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.

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GenX Focuses On Achieving Their Work Goals.

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The ability to make a difference in the workforce is one of the major goals which the new Gen X seeks in achieving. Apart from aspiring for “job stability” & “development opportunities” the GenX are motivated to achieve the targets and goals which are given to them. Research studies by many global placements agencies suggest that the GenX are focused on their work and cut down on their leisure time to improve their productivity time.

India has the highest number of young workers in a company. Fresh and new talent is constantly coming up and the advantage the company with new innovative ideas and energetic mindset. Young people are not only enthusiastic but are also more dedicated to achieving their targets in time because they want fast success and salary growth. The young generation is not only optimists and passionate about their work but they are also flexible and versatile in nature. The young generation tries to excel in their job profile and they also know how to do a work efficiently in that too fast.

You can have a look at the following points to get an idea about the advantages of recruiting GenX employees.

Increased Productivity- One of the main advantages of having new generation employees at workplace is they are efficient and they know how to do the work in lesser time. They are extremely goal oriented so they work hard to achieve their goals. This not only increases their productivity level but also proves to be beneficial for the company.

Fresh Ideas- The new generation has many creative and fresh ideas. They think out of the box and this will keep you ahead of your competitors and add to the profit-earning motive of your company.

Flexible- Another very important benefit of having new generation employees at workplace is they are very flexible in nature. They willingly work at flexible work timings and they also adapt to changes very fast. Their optimistic and energetic nature also makes them fast learners.

Focused- The young generation these days wants to be successful at a very young age. They work hard and stay extremely focused. This helps your company reach the targets in time. Their focused nature will also help your company come out of a crisis situation fast.

Positive Image of the Company- Employees are the most important part of an organization. They represent the company. Having young and dynamic employees will help you build a positive reputation for your company in the market.

Now that you have an idea about the various advantages of hiring GenX employees, the next time you hire make sure you give a chance to the new and fresh talent.

Benefits of Hiring an Executive Search Firm

Benefits of Hiring an Executive Search Firm

Executive search can be defined as the as a special recruitment service that organizations pay to seek out highly qualified and talented employees. Employees are the most important part of an organization as they are the ones who add to the profit-earning motive of the company. Recruitment has become a tedious task these days. It involves shortlisting and interviewing candidates. Executive search firms have made the hiring procedure easier for the companies. They understand the needs and requirements of the companies and shortlist candidates on the basis of their educational qualifications. Then they conduct thorough interviews and only after interviewing the candidate, they send the shortlisted ones for the further round of tests.

You can have a look at the following points to get a brief idea about the various benefits of hiring an executive search firm.

  • Handles Crisis Situations Better- One of the major advantage of hiring such firms is it helps the organization deal with a crisis situation efficiently. The strength and ability of an organization is evaluated in the way it deals with crisis situations. Such firms help the companies to hire able employees who are not only hard working but they also deal with a crisis situation promptly and efficiently. This helps maintain stability in the organization.
  • Increased Efficiency- Another benefit of opting for such firms is it increases the efficiency of the employees. The firms shortlist candidates after evaluating the job profile thoroughly. A good executive team also allows sharing of responsibilities among the members. Sharing of responsibilities prevents from overburdening an individual since work is divided equally among all team members. When a company hires efficient and qualified employees the work is done in much lesser time.
  • Adds to the company’s progress- One of the major aims of a company is to earn profit. When the company hires employees who are efficient, the targets are reached in time. The employees represent an organization and therefore they must be hired after understanding the requirements of the job profile in details. This will add to the company’s progress.
  • Positive Market Reputation- Hiring efficient employees will make your organization more trustworthy among your clients and investors. A company that hires efficient well-qualified employees also has a positive market reputation. The employees help in building a positive brand image of the company in the market.

There are many executive search firms but it is very important for you to hire a firm that is reputed and experienced.

Benefits of Work from Home

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Recognizing that finding the “right talent” is a tough job many organizations are looking for Alternative Staffing Solutions. “Part-time” “Work from Home” “Advisory” Job options are highly preferred as they involve less financial risk and minimum expectations.

In this modern era, a virtual working process has become significantly important for both the employers and the employees. Work from home is another significant change that allows members of an organization to complete their task by sitting at home. More and more companies in recent times have adopted the virtual working process which not only helps them to coordinate with other team members who stay far away but also saves their time and energy. Meetings, business conferences and client calls happen over skype, webex these days. This helps the companies to overcome the barrier of time zones and distance and also allows the team to work as a whole. Digital work is also greener as it requires no paper that is all communications happen online and no transportation is needed.

There is various benefits work from home and part-time jobs. Have a look at the following points to get an idea about the various benefits of work from home facilities.

  • More Productivity-One of the most important advantages of work from home is it increases the efficiency of the employees. Due to fewer interruptions, employees who work from home tend to be more efficient. The flexibility of work timings also allows the employees to be more productive.
  • The better work-life balance-Another major advantage of work from home it provides the employees with a better work-life balance which motivates the employees to work harder. Work from home facilities allows the employees to work and also spend sufficient time with his family.
  • It minimizes the hiring cost-Another very vital benefit of work from home is it minimizes the hiring costs and procedures. The hiring costs involved in work from home facilities are much lesser than the cost of hiring employees who will work from office.
  • It saves time-Another primary advantage of work from home is it saves time and energy of both the employees and the employers. Candidates upload their resumes on the online job portal sites and the employers contact the candidates by shortlisting their resumes. This not only saves them the unnecessary time they have to spend in interviewing all the candidates who come for the interview, even if they are not fit for the job. Shortlisting the candidates on the basis of resumes allow the organization to interview only those candidates they consider apt for the job profile. Taking interviews online saves time and energy of both the employees and employers. When an employee is working from home, he is also saving the time required to reach office from home. In this way, a lot of his energy is also saved.

