5 Key Factors to Consider When Selecting an Outplacement Firm

With today's economy, more and more companies are finding themselves faced with the 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 the majority of outplaced employees, if your budget permits, individual outplacement is the 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 the 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 the type of displaced employees you will be sending them. A related factor is whether it is important to you that the outplacement company specializes in dealing with companies like yours.

If their areas of specialty are important to you, review the 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 the best fit for you.

3. Experience with Current Job Search Practices. How important is it to you that the outplacement firm be experienced with Internet job search techniques? Is it likely that the 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 the outplacement firm recognizes the importance of the Internet by having a web site. Are they aware of the top online career sites? Do they offer a service to post displaced employees resumes on these top online career sites? Do they have the ability to distribution resumes electronically to a select group of employers and recruiters?

4. Length of Time Support is Provided. Another factor to consider when selecting outplacement services is the amount of time you feel the displaced worker would require outplacement support. In general, the more senior-level the position, the longer it will take the displaced employee to find suitable employment.

A second time factor to consider is whether the displaced worker will receive ongoing one-on-one scheduled sessions with a career transition consultant or whether the ongoing support merely includes access to job search support materials.


5. Costs. Outplacement costs must be considered when selecting an outplacement firm. Check to see whether outplacement costs are clearly defined and stated on the outplacement firm's web site and in their marketing materials. Are you charged only if the displaced employee elects to contact the outplacement firm for support or are you charged regardless of whether the displaced employee receives support? Are there affordable packages available that provide the services you feel your displaced employees would most benefit from without providing unwanted services?

Another cost factor to consider is whether the outplacement firm gives you the able to select outplacement services a la carte to meet your needs. Also determine whether the outplacement company has a minimum fee requirement or whether they will charge you only for the number of displaced employees you actually have even if the number is as few as one.

By considering each of these five factors you can develop effective selection criteria for deciding on an outplacement provider to best meet the needs of your displaced employees while adhering to your budget constraints.

Copyright 2001-2004, Quest Career Services, LLC. All rights reserved.

Ann Hackett is the founder and President of Quest Career Services, LLC (http://www.QuestCareer.com). Quest Career Services specializes in providing affordable one-on-one outplacement services to clients nationwide at a price below many group seminar outplacement packages. Ann can be contacted at ahackett@questcareer.com or 952-929-4197.

