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Careers

Factors affecting outplacement pricing of a firm

Increasingly due to changing economic conditions, businesses find that the services of some of their employees are not required, so they either ask them to resign or terminate their employment. Since employee layoffs can adversely affect the morale of the remaining employees and also affect the relationship with the employees who were laid off, increasingly businesses are hiring outplacement firms to help the employees leaving to find new jobs. Since there are a large number of firms offering outplacement services, businesses would like to compare the services and outplacement pricing before taking a decision.

Services offered

Typically the outplacement firm will offer the following services to the employees laid off

  • career counselling about the opportunities available
  • resume review
  • understanding the personal preferences of each employee
  • providing job leads
  • coaching for interviews

The pricing for the outplacement services per employee will vary depending on a number of factors which are discussed below.

Number of employees

The service provider will usually provide outplacement pricing per employee who will require these services. If the business only has a few employees who are being laid off, the outplacement firm will usually charge a higher amount per employee. In contrast if the business is dismissing hundreds of employees, the outplacement firm will often offer bulk discounts, and the cost of outplacement per employee will be lower.

Scope of services

In some cases, the placement firm will guarantee that each dismissed employee will get a job. For this the outplacement agency will have to make more effort in generating leads, and ensuring that the employee applies for the job and is selected, so the cost per employee will be higher. In other cases, the outplacement firm may only generate job leads and may not guarantee placement, so the fees will be lower. A few outplacement firms are only offering career counselling, resume review, rewriting and coaching for interviews, so their fees will be lower.

Personalized service.

Outplacement firms which handle a large number of laid off employees often use automated tools for counselling, resume review and rewriting. The employee is provided login access to a portal, where he has to provide some information about himself and will be given suitable advice. Since the process is largely automated, the outplacement firm will usually charge less. In other cases the outplacement agency may have one or more experienced trained counselors with degrees, diplomas in psychology, executive coaching, human resources who will spend time with each individual to understand his requirement and then give suitable advice. Depending on the expertise of the counselor and time spent for outplacement, the charges per person will be higher

Employee age

It is usually easier for individuals below the age of 35 to find a new job, so outplacement of these individuals will be easier. There are far more job leads available, so they can find a new job quickly. In contrast there are few organizations who are hiring older professionals especially above the age of 45. So if the outplacement agency has to find new jobs for older professionals they will have to spend more time since there are limited opportunities and they will charge more for out placing senior employees.

Categories
Careers

Aspects to keep in mind when finding a career consultant near me

When it comes to job searching or careers in general, there are several of aspects that come into play. One of the most helpful resources you’ll have is your local career consultant, so it’s crucial that when you find one, they’re also reputable and know what they’re talking about. If their advice doesn’t work out how you’d like, or if they make unreasonable promises, you’ll never want to return. Here are the aspects to keep in mind when finding a career consultant near me:

Knowledge of the industry they work in

While their field knowledge can range from professional to general, finding a professional consultant in their line of work is crucial. That will allow them to make more informed decisions about what you should do that may not be as intuitive for you based on your skills, interests, and personality. In addition, it will also let them know your options if you are unsure about what you like or don’t like about certain jobs or industries.

Experience in finding career opportunities

Another critical factor to consider is if they have experience helping others find their dream career paths. It is crucial to ensure you are working with someone with experience to know what jobs pay well and what jobs you should be aware of.

Their credibility

It is important to remember that when looking for the best career consultant near me, you want them to be confident in their ability to help you find a promising career path that would suit your personality, interests, and skills. You want them not just to know what they are doing but also to have a proven track record of finding suitable job opportunities for others.

Unbiased advice

It is also essential to be aware that some career consultants may have a bias in what they tell you. If you find someone who would like to steer you towards a certain career path, then it is best to find someone else who can give unbiased advice and suggestions that suit your personality and life goals.

Flexible plan

The best thing about working with a professional career consultant is that they will use their experience and knowledge of the industry to design a personalized plan for your future based on your goals, skills, and preferences. They will be able to help guide you through the process of identifying what opportunities are available for your desired job title, career path, or company.

Long-term relationship

You shouldn’t work with a career consultant that you only need once every few years. Working with a professional that has been able to help countless others find their dream job is the best way to ensure they will be able to deliver the most helpful advice that would help you find what you are looking for. It is crucial to ensure they are invested in your future and understand your needs so they are prepared to deliver honest, unbiased, and thorough information about what fields of employment may suit you.

At this point, hopefully, you have considered all of the above features and feel more confident in choosing the best career consultant near me. Remember to keep in mind each of the features above, and you will have a better idea of what you are looking for when looking for the right career consultant.