5 Best Outplacement Services in 2023 (Top Outplacement Firms)
Top Outplacement Firms
There are countless outplacement firms to choose from today. Since we know you’re busy running a business, we wanted to help narrow the search. Here’s our list of the five 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 do 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 essential to running a profitable organization and keeping your remaining employees happy. Organizations often bring in a third-party service called Outplacement to make the transition easier.
What Are Outplacement Services?
Outplacement services help navigate the career transition process, providing general training, interview prep, career coaching/counseling, and resume writing assistance to departing employees. They also help employers reduce legal risks and unemployment claims (amongst other benefits).
The 5 Best Outplacement Services (Firms) for 2023
1. Turbo Transitions (Most Affordable)
Overview: Turbo Transitions is an e-Learning Virtual 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.
Turbo Transitions provides comprehensive outplacement services tailored to large corporations and small businesses undergoing layoffs or restructuring. They offer personalized career coaching to help affected employees transition smoothly into new roles or careers. Their approach emphasizes speed and effectiveness, with services designed to help individuals get back into the workforce as quickly as possible.
Their job search techniques and career-related articles have been utilized by job seekers 4+ million times over the past few years. Their “bread and butter” feature within the service is the Career Training Platform which is unmatched in the industry.
They are also at the forefront of implementing and developing artificial intelligence-related tools into their services and platform.
What They Offer:
- Career Coaching
- Training Library
- Step by Step Tutorials
- Guides, Templates, Quizzes
- Unmatched Customer Service
- Most Affordable Option
- AI Implementation
2. VelvetJobs
Overview: Based in Los Angeles, VelvetJobs is an employer branding and outplacement service provider. Their affordable outplacement services aim to transition workers into new opportunities smoothly.
VelvetJobs offers various outplacement services to help organizations support employees through job transitions. Their services are based around a proprietary job-matching platform that connects employees with relevant opportunities using the power of artificial intelligence.
In addition, VelvetJobs provides resume writing services, professional interview coaching, personalized career transitioning strategies, and curated job alerts. They also deliver an outplacement microsite that is branded for each client, which provides additional support to laid-off employees.
“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 standard and custom service packages for professionals of all experience levels.” Source | https://www.velvetjobs.com/outplacement
What They Offer:
- Career Coaching
- 1:1 Resume Writing and Job Interview Preparation
- Job Placement Guarantee
3. RiseSmart (Large Player)
Overview: RiseSmart is a global company hosting various outplacement solutions to provide the employer and candidate with a great experience from the start.
Randstad RiseSmart’s outplacement services are part of their broader talent mobility solutions. They emphasize personalized career transition services, with each participant receiving support from a three-person team: a certified career coach, a professional resume writer, and a job concierge.
RiseSmart’s services also include access to a proprietary job search platform with tools for tracking job leads and managing job search activities. RiseSmart’s outplacement services are designed to deliver faster transitions to new employment, emphasizing transparency, ROI, and superior service delivery.
“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.” Source | https://www.randstadrisesmart.com/talent-mobility-solutions/outplacement
What They Offer:
- Career Coaching
- Resume Writing and Branding
- Professional Branding
- Customized Job Leads
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 that has helped over 3.5 million people transition into new careers while assisting organizations in maintaining productivity in the workplace.
Right Management, a part of ManpowerGroup, offers various outplacement and career transition services. Their approach combines one-on-one coaching with an innovative platform for job searching and skill development.
Right Management’s services are designed to support employees at all levels, from frontline staff to senior executives. They focus on helping individuals develop career resilience and agility, keeping them in navigating the changing world of work. They also provide real-time analytics and reports for organizations to measure and understand the effectiveness of their outplacement programs.
“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.” Source | https://www.right.com/wcm/connect/right-us-en/home/
What They Offer:
- Career Coaching
- Dedicated Account Team From Start to Finish
- Access to Local Job Resources
- Resume Writing Assistance
5. Lee Hecht Harrison (LHH)
Overview: Lee Hecht Harrison is a global brand specializing in Career Transition and Outplacement help, among other services. They are another global outplacement company that has helped over 3.5 million people transition into new careers while assisting organizations in maintaining productivity in the workplace.
LHH offers comprehensive outplacement and career transition services. Their approach is tailored to support employees at all levels, emphasizing personalized coaching and digital resources. They provide access to a comprehensive suite of online tools, including job search resources, career assessments, and learning programs.
In addition, LHH delivers insights and data to organizations to help them manage workforce transitions effectively. Their outplacement services are part of a broader set of talent development solutions, including leadership development, change management, and employee engagement programs.
“We have career coaches, programs, and technology to support one employee or thousands worldwide. Our programs can be personalized to support a variety of career paths; entrepreneurship, consulting, freelance and contract roles, portfolio careers, and active retirement.” Source | https://www.lhh.com/us/en/our-services/career-transition-and-outplacement
What They Offer:
- Active Career Placement
- Career Transition for Senior Executives
- Redeploying Talent Internally
- Talent Sourcing
- Virtual Career Fairs
“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 significant asset management firm with an outplacement division helping transition employees worldwide.
Mercer, a global consulting firm in the areas of health, wealth, and career, provides a wide range of outplacement and career transition services. Their approach is designed to support both individuals and organizations, helping employees transition to new roles while minimizing disruption to the business.
Mercer’s services include career coaching, personalized career planning, job search support, and online resources for job seekers. They also deliver consulting services to help organizations plan and implement workforce transitions, emphasizing communication, planning, and support for remaining employees.
“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 encompassing both online and social technologies.” Source | https://www.mercer.com/
What They Offer:
- Career Coaching
- Designed for Adult Learners
- Social Network Integration
- Subscription-Based Model
Notes: These online outplacement services are in no particular order and contain snippets from their websites. Many are also considered virtual outplacement services. They are altering the offer to virtually help departed employees during these challenging times.
Frequently Asked Questions (FAQ)
What Traits Should Your Outplacement Agency Have?
- Career training platform or library or resources
- Job search knowledge of the latest technologies
- Access to coaches (online or in person)
- Interview prep sessions for applicants
- Personalized guidance
- Recommendations on industry trends
How Much Do Outplacement Services Cost?
The cost of outplacement ranges from as little as $350 per employee to upwards of $10,000 for more senior executives. The price difference is reflected by each firm’s services and the level of employees they are transitioning.
What Services Are Provided By Outplacement Firms?
Outplacement firms offer career transition coaching and support for former employees to find them a new job. This often includes; resume writing assistance, interview coaching preparation, and job-searching guidance.
How Do Employers Benefit From Providing Outplacement Services?
For employers, the benefits that an outplacement agency provides typically include; decreased cost during layoffs, cheerful (or as optimistic as you can be) experiences for those terminated, and the prevention of legal expenses that may come up during termination of work.
For terminated employees, 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 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 involuntary, such as when an individual is laid off or fired from their job (like outplacement).
Career transition can be challenging, 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 transitions to seek support from career counseling services, professional networking groups, or job search resources.
Wrapping Up | Best Outplacement Services
If you’re on the hunt for the perfect outplacement agency that fits just right with your unique circumstances, it’s essential to take some time and do a bit of detective work – basically, dig deep into what each agency has to offer. This way, you’re not just guessing but actually identifying who can best meet your specific needs.
When you think you’ve found ‘the one”, don’t be shy. Reach out to them and ask for more information. This is your chance to understand what they do and how they do it. By getting a clearer picture of their services and processes, you can see if they genuinely gel with what you’re looking for.
- 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
Tags: outplacement agency, companies that deal with outplacement of former employees, outplacement services near me, outplacement firms, outplacement assistance, virtual outplacement firms
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
