Gilpin ESD

Executive Recruitment | Belfast | Northern Ireland

Posts Tagged ‘outplacement’

Giving more to those facing redundancy…

Monday, February 3rd, 2014

Last week we discovered in the latest Northern Ireland unemployment figures that in 2013, there were a total of 2,011 confirmed redundancies.

This was somewhat positive- as much as it can be- as the number was down 40% on the previous year (3,353 in 2012.)

In Northern Ireland, some businesses seem unwilling to put such departing employees through a career transition programme (outplacement), whereby support and advice is given to staff to prepare them for the next steps outside of your company.

This may help them to secure employment within the same industry, a career change, start (more…)

Outplacement in Northern Ireland

Thursday, December 17th, 2009

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?