail outplacement firm, which they would pay for out of their own pockets.Vocational Assessment2.One of the first steps in the outplacement process is determining the job candidate's qualifications for other open positions. That is done through a thorough assessment of the candidate's skills and interests. Standard career-placement tests may be used, as well as one-on-one counseling with one or more outplacement officers.Résumé Preparation3.Helping the candidate prepare to approach a potential new employers is another important function of the outplacement firm. The outplacement firm will typically assist the job seeker in preparing one or more targeted résumés. Outplacement firms may also assist with cover letters and other marketing strategies, such as preparing a profile for career networking platforms such as LinkedIn.Interview Coaching4.Preparing the job candidate for the all-important job interview is a vital role of many outplacement firms. Interview coaching, often involving mock interviews, may be provided to the job candidate. The outplacement officer will observe the job candidate and offer advice on how he or she communicates verbally and nonverbally.Considerations5.The level of outplacement services provided will vary according to the agreement between the company and the outplacement firm. Typically, high-level executives will receive more comprehensive services than mid-level employees. However, displaced employees should not expect an outplacement firm to do all the work of helping them find new jobs.The final benefit: OutplacementBy Joan LloydJoan Lloyd and AssociatesPrinter VersionYou have risen through the ranks of your company to the position of vice president. You've been a good performer. Then the roof caves in. The company is acquired by another firm and a few months later your position is eliminated. You find yourself confused, angry and out of work. This scenario, and others like it, happens every day all over the country. Most people think, "It could never happen tome." But, in the ever-shifting business climate, the fact is that it's a possibility you can't ignore.What are the chances you'll be able to find another job? Obviously, that dependsto a great extent on things like your work experience, your ability to relocateand the contacts you have established.Whatever the situation, jobs at the executive level are scarce and scattered. Employment agencies usually don't handle jobs above the $50,000 range, and it mayhave been a long time since you have had to look for a job on your own.This situation has spawned a relatively new corporate benefit called outplacement, a concept only about 15 years old and still maturing. Basically, an outplacement firm is hired by the company that fires you, for the purpose of helping youto find another job.Various reasonsBut what does your former company gain? One of the most obvious reasons for offering outplacement is to build a reputation as a caring company. Other reasons aren't as noble. Charges of discrimination and other lawsuits initiated by formercompany executives can be embarrassing and expensive."If they're talking to an outplacement counselor, they're probably not talking t

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