5 Best Outplacement Services in 2023 (Top Outplacement Companies)
Career Outplacement
There are a countless number of outplacement firms to choose from today. Since we know you’re busy running a business, we wanted to help narrow down the search.
Here’s our list of the 5 best outplacement services for 2023.
Pain Points Addressed (Updated 2023)
- What are outplacement services
- Our top outplacement and career transition service picks
- How to choose the right outplacement services
- What are the best traits to target
- How much does outplacement services cost?
- What services are provided by outplacement firms?
- How do employers benefit from providing these services?
While parting ways with exiting employees can be difficult, it’s often an essential part of running a profitable organization and keeping your remaining employees happy. To make the transition easier, organizations often bring in a third-party service known as Outplacement.
What Are Outplacement Services?
Outplacement services help navigate the career transition process, providing general training, interview prep, career coaching/counseling and resume writing services to the departing employees.
They also help the employer reduce legal risks and cut down on unemployment claims (amongst other benefits).
There are a countless number of Outplacement Agencies to choose from, and since we know you are busy running your business, we wanted to help narrow down the search.
Notes: These online outplacement services are in no particular order and contain snippets from their websites. Many are also considered virtual outplacement services. Altering the offer to virtually help departed employees during these tough times.
The 5 Best Outplacement Services (Firms) for 2023
1. Turbo Transitions
Overview: Turbo Transitions is an e-Learning Outplacement Service focused on helping organizations quickly transition entry and mid-level employees during the offboarding process.
Whether it’s layoffs from downsizing or a change in strategic direction, their simple, affordable and effective virtual career transition solutions will save you money and improve your overall brand reputation.
Their job search techniques and career related articles have been utilized by job seekers over 4 million times in the past two years.
What They Offer:
- Career Coaching
- Training Library
- Step by Step Tutorials
- Guides, Templates, Quizzes
- Unmatched Customer Service
- Most Affordable Option
2. VelvetJobs
Overview: Based in Los Angelas, VelvetJobs is an employer branding and outplacement service provider. Their affordable outplacement services aim to smoothly transition workers into new opportunities.
“VelvetJobs works with companies of all sizes, from the smallest to the biggest in the world. We will custom-tailor a program just for you. We offer both standard and custom service packages for professionals of all experience levels.”
“Dedicated one-on-one expert career services for all experience levels. Each experience level requires a relevant level of service from career experts that range from senior executives to professionals in the middle of their career and junior staff. We will appropriately match career experts by experience level and industry.”
What They Offer:
- Career Coaching
- 1:1 Resume Writing and Job Interview Preparation
- Job Placement Guarantee
Source | https://www.velvetjobs.com/outplacement
3. RiseSmart
Overview: RiseSmart is a global company hosting a variety of outplacement solutions to provide both the employer and candidate with a great experience from the start.
“Randstad RiseSmart is one of the world’s largest providers of global contemporary career outplacement solutions that strengthen employer brands, improve retention, and re-engage talent. We partner with HR teams to produce unparalleled results and guide transitioning talent into, within, and out of organizations faster than the national average.”
“We help HR professionals navigate organizational change with confidence, ease, and superior results. Our dedicated team of industry experts lessens the burden before, during, and after workforce transformations with innovative, customized solutions that deliver peace of mind and high ROI. To ensure your future business success, we provide lifetime cost-saving recommendations and best practices advice”
What They Offer:
- Career Coaching
- Resume Writing and Branding
- Professional Branding
- Customized Job Leads
Source | https://www.randstadrisesmart.com/talent-mobility-solutions/outplacement
Related:
- The Outplacement Guide
- How to Retain and Develop Employees
- Employer Resources
- Best IT Staffing Agencies
4. Right Management
Overview: Right Management is another global outplacement company who has helped over 3.5 million people transition into new careers while helping organizations maintain productivity in the workplace.
“When individuals succeed, organizations win. We help companies and individuals create talent strategies for career management that improve business agility and performance.”
“Over the last 35+ years, Right Management has developed and transitioned more than 3.5 million people into new roles, careers, and opportunities.
“Uniquely positioned to guide companies through this transition, we provide organizations with innovative tools and a dedicated support team to help plan, communicate, and implement workforce transitions.”
What They Offer:
- Career Coaching
- Dedicated Account Team From Start to Finish
- Access to Local Job Resources
- Resume Writing Assistance
Source | https://www.right.com/wcm/connect/right-us-en/home/
5. Lee Hecht Harrison (LHH)
Overview: Lee Hecht Harrison is a global brand specializing in Career Transition and Outplacement help among other services.
is another global outplacement company who has helped over 3.5 million people transition into new careers while helping organizations maintain productivity in the workplace.
