Gilpin ESD

In Northern Ireland a number of businesses baulk at the idea of paying for Outplacement.  “Why pay for a service when we are already paying them to leave?”  However, this is short sighted. Industry studies suggest that, on average, outplacement costs less than 5% of the total costs of separating employees, but that it can produce substantial returns. DBM research conducted with the help of 1,200 senior HR people found that companies who used outplacement were three times more likely to maintain or increase share price than those who did not. They were also one and a half times more likely to increase profitability and twice as likely to increase productivity.

So what’s the business case? How do businesses know what the ROI might be?

(more…)