Deciding on an outplacement agency to partner with is not a decision to take lightly. It is a common mistake for company leaders to assume that all outplacement services are similar, so it is okay to just pick one and that’s that. It turns out that not all outplacement firms are equal and some have a much higher success rate than others.
Finding a firm that will have success in getting your terminated employees back on their feet is the whole point. So don’t be stingy and go for the cheapest option, you need to also consider things like quality, services provided, and success rates. Here are the specific considerations that need to be made, as well as the best outplacement services of 2019.
Cost
Although this shouldn’t be the only consideration, cost is still an important one. This is a big investment for your company, and it is understandable if you have to stick to some semblance of a budget. Outplacement services are entirely worth the cost, but this doesn’t mean you have thousands of dollars to spend on each and every one of your employees.
Cost depends on the agency you choose as well as the specific package you decide on within that agency. On average, you can expect to pay about $1500 per employee you wish to insure with outplacement, but it is still possible to find quality services for the $1000 price range.
Services Provided
Looking into the services provided by different outplacement agencies is an important part of the decision-making process. Some outplacement services merely help with resume and cover letter writing, while others go above and beyond with interview coaching and career-building sessions. Finding an “above and beyond” option does not mean you have to break the bank.
Success Rate
There is literally no point in partnering with an agency with a low success rate. Before signing a contract, you should have a good idea of the agency’s success and look into customer satisfaction rates. You can find information like this on Glassdoor, Yelp, and similar review sites. Don’t be afraid to reach out to fellow business owners to get their input on their experience with outplacement agencies.
And the winner for Best Outplacement Firm Goes to….
Nobody has anything bad to say about Employment Boost. The customer satisfaction rating is through the roof for this outplacement firm, and not just because of the insanely high success rates in finding jobs for laid-off employees. Employment Boost offers a wide range of services and employers are able to choose a plan that fits any budget.
Employment Boost offers 3 separate outplacement packages: CORE, CORE+, and ELITE. Employers on a budget choose the CORE option, which still has an amazing success rate. The package offers everything from resume assistance to interview coaching. The best part of Employment Boost services is that they come with at least 45 days of support. The pricier options come with 90 and 120 days of support – plenty of time to find someone a job.
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