More than two-thirds of U.S. employers with 250 or more employees offer outplacement, at an average cost of $3,589 per employee, according to a survey for The Wall Street Journal by the American Management Association and Institute for Corporate Productivity.
60% of outplacement services are for one to three months. And another 18% receive outplacement for 3-6 months. Executives are likely to receive more services and support for a longer period of time.
According to market surveys, the cost of outplacement ranges from a high of over $10,000 for senior executives to $1,500 for hourly employees. The quantity of services is reflected by the variance in price.
But the feedback we receive from our clients suggests the quality of service is all over the map - mostly disappointing for the recipient - and an added time-consuming headache for the employers' human resources staff. Fact: We started offering outplacement services at the request of individuals who were dissatisfied with the large outplacement firm they were assigned. And just to add insult to injury, these individuals paid out of their own pocket for our services - even though their employer had paid several thousand dollars for the "big" outplacement firm. To this day we continue to get individuals choosing to pay us out of pocket even though the company paid for an outplacement firm. IT DOESN'T HAVE TO BE THAT WAY. HUMAN RESOURCES CAN PROVIDE A QUALITY SERVICE AT LESS COST.
A whopping 58% of corporate HR respondents had frustrations with the services provided by their outplacement provider.
A large majority of employees, at all levels of outplacement support, felt they didn't get the quality of support they were expecting from a 'professional outplacement firm'.
Traditional outplacement services such as office space and
onsite coaching ranked significantly below competent assistance and quality support. Even virtual and social tools ranked higher in value to office space.
A blended approach that leverages a high tech-high
touch approach to outplacement services is better, faster, and more
affordable for businesses to implement, whether they are transitioning
one person or 4000 people.
The Nielson Group provides customized packages for every client. The following are examples of packages at different price points. Call to discuss your specific needs and ideas. We'll develop a proposal that fits your budget and exceeds all expectations.
Large scale reductions are easily and cost-effectively handled by our staff including onsite one-on-one communication meetings and group seminars. ALL package examples listed below include a comprehensive talent assessment, 70+ page talent report and 2-hour comprehensive debriefing to increase self-awareness of talent strengths.
Resume ReWrite Service
LinkedIn profile
Customized cover letter template
Extensive online resource of job search best practices, strategies and interview tips.
Group job search webinars
Resume ReWrite Service
LinkedIn profile
Up to 10 personalized custom cover letters and cover letter template
Three one-on-one job search coaching sessions
Resume ReWrite, LinkedIn and up to 10 cover letters and cover letter template
Three month one-on-one job search and interview coaching (unlimited # of sessions)
Resume ReWrite Service
Personal branding
LinkedIn profile
Cover letters
Six months one-on-one job search and interview coaching (unlimited # of sessions)
More than two-thirds of U.S. employers with 250 or more employees offer outplacement, at an average cost of $3,589 per employee, according to a survey for The Wall Street Journal by the American Management Association and Institute for Corporate Productivity.
