Outplacement Services Becoming A Key Area Of Investment For Businesses

Outplacement Services Becoming A Key Area Of Investment For BusinessesThe global corporate sector has become very dynamic in nature in current times. Industry and market trends vary frequently which results in certain immediate business remodeling in terms of operations and workforce. In certain cases, in order to cut down unwanted costs or to terminate certain business wing, a part of the workforce is laid off to support the company. But it is a very strategic yet difficult decision to take for the management. In certain cases it has been observed that employees who have been associated with the company for a pretty long time has been terminated due to certain business requirement. Outplacement services forms a vital tool for handling such scenarios. It refers to the assistance provided to the terminated employees in terms of career transition by counseling professionals. It has many benefits as mentioned below.

  • From a company perspective, it primarily helps in protecting the brand image in the market. Sudden layoffs send out a negative message in terms of financial health as well as reputation. Outplacement services prevent such notions from spreading.
  • The company which is currently cutting down on workforce due to some reason may need recruitment after some time. Such services help in creating assurance for the new candidates.
  • Some people have the tendency to jump the ship in case of slightest doubts regarding the company’s standpoint. Existing employees can be reassured through this service in order to minimize the panic scenario created due to the layoffs.
  • Lastly, it helps in minimizing the lawsuit from the employee end. It has to be kept in mind that the layoffs in such cases are not due to productivity issues but as a result of business need. Hence, outplacement services help in reducing such situations.

However with all these benefits, there are certain pointers that need to be followed while implementing such service.

  • Initially a thorough strategic research should be done by doing preliminary discussions with a few service providers in order to understand what would best suit the purpose of the company. The planning should be done accordingly.
  • Getting the word out to the employees is the next big step towards the situation. The information structure should include the layoff message along with the service introduction and its possible benefits.
  • The duration and the communication channel should be planned beforehand regarding the sessions and the services to be provided by the third party.
  • The information regarding the firm which will provide the service to the employee should be communicated clearly along with the date on which they can interact with the firm.

Mass layoffs due to business needs are one of the toughest scenarios to handle. It becomes more complicated with people who have been associated with the company for a long time and have grown a sense of brand loyalty. With outplacement services, this scenario can be effectively handled while securing the brand image in the long run.

Advertisements

Six Ways To Be A Good Leader

Six Ways To Be A Good Leader

Recruitment and Selection is an essential part of every organization. Every organization has certain rules and regulations related to hiring. One must select the employees carefully because it is the employees who add to the profit earning motive of the company.Another very important aspect about an organization is the employees must be under a good leader and only then they will be able to perform properly.

You can have a look at the following points to get a brief idea about the ways one can be a good leader.

  • Acceptance of limitations- It is not possible for a person to know everything and there might be things that a leader might not know. It is always good to be humble and modest. One should always accept the fact honestly that one doesn’t know something for it is not possible for a person to know everything. While working the leader must be open to suggestions from his subordinates. This will not only make him a good leader but also good co workers. In this way he will also be able to gain the trust of his team.
  • Open to learning- The leader must be open to learning new things. Humility always makes a person a good leader. He must have a willingness to learn from his employees and peers.
  • Communication- Effective communication is also very important to maintain transparency and accountability among the employees. A good leader communicates clearly with his subordinates and makes them aware of the various laws, needs and targets set by the company from time to time. On the other hand, they report to employers about the performances of the employees and their achievements from time to time. Good communication skills make a leader approachable among the employees.
  • Teamwork is very important- One of the best ways to be a good leader is teamwork. It is very important to closely communicate and work with the team to ensure the targets are achieved on time. Having good team helps one achieve the goals set by the company faster.
  • Value criticism- To grow as a leader one needs to value criticism. It will make you aware on how you can improve yourself as a leader.
  • Be a good observer- Another very important thing that you have to have to be a good leader is you need to be a good observer. You need to see and listen to things carefully within your organization. This will not only give you a better insight about the employees but will also help you understand if the organization is functioning properly or not.

Now that you know about the ways you can become a good leader, try and improve on your skills in order to motivate the employees.