News: Indian companies resort to outplacements

#Updates

Indian companies resort to outplacements

In view of possible economic slowdown companies have realized that right-sizing, cost structure and alignment are certainly on the cards and hence are resorting to outplacement – a smoother way of lay-offs. According to recruitment service provider GlobalHunt, many a companies are roping in third party consultants to find new employment for the laid off employees. Outplacement is generally done either when companies do not want to get into mass lay-off numbers or they do not want to be tagged for sacking.
Indian companies resort to outplacements

In view of possible economic slowdown companies have realized that right-sizing, cost structure and alignment are certainly on the cards and hence are resorting to outplacement – a smoother way of lay-offs. According to recruitment service provider GlobalHunt, many a companies are roping in third party consultants to find new employment for the laid off employees. Outplacement is generally done either when companies do not want to get into mass lay-off numbers or they do not want to be tagged for sacking.

The trend is more visible in the sectors such as BFSI, telecom, engineering and IT. Companies are helping outplace those employees who are not required as per the thin structure of the company so that there are smooth exits and employees get to explore opportunities available in the market with mindset to work harder and sustain their jobs. This helps the companies create a positive brand image which in future helps them in attracting talent pool.
 

Source: The Economic Times, The Hindu Business Line 

Read full story

Topics: #Updates, Employee Relations

Did you find this story helpful?

Author


QUICK POLL

As a talent leader, which of these tools would help you navigate your Next Curve?

On News Stands Now
q_auto,f_auto/v1581046679/mag-february-2020.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

.

Subscribe
And Save 59%

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :