The employers that are willing to provide their employees’ outplacement services do so for all and every employee. Be it a worker from a janitorial department or those in the management positions, everyone gets the support they would need for the job in the future. However, as the levels of the employees go up from a janitor and a worker who does handwork to a CEO or CFO, the need for the outplacement programs changes drastically.
The outplacement programs for an executive would be a little more personalized than others since their experience and skills are a lot different and their job has been more on the leading side than working under someone. Moreover, executive outplacement firms need to see how long exactly would these executives need the service for.
What Happens When the Executives Are Laid Off or Leave?
Due to restructuring in a company, not only the executives that are being laid off or replaced are affected but also those who are working under them because employees that have been working are familiar with how those executive work and it would take them some time to familiarize with the newer executive. This might even affect the productivity of the current employees.
It is extremely crucial for the management to have outplacement firm that would make the implementation of executive outplacement programs effective and efficient so that the impact on the employees would be minimum.
What do the Executives need?
When an executive is part of the workforce that is going through downsizing, it affects negatively at their morale. They become insecure and lose their confidence. Moreover, these people have been working for a very long time in their organization and it is very much possible that they don’t know much about the current job market and what would be required from them in the jobs that they would have to do in the future.
The executive, perhaps, needs more psychological support from the outplacement firm than most employees because getting laid off from such a high post might be a felt like a stab making them question their abilities and leadership skills.
Executive outplacement firms should take care of the above facts and provide more one on one sessions and consultancy so that the service is more personalized and tailored to their needs.