Outplacement: everything you need to know about providing this vital service for your employees

In this week's Hanover Talent Insights:

👜 why outplacement services are vital in redundancies

👋 discover 7 reasons to provide outplacement support to employees

👩🏾 learn things you didn't know about the menopause in our FREE guide

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5 reasons outplacement support is vital in redundancies

In times of extreme uncertainty or economic volatility, redundancies are more common - but forward-thinking businesses can make an immediate and sustained difference to exiting employees with outplacement support. In fact, this support is vital. 

Remember, people aren’t just losing their income. For some, redundancy affects their whole identity, status and sense of self-worth; some even describe it as feeling like a kind of bereavement. And pretty much everyone who experiences redundancy reports feelings of stress, anxiety or other mental health issues.

But first, let’s look at what outplacement services actually are.

What are outplacement services?

Outplacement services or outplacement support is a service provided to employees leaving a business due to redundancy, restructure, change or by mutual agreement.

 Typically, outplacement services include practical career transition support, providing the tools employees need to take a new step in their career. This could be anything from e-learning, mental health support and workshops to CV writing and building a personal brand.

So what are the 5 reasons? - go to the Hanover website and read the full article.

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Why would a company provide outplacement services to an employee?

Outplacement services provide support to employees exiting a business due to redundancy, restructure, change or by common agreement. But what’s in it for the employer? Well, quite a lot. 

Career transition and outplacement services not only provide the tools departing employees need to take a new step in their career, they also help maintain a positive relationship between employer and employee, support businesses in meeting core social responsibility requirements, protect your brand and show remaining employees the value in which they are held.

Let’s go a little deeper into why an organisation might provide corporate outplacement.

7 reasons your company should provide outplacement services

1. Outplacement services help HR and managers during redundancy

Redundancy is a stressful time not only for the employees going through it, but also for your HR team and managers who have to support the process.

Outplacement services include support for both HR and managers in terms of organisation and administration, guidance on processes and someone to talk through any challenges or questions. This is important not just from a practical and business perspective, but also from a wellbeing perspective. 

Read  the full article on the Hanover website.

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Making sense of the Menopause: women, work and the way forward

This year has seen a DRAMATIC RISE in the coverage and conversations around menopause. This once-taboo subject has finally become a topic for open discussion in the corporate world. 

Over 900,000 women left their jobs last year because of menopause. 

October is World Menopause Month. With only a few days left we wanted to share a guide we have prepared for businesses to manage and mitigate the sometimes debilitating effects of menopause for staff in the workplace.

GET YOUR FREE GUIDE: https://lnkd.in/egFSQckf

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