How to Lead in an Economic Downturn “Morgan Stanley forecasts Eurozone GDP growth to plunge 3.3% in 2009 – the steepest recession since 1945…but recovery is expected in 2010” Commentators continuously speculate how much longer the recession will last; 6 months, 12 months…one thing is certain, it will not end today. However, there is a [...]
Present engineering alumnus is outdated in less than 5 years. You may be as well. In case you are not learning something new today, you may be old-fashioned and unmarketable tomorrow. That is true for those people over 40. (When you are over 40, are you acquainted with Microsoft Word and Excel?) Consider the career [...]
Upper Saddle River, N.J. – April 1, 2008 – Compensation Resources, Inc.(CRI) has released the results of its 2008 Severance Survey. The purpose of this study was to obtain current data on the prevalence of various practices affecting severance policies among employers that represent all sizes, locations, and industries. Data was compiled from survey questions [...]
When there is a lot of stress all around at your workplace and there are fears of being laid off, then taking advantage of some of the different outplacement services there are can be a great way to ease tensions and support employees. When someone gets laid off from work, there is always the fear [...]
General Review Multiple changes in the industry, shifts in the market, and transitions within the compensation structure at his company, forced Darrell to consider ‘outplacement’ as a means by which to alter his career path. Most of his background had been in business development, community partnerships, and fund raising. The RL Stevens program helped him [...]
Our work often gives us our sense of personal identity, providing us with self-respect and social status. When meeting someone for the first time, one of the most common questions asked is ‘what do you do’? Although we like to complain about our jobs, generally work is seen as a positive thing and if we [...]
Outplacement sounds like such an ugly word. The very connotation of the word brings to mind “outcast” or other unpleasant ideas. When placed in the context of the job market, it reminds us that someone’s position with a company has been found redundant. Redundancy, of course, draws to mind the word “unnecessary,” and you can [...]
The world is spinning. Interest rates are rising and the cost of borrowing, working and living is increasing. Some companies will not be able to support the increased costs that they are now experiencing, with the result that they will start to trim staff members. What happens if you find yourself on that dreaded “retrenchment [...]
Outplacement Coaching Part II Three Truths about Outplacement Outplacement has taken on a different meaning the past couple of years. For decades, outplacement was a way of helping employees who were dismissed without cause to land their new job faster. Since the downturn of the economy (and the upturn in massive layoffs), outplacement has come [...]
There is probably nothing more stressful and traumatic than termination. The stress and trauma are not only experienced by the employees, but by the management as well. Termination cannot just actually happen overnight. This has to be thoroughly planned and carefully delivered to achieve positive results. As such, most companies resort to outplacement sessions and [...]