Thinking of implementing an outplacement service within your organization but don’t know where to start? Searching for alternative outplacement providers with better costs and benefits? Or, you are an employee worried about being laid off and don’t know what support is available? Then keep reading…... read more
The start-up scenario in India has taken an ugly turn. As majority of the startups in India find it increasingly difficult to raise funds, they resort to downsizing their workforce. As a result, the soon to be ex-employees are left agonized. Organizations are clearly neither being mindful of the damage they are causing to the employees they plan to cut loose nor about their brand image. “Many companies have made it a part of their organizational process, but it is done at a small scale."Chaitali Mukherjee, Managing Principal - Leadership & Talent Consulting at Korn Ferry.... read more
Outplacement services are becoming more popular for companies to utilize with the ease of assistance they offer with employees that have been laid off. It is always unfortunate when employees are laid off from a company, which is why more and more companies are providing Outplacement services as a package provided to help them find new job placements quickly.... read more
As a part of the normal ups and downs of any business, most companies have to undertake layoffs or business restructuring at some point, and have to let go of some promising employees. While you may not be planning to let your key employees depart, you still need to prepare for the possibility of a strategic plan that includes taking care of those employees you must let go.... read more
HYDERABAD: Workforce restructuring is the new buzzword in the IT sector and an increasing number of software and allied professionals are being fired by companies across the board. However, the kind of support that retrenched employees got during the economic meltdown of 2008 & 09 —like outplacement opportunities and assistive support —is not being made available today.... read more
CHENNAI: A large bank wanted to trim its headcount to optimise costs. In an earlier instance, it involved the HR and finance teams. This time, the bank brought in outplacement service providers who helped the company achieve cost savings - without laying off any staff, and redeploying them in relevant roles instead.... read more