Now that you are clear about the various benefits of work from home for both the employees and the employers, hire efficient employees who will readily work from home and add to your companies profit-earning motives.

Disadvantages of E-Commerce Industries

https://cogdigital.com.au/wp-content/uploads/2015/07/COG-digital-website-ecommerce.jpgE-Commerce is the next big thing in the market and has been growing rapidly for the past few years. The digital era has made it possible for the companies to reach a huge amount of audiences in less time and in a budget-friendly manner. There are many reasons behind the popularity of e-commerce industries. There are many reasons for the growing benefits of e-commerce industries these days.Firstly, the growing reach of the internet makes it so popular among the audiences. Secondly, it reduces destination barriers and makes it easier to shop without going to the shop. It also allows the customers a wide range of options to choose from. The customers can read the online reviews of the product compare the prices by sitting at home and then decide which product suits his demands and budget the most.

Recent news on major e-commerce ventures not fulfilling their commitment to hiring A-school brigade has created a stir in the market. The lack of fulfilling the commitment raises concern over the executive recruitment process that the sector is following. The prime reason being sited is the lack of investors or the internal restructuring that most of these companies are following. There are various disadvantages of the e-commerce sector that has led to its unpredictability. The disadvantages of the e-commerce sector are as follows;

  • Initial Cost- The initial cost of building an e-commerce application might be very high. There could also be delays in launching e-commerce applications due to lack of experience and inefficiency.
  • E-Commerce delays goods- E-commerce takes a lot of time to deliver goods. Therefore, if you want to buy something that you need immediately it is always advisable not to opt for e-commerce services.
  • Customers cannot try the product before buying- One of the major problem of the e-commerce industry is the customers cannot try the product or test the product before buying it.
  • Customers become impatient at times- If you are buying a product from a shop and you have an inquiry about the product then you can ask the salesperson in the shop for assistance. They will answer all your queries instantly and efficiently and they will also suggest you the right kind of product that will suit both your budget and needs.

These are the various problems that the e-commerce industries continue to face and therefore are facing a lot of challenges and unpredictability among its customers and in the market.

A Fundamental Activity For Organizational Growth

A Fundamental Activity For Organizational GrowthA successful leadership is what drives a business in to its path of success. A strong leader is required at the management level of very business in order to align the productivity in terms of client delivery, bringing in new opportunities, foreseeing the potential market and industry threats and guiding the organization in times of crisis. But hiring the management people does not end the process. Preparing the next line of individuals or the similar positions is also very important for companies. That is the reason when outplacement service agencies are now providing middle management hiring services also. Middle management hiring refers to the recruitment of candidates who have the ability to develop themselves as leaders and take up various managerial positions within an organization. There are certain strategies which have been adopted by companies in recent times towards leadership development.

  • The companies are now focusing on leadership skill development from day one. Candidates are hired under middle management quota for imparting training right from the start of work. This step allows analyzing the growth potential of the individual as well as provides ample time for leadership quality development.
  • It is an established fact that not every individual needs to go through the similar knowledge processes for being potential leaders. Some of them have inbuilt abilities for understanding the market trends and future shocks. Hence, there should be platforms to analyze such abilities and encourage individuals along the knowledge sessions that will enhance the abilities of the same.
  • The attitude towards the employment and job role is crucial for any recruitment. When an organization goes for hiring a potential leader, the professionalism and attitude is of key importance. The competency training can be done on the job.
  • Mediocrity is one of major threats to leadership positions. In many cases, the next in line scenario come in to play while setting up the management. The professional abilities and organizational priorities should be the primary deciding factors in this case.
  • Just because a person is a good manager does not essentially establish the fact that he or she can be a good leader. It is essential to remember that team management is way different from company management. It involves understanding and formulating strategies according to market and industry scenarios.
  • Lastly, leaders are not born, they are made. This means that an individual should be supported and mentored properly for the future management responsibilities. Even after they acquire the position, constant support is crucial for the success.

Hence these are the modern leadership development strategies implemented by businesses to create future leaders.

5 Ways To Manage Your Career

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Career management is an important task if you really want to grow high and ride the success horse. Career management helps you learn new skills, objectives, and capabilities. Hence, the employees want proper placement in a good position. It will help them to manage their career properly so that there is nothing to worry and this will actually give a great presence of an employee in the office. He or she becomes confident in the work life.  Global placements help the candidates to maintain a proper career management so that in the near future, they can become confident and smart to take up any challenges.

You can collaborate with your boss to make the best career management.

  1. Learn about different jobs
  2. Explore and broaden your experience
  3. Attend training sessions to improve your knowledge
  4. Read more books and gather knowledge from books
  5. Take help from a mentor of a different department which you want to explore

Follow the five tips of career development:

  1. If you want a growth of your career, then you should know which path to follow and exactly what you want from your career. Then only, you can properly manage your career and move towards the career development.
  2. Set a timeline with your career goals and you will definitely push yourself to achieve that timeline to make a good career move. It will keep you spontaneous and you will fee energize towards a perfect career growth.
  3. Some companies arrange various training sessions at a workplace. You can join these sessions and it will help you in career growth and career management. Hence, it is really effective in the management of the career. Personally, you can witness maximum growth in your business.
  4. Discuss with a boss- You should discuss your career goal with your boss so that you can drive your career towards the right direction. It will help you in the positive growth and make you smart and proactive in every circumstance.
  5. Write your day to day activities either on paper or maintain an excel sheet. It is very important because it will help you in the career management. In a way, it will improve your writing skills and you can keep an eye on your own work format and make changes accordingly.

These above five tips are really helpful for an employee to make a career management and lead to the success of their career. A successful career never happens overnight. You need to invest your hard work, time and patience to reach towards the desired goal.