Outplacement is a service that helps a terminated employee with the transition to a new job, which can include resume writing, job search, and job coaching. Outplacement can have benefits and costs for both employers and employees, as a part of the total compensation cost of a company's labor force.

What outplacement means?

= Outplacement refers to the processes and procedures involved in helping a job seeker whose employment has been terminated by a former employer secure a new job.

Are outplacement services worth it?

Outplacement can help the company take appropriate action when letting some employees go. Offering an outplacement package as part of a severance agreement can reduce the anxiety of laid-off employees and, therefore, the risk of lawsuits.