5 Key Factors to Consider When Selecting an Outplacement Firm

Written by Ann Hackett


With today's economy, more and more companies are finding themselves faced withrepparttar situation of having to reduce headcount to remain competitive. Here are five key factors to consider when selecting an outplacement firm if your company is ever faced with a workforce reduction.

1. Types of Services Provided.

One decision you will need to make regarding outplacement is whether your displaced workers would benefit most from group or individual one-on-one outplacement. Forrepparttar 106893 majority of outplaced employees, if your budget permits, individual outplacement isrepparttar 106894 preferred option since it provides one-on-one support that will help them move forward more quickly than they would on their own.

If you decide they would benefit most from individual outplacement, you will then need to determine what services would be most valuable to your displaced employees. One option would be to select an outplacement firm that develops their resume and cover letter for them. Another option would be an outplacement firm that offers office space and a computer forrepparttar 106895 displaced worker to prepare their own job search materials. 2. Areas of Specialty.

Another factor to consider when selecting an outplacement firm is whether it is important to you that they have experience working withrepparttar 106896 type of displaced employees you will be sending them. A related factor is whether it is important to you thatrepparttar 106897 outplacement company specializes in dealing with companies like yours.

If their areas of specialty are important to you, reviewrepparttar 106898 outplacement company's web site and other marketing materials to see what their specialty is or ask them directly. If an outplacement firm's expertise lies in serving large companies displacing administrative staff and your small business is displacing experienced managers, this outplacement firm may not berepparttar 106899 best fit for you.

3. Experience with Current Job Search Practices.

How important is it to you thatrepparttar 106900 outplacement firm be experienced with Internet job search techniques? Is it likely thatrepparttar 106901 Internet will play a key role in your displaced employees' job search strategy?

If you determine that Internet savvy is an important evaluation point for an outplacement firm, check to see whetherrepparttar 106902 outplacement firm recognizesrepparttar 106903 importance ofrepparttar 106904 Internet by having a web site. Are they aware ofrepparttar 106905 top online career sites? Do they offer a service to post displaced employees resumes on these top online career sites? Do they haverepparttar 106906 ability to distribution resumes electronically to a select group of employers and recruiters? 4. Length of Time Support is Provided.

CAN "QUITTERS" WIN?

Written by /"Wild Bill/"


This article discusses a topic that every business owner hopes to never consider, but many have been or will be faced with inrepparttar future.

FALURE! Nobody wants to think aboutrepparttar 106892 unthinkable. However, if many failed business owners would have given this subject more thought and research, it may have saved them thousands, tens of thousands, even hundreds of thousands of dollars.

Running a business is quite like growing vegetables. You must know when to plant, when to water, when to pick and when, if needed, to "burn it all down and start anew". A failed attempt at anything is not a pleasant thought. For many an entrepreneur there will come a time when you simply need to stop, recap your mistakes, refocus your energies, call it quits and if you still haverepparttar 106893 heart for it, start over. Starting over may mean rebuilding your present business or closing those doors for good.

This doesn't mean you should give up atrepparttar 106894 drop of a dime. This article is for those of you who have done everything you can and it just isn't enough. It's time for you to take a good, hard look at your business. Take an inventory of your past efforts and accomplishments.

Here arerepparttar 106895 top "signs" to look for:

* Are you spending more than you are taking in? * Have you drained savings to stay afloat? * Are you up to your neck in debt already? * Surviving with Credit Cards? * Losing money and considering a loan to bail you out? * Running out of friends and favors to call on? * Productivity dropping? * Find yourself disinterested in your business? * Anxiety attacks worrying about your business? * Suffering family life? * Loss of Confidence?

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