More Resources

Experience Hear-See-Do
Research indicates that we retain only 10% of what we hear; 20% of what we see; 65% of what we hear and see; but 90% of what we hear, see, and do.Every day at work we demonstrate Hear-See-Do when we use a combination of our knowledge, wisdom and skill to perform a task or plan what we will do at a later date.
Have You Given Up On Yourself?
Have you given up on yourself? Have you decided to take the easy road and coast for the rest of your life? Have you come to the decision that you have done all you could possibly be expected to do in your life now it is someone else's turn? As you get older you may not be able to run as fast, swim as far, hit the ball as hard or even concentrate as long as you used to but is that the reason to give up? Surely your aim should be to be the best you can at whatever age you are."Navratilova wants to be as good a player as she can possibly be at the age of 47, just as she wanted to be the best she could possibly be at 19, at 25, at 35".
Bartending School Online- Earn Your Bartender Training From Home
Many young adults flock to bars, lounges and clubs on a weekly basis. They spend hundreds sometimes thousands of dollars on entertaining themselves and their friends.
Making Yourself More Relevant To The New Workplace
Being a current job seeker can be quite a challenging prospect as there are many changes in the workplace. Life-long employment is no longer the norm and workers must also learn to adapt with the complementary expertise of foreign talents.
Your Cover Letter MUST Ask This Question
Imagine receiving a letter from a salesman who wants to sell you an exciting new widget. The letter focuses on all the reasons why this is such a great item.
Can You Compete?
Are you looking to hire the best talent? Are you thinking about adding a new employee who will significantly impact millions of dollars in YOUR business? Do you want to hire the best? Then you need to show and convince your next hire that you are serious about him joining your team.In March, we received the following candidate's response to two high level interviews.
Get Beyond Your Tasks
Ever hear the story of the two masons working side by side at a building site? They're doing the same work under pretty much the same conditions. Then, one day a stranger comes along, approaches one of the men and asks him, "What are you doing?" "I don't know and I don't care," replies the man, his voice brimming with irritation.
Applying for a Job in China
Working in ChinaWorking in China is very common now. Either you are sent to China by your company or you apply for a job to be stationed in China.
How ToTalk Your Boss Into Giving You A Salary Increase
* If you believe you deserve a salary increase, ask for it as soon as possible; don't procrastinate or wait for your employer to offer it.* Determine what you are worth in the marketplace by carrying out a survey of people in comparable jobs.
The Network Within
When you hear the word "networking", what comes to your mind first?You probably think about going to a job fair or asking all of your friends, family members and acquaintances for jobs.But if you are currently employed, you might very well have easy access to one of the best networks you can have.
Adapting To Change In A Changing World
Have you learnt a new skill or improved upon your existing skill in the last six months to one year?According to the world acclaimed management guru and Writer Professor Peter Drucker - "The only skill that will be important in the 21st century is the skill of learning news skills. Everything else will become obsolete over time.
Top 10 Skills for New World of Work
There are many changes coming in the world of work, such as increased competition, the need for more education and certifications, and the trend to change careers 5-7 times in a lifetime. No matter what job or career path you decide to take, there are some basic skills that all employers look for.
4 Niche Job-Search Tips
Looking for a job on the Internet can be daunting. Where do you start? What Web sites are best for your industry?If you're suffering from "job search overwhelm," take heart.
Aptitude Tests Reveal the Difference Between Your Aptitude & Ability
Aptitude tests measure your skills, abilities, values, interests and personality in order to help you determine which careers you might be best suited for and eliminate those that you are not.Aptitude tests are some of the most important tools to anyone considering a career change.
Students Searching for a Job
Searching for a job has become easier than ever for those who are graduating from school and looking to enter the workforce. Many schools offer guidance services as well as networking opportunities for graduates looking for work after finishing school.
Factual Employment Screening Part 1
We have all heard in recent years that the need for a substantive policy of conducting pre-and post-employment background checks exists in more than just defense contractor and fiduciary-based enterprises. Today, with the overwhelming preponderance of employer liability litigation, and with negligent hiring being the focal point of round-table discussions of some of the plaintiff's firms, the need for thorough background checks has been substantiated.
Getting the Job thats Right for You
I'm the type of person that considers a healthy, enjoyable job alot more valuable than a high paying one. This may be as foreign a concept to some people as our society continues to descend into the depths of materialism.
Career Transitions: Creating Complementary Careers in a Day
Down-sized? Outsourced? Burned-out? Wizened up? That's what I said. Wizened up! Now is not the time to be depressed.
Making The Best Of Yourself At Interview
You are just about to leave university You are just setting out in the job market You have a number of hurdles to get over before you have the job you have been dreaming of. You find the thought of an interview daunting.
Career Success: Don't Be Caught With Your Pants Down
Do you want to know how to jump-start your professional career? Or, are you already in the trenches trying to be a high performer and wanting to make a quantum lead to the next stage of your career? Or, because of downsizings or reorganizations, you feel like you are paddling faster and faster but seem to be getting nowhere? Find out how to monitor your changing environment so you won't be caught with your pants down.Visualize your career environment as one huge jigsaw puzzle.

More Careers & Employment Information:

