Termination involves the ending of employment in an organization. There are two types of termination:
- Voluntary Termination
- Involuntary Termination
Termination gives rise to outplacement and career transition services. The companies largely depend on HR Consulting firmsfor the outplacement services. The HR Firms work accordingly with the employee and the employer separating and fulfilling the needs of both the parties.
Following are a list of procedures followed by the HR firms to do the outplacement jobs:
· Pre-termination phase (involving a detailed planning of employee termination and outplacement with the organization).
· Termination phase (including the actual declaration of termination to the employee).
· Post-termination phase (it involves all activities essential for an organization to retain the trust of the retained employees. In such cases, the HR firms try to eradicate the anxiety from the minds of the employees by properly training them).
- Career evaluation
- Planning the career continuation and development process
- Career guidance
- Resume writing
- Interview preparation
- Network development
- Job search and research
- Job market analysis
- Administrative assistance - preparation of concerned documents and letters, etc.
- Handling exit meeting
- Skill development programs
- Workshops to deal with the period of transition
- Checking legal compliances
- Preparing severance packages
HR plays an important role in the selection of employees. Each employee has to be checked whether they match with the specific job criteria employers are looking for.
There are certain advantages of outplacement:
- Avoid the risk of litigation.
- Maintain a positive public image.
- Improve morale and productivity.
- Helping displaced workers to find new jobs quickly and easily.
According to the Wall StreetJournal; ‘in 2009, "More than two-thirds of 265 U.S. employers with layoffs during the past two years offered outplacement, at an average cost of $3,589 an employee, according to a June survey for The Wall Street Journal by the American Management Association and Institute for Corporate Productivity."
Thus, Outplacement and HR are both interlinked terms. The HR Firms plays an important role in managing this service making it smooth, quick and easy. This in turn also improves the reputation of an organization.
article source: http://hr-resources.blogspot.in/2015/02/how-outplacement-can-be-advantageous.html