With today's economy, more and more companies are finding themselves faced with
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. For
majority of outplaced employees, if your budget permits, individual outplacement is
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 for
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 with
type of displaced employees you will be sending them. A related factor is whether it is important to you that
outplacement company specializes in dealing with companies like yours.
If their areas of specialty are important to you, review
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 be
best fit for you.
3. Experience with Current Job Search Practices.
How important is it to you that
outplacement firm be experienced with Internet job search techniques? Is it likely that
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 whether
outplacement firm recognizes
importance of
Internet by having a web site. Are they aware of
top online career sites? Do they offer a service to post displaced employees resumes on these top online career sites? Do they have
ability to distribution resumes electronically to a select group of employers and recruiters? 4. Length of Time Support is Provided.