History shows that outplacement appeared as a separate business service in the late 1960s. Originated in USA by local career consultancy company, it was primarily intended to provide employee transition support by large corporations specifically designed for departing senior executives. Following decades, with increased rates of cost-cutting and business restructuring resulting in workforce reduction, outplacement quickly became standard layoff procedure offered to all employee levels.
Nowadays, in modern business society, outplacement represents company´s best interest in supporting their employees´ terminations - treating them with respect and taking responsibility by offering transition services while facing the challenges of the labor market. Moreover, in times of employer branding, employee experience, war for talents and corporate social responsibility - it is becoming an inevitable part of company culture and brand promise package.
History shows that outplacement appeared as a separate business service in the late 1960s. Originated in USA by local career consultancy company, it was primarily intended to provide employee transition support by large corporations specifically designed for departing senior executives. Following decades, with increased rates of cost-cutting and business restructuring resulting in workforce reduction, outplacement quickly became standard layoff procedure offered to all employee levels.
Nowadays, in modern business society, outplacement represents company´s best interest in supporting their employees´ terminations - treating them with respect and taking responsibility by offering transition services while facing the challenges of the labor market. Moreover, in times of employer branding, employee experience, war for talents and corporate social responsibility - it is becoming an inevitable part of company culture and brand promise package.