New opportunities. Outplacement services help employees find new jobs
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As thousands of employees have lost their jobs in the ongoing funding winter, startups have put in place outplacement support for laid-off employees to find their next job opportunity.
While some companies like Vedantu, and Innovaccer have setup such support teams internally, external service providers like Careernet have also been working with companies to provide outplacement support. This support typically lasts for 8 to 12 weeks and can include counselling, CV building, coaching, and mentoring affected employees.
“In both the Indian and US contexts, outplacement support is a crucial aspect of the layoff process and helps the employees in getting their next job quickly. It is also a positive indicator for the next employer, as it shows that the layoff was a business decision rather than a performance-based one,” said Anshuman Das, CEO and co-founder Careernet.
