We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Finance

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What Is Involved in Executive Outplacement?

Lainie Petersen
By
Updated: May 17, 2024
Views: 4,428
Share

In executive outplacement, executive-level employees are provided with career guidance, coaching, and other types of assistance in finding a new job after they have been laid off from employment. The services provided by an outplacement firm vary by the firm's philosophy and resources, the types of services paid for by either a corporate or individual client, and the specific needs of the client. Typically, executive outplacement will begin with a review of the employee's resume, and the employee may be provided with workshops and training in job searching skills, access to supportive services such as the production of cover letters, and ongoing job coaching. The length of time that a laid-off employee may participate in executive outplacement program varies significantly and depends on the ability of the laid-off executive to find new employment as well as terms of the contract between the outplacement service and the client or the client's former employer.

There are situations in business where it is in the company's best interest to terminate the employment of one or more workers. Many of these businesses, however, recognize the importance of acknowledging the contributions made by these employees by providing them with assistance in finding new work. As such, these companies may include executive outplacement services in an employee severance package. Many firms specialize in providing these services and may offer many different types of job search and placement assistance. In some cases, it is possible for an employer to select the types of services that will be available to terminated employees. The selection is usually based on the budget sent by the terminating employer.

One common aspect of executive outplacement services is the availability of a job coach to terminated employees. Ideally, the job coach is someone who is familiar with vocational counseling and business hiring practices who can advise his or her client on good job strategies as well as potential difficulties that he or she may have in finding a new job. In some cases, the job coach may provide his or her clients with the opportunity to engage in practice interviews that can help the client feel more comfortable during the interview process. These interviews also allow a job coach to observe his or her client's behavior and mannerisms so that the coach can provide constructive feedback to the client. Other services that may be offered include group networking meetings that allow job seekers to offer each other support, feedback, and potential job leads as well as online and classroom training in job search techniques.

Share
WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Lainie Petersen
By Lainie Petersen
Lainie Petersen, a talented writer, copywriter, and content creator, brings her diverse skill set to her role as an editor. With a unique educational background, she crafts engaging content and hosts podcasts and radio shows, showcasing her versatility as a media and communication professional. Her ability to understand and connect with audiences makes her a valuable asset to any media organization.

Editors' Picks

Discussion Comments
Lainie Petersen
Lainie Petersen
Lainie Petersen, a talented writer, copywriter, and content creator, brings her diverse skill set to her role as an...
Learn more
Share
https://www.wisegeek.net/what-is-involved-in-executive-outplacement.htm
Copy this link
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.