One of the most reliable sources of a company’s credibility is its employees. They know the business inside out and have actually contributed to its operational success. Most people will instantly believe the claims and statements of a former employee about a company, whether good or bad.
It’s inevitable for business execs to come and go. But instead of it being a dreadful experience for a board member, think of it as an opportunity to gain an outside supporter. As exiting executives transition, it is likely that with their credentials, they will end up in a similar or even a rival company. To ensure their loyalty and that their departure won’t be detrimental, turn them into the strongest advocates of your firm. Here’s how.
Executive Outplacement
A decent way to repay the exemplary hard work of a leader is by having an executive outplacement send off. This program guides displaced managers as they figure out their next step in the career-searching process and even helps them secure a new role in the business.
This service gives former executives enough time and resources to navigate their way into a new position. Apart from that, it also sends a fundamental message across the organization. It gives employees a sense of security and asserts their value as more than a dispensable commodity of the company. More specifically, the executive outplacement program discusses career options, refines resumes, and prepares employees for interviews before they seek out prospective employers.
Benefits and Importance
Having outplacement services significantly reduces the potential harm that could be done to your company’s image. Being disregarded after a layover can leave former employees feeling distraught, which can compel them to have ill feelings towards the firm. Once clients get a hold of sensitive information from exiting employees, it will be hard to undo the damage. If done well, executive outplacement programs can make displaced employees do the opposite and put in a good word for your company outside the organization. It can also reduce the risk of any legal liabilities, where a lack of this service may be considered negligence.
Aside from maintaining the firm’s outside image, executive outplacement also impacts the inside dynamics of a company. Employees will gladly and diligently work for an organization that values them enough to help them transition in the event of a dismissal. Their security will be one less problem on their mind, and they will have more space to focus on their tasks. It also lines up with company values and upholds the firm’s integrity.
Lastly, it should be more than enough of a reward that your employees will have been appropriately transitioned and guided every step of the way. You can rest easy in letting them go, knowing that you have done all that you can and should do. With an effective executive outplacement program, even after the loss of an employee, you are sure to have released an advocate into the corporate world.