“Companies in every industry are facing unprecedented change – so they’re transforming their workforces to keep pace. That can mean helping move people on who lack the correct skills or who no longer fit the business structure, while at the same time moving key people into new roles, and finding new talent.”
“From front-line staff to C-suite executives, we can help you, transition employees, internally as well as into new jobs with new employers.”
“We have career coaches, programs, and technology to support one employee or thousands around the world. Our programs can be personalized to support a variety of career paths; entrepreneurship, consulting, freelance and contract roles, portfolio careers, and active retirement.”
What They Offer:
- Active Career Placement
- Career Transition for Senior Executives
- Redeploying Talent Internally
- Talent Sourcing
- Virtual Career Fairs
Source | https://www.lhh.com/us/en/our-services/career-transition-and-outplacement
“The federal reserve bank of Chicago published a study that projected an organization with 1,000 employees who were laying off employees could avoid losing roughly $1.4 million in wrongful termination lawsuits through offering outplacement services.”
— Velvet Jobs
Bonus Firm: Mercer
Overview: Mercer is a large asset management firm that has an outplacement division helping transition employees around the world.
“Today, employers want an outplacement solution that provides a virtual career center, social network integration, and pushes jobs through alerts to job seekers, supported by one-on-one coaching.”
“Mercer’s approach helps to transition employees to land nearly 3x faster than the national average time it takes to find employment. We are redefining outplacement design, delivery, and results and provide a service that meets the needs of all levels of employees.”
“We put jobs first to help employees get back to work 3x faster.”
“58% of employers are frustrated with the outplacement services offered by traditional “brick and mortar” providers, which are often viewed as outdated. This has resulted in Mercer’s new type of solution that encompasses both online and social technologies.”
What They Offer:
- Career Coaching
- Designed for Adult Learners
- Social Network Integration
- Subscription-Based Model
Source | https://www.mercer.com/
Frequently Asked Questions (FAQ)
What Traits Should Your Outplacement Agency Have?
- Latest job search knowledge on technologies
- Positive reviews and testimonials
- Access to coaches (online or in person)
- Interview prep sessions for applicants
- Personalized guidance
- Recommendations on industry trends
How Much Does Outplacement Services Cost?
The cost of outplacement ranges from as little as $750 per employee to upwards of $10,000 for more senior executives.
The difference in price is reflected by the services each firm provides along with the level of employee they are transitioning.
What Services Are Provided By Outplacement Firms?
Outplacement firms offer career transition coaching and support for former employees in attempt to find them a new job. This often includes; resume writing, interview coaching, and job searching assistance.
They also closely collaborate with HR managers to train the office/organization about transitioning best practices.
How Do Employers Benefit From Providing Outplacement Services?
For employers, the benefits that an outplacement agency provides typically include; decreased cost during layoffs, positive (or as positive as you can be) experiences for those that were terminated and the prevention of legal costs that may could come up during termination of work.
For the employees being terminated, this type of offering enables them to get by financially during the transition and provides them with the resources needed to find new employment.
What is Career Transition?
Career transition is the process of moving from one job or career to another. This can involve changing industries, job titles, or job functions.
Career transition can be voluntary, such as when an individual chooses to change careers for personal or professional reasons, or it can be involuntary, such as when an individual is laid off or fired from their job (like outplacement).
Career transition can be a challenging process, as it often involves building new skills and networks, and adapting to a new work environment. It can be helpful for individuals going through career transition to seek out support from career counseling services, professional networking groups, or job search resources.
Wrapping Up | Best Outplacement Services
In order to find the best outplacement agency for your unique situation, it is crucial to first complete your homework by researching each firm thoroughly. This will help you identify the one that is most suitable for your specific needs.
After you have made a decision, it’s a good idea to contact the chosen agency and request more information. This will allow you to gain a better understanding of their services and working style, ensuring that they are a good fit for your requirements. To summarize, here are some highly recommended outplacement firms:
- Turbo Transitions
- Velvet Jobs
- RiseSmart
- Right Management
- Lee Hecht Harrison
- Mercer
We hope this information helps clarify which outplacement agency to consider during your career transition. We wish you the best of luck in your search and future endeavors!
Title: The 5 Best Career Transition Services (Outplacement Companies)
Category: Employer Resources
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Author: Reid is a contributor for theJub. He’s an employment and marketing enthusiast who studied business before taking on various recruiting, management, and marketing roles. More from the author. | Author Profile