Related Articles

Find Those People
"The Emperor's New Clothes" was a favorite childhood story of mine. It made me laugh.
18 Career Enhancement Caveats
Core value investing in your careerMany people walk through their lives never, ever being better at something than anyone else. What is it that you know or do better than almost anyone else in the world? What is it that you do uniquely well? Do your core values for yourself and your family fit with what you are doing, where you are putting your energy, what you are developing, and where you are focusing/immersing yourself?In your career, as well as in your life, to achieve full capacity and happiness, all of you must be going in the same direction.
Is a Career Change on Your Horizon?
Making a career change is nothing new in today's job market.I've heard it said that the average American changescareers at least once in his or her life.
Students Discover Your Niche By Using Career Assessment
In our ever changing world where job competition is rampant it can be difficult to understand one's strengths and what one wants to do in life.If you feel uncertain about your career path you're not alone.
How To Pick The Best Career For You, Part 1
In Part One we'll look at how Positioning or "Coming to a Theater Near You" simplifies and expedites your employment hunt by reinforcing employer buy-in through justification of the sale.Rapidly gain employer agreement that you're the right person for the job by proving how their organizational needs are met through your specific abilities to solve their identified problems.
Personal Grooming: 8 Top Reasons Why You Can't Take It For Granted In Your Career
Most people when they landed "the dream job" after an interview or even got "the deal" of the lifetime in their businesses, sadly to say tend to slack on their grooming habits and it even goes to the point that they are wearing their pajamas going to the office. It seems that's very extreme but it happens.
Is Your Career Your Calling or Just a 9 to 5?
Do you remember your parents asking you what you want to be when you grow up? By the time I was in the 9th grade, my mother started asking me that same question until I graduated from high school. At that time I wasn't 100% sure what career path I would take, but I had several ideas.
Could You Write Performance Reviews For Money?
Writing performance reviews can be an excellent way to earn a living. Who wouldn't want to go from place to place watching actors, singers, and chefs perform at their best (and maybe their worst)? Getting paid to do something like this just seems like fun, doesn't it? But, in reality, these jobs are not easy to come by nor are they easy to do.
Job Interview Mistakes To Avoid
By avoiding these 8 simple mistakes, you can improve your chances ofhaving a successful interview and landing the job of your dreams.1.
Take the Personal Out of the Workplace: Leave Your Troubles at the Door!
Bringing your emotional baggage into the work place is inappropriate for all the reasons you may imagine. Yet employees, managers and business owners do it all the time.
Five Biggest Resume Mistakes You Can Fix Yourself
A career consultant can diagnose and overhaul a troubledresume. But you can check off the basics yourself.
Interview Quicksand
How will you respond when you're asked the following two questions?1.What type of boss do you like to work for?2.
Are Your References Ready?
One of the most common forms of background check performed by companies hiring new employees is the reference check. They typically request that candidates provide them with three names of previous bosses.
Dissatisfied With Work? Perhaps Its You
Just about every month, there's a new research report detailing the seemingly higher and higher degree of worker dissatisfaction. Whether it's a Gallup poll or a Conference Board report, the results are strikingly similar -- workers are becoming more and more dissatisfied with their work.
Creating a Winning Resume
Preparing your resume can often seem like a daunting task. You've done your research, but there is so much information, and how do you pick from the countless formats?!Writing your resume doesn't have to be so scary, in fact, if you keep a few simple tips in mind, you'll keep yourself ahead of the competition.
Rewriting Your Resume? 7 Easy Ways To Give Yourself An Upgrade
In today's competitive job market, a first class resume is an essential tool for winning an interview. The way in which you present your skills, achievements and experience on paper will profoundly affect the way in which a hiring company considers your application.
How to Overcome a Bad First Impression
Have any of these situations happened to you? Forgetting your client's name, unintentionally insulting a co-worker, spilling coffee on your boss, not recognizing an old friend, drinking too much at the company party, sending a racy e-mail to the wrong person, or asking a woman's due date when she's not pregnant - ouch! You never have a second chance to make a first impression, so what happens when that first impression is a negative one?In a perfect world none of these things would occur, but the truth is, we all make mistakes. Effective communicators are not only aware of how their actions impact others; they also know how to respond in uncomfortable situations.
How To Write A Resume Cover Letter That Will Get Your Resume Read
A Resume Cover Letter has only one purpose - to stimulate the recipient of your resume to review your resume. This free resume cover letter tutorial assumes that you will be sending your resume and resume cover letter by email.
Job Interview Preparation - What Employers Are Looking For
When an employer decides to conduct an interview with you, there are certain things that they are looking for from you. Naturally, you are likely to focus on these things during an interview, but you should remember all of the tips in this manual because following those tips is what is going to make the employers see all of those things in you.
How To Take The Pain Out Of Performance Reviews
The Painful ApproachFor many years, "performance management" was of an annual event dreaded by both the management and the workforce. For a week or two every year the manager would virtually isolate himself and ponder the stack of review forms staring him in the face.