The employer brand has a moral responsibility towards the employees. This is because the existing employees are considered to be more loyal to the organisation. When the organisation provides the outplacement services, it demonstrates the commitment of the organisation towards the welfare of the employees. Separating the employees from the organisation is a difficult task and with the outplacement services in place the employees don't feel dejected and rejected.
Here are some of the key benefits which the organisation can get by availing the outplacement services:
It is often seen that the disgruntled employees often post negative comments about the company on various websites such as Glassdoor which are often looked up by the job seekers before making a job application. The presence of outplacement service shows respect and support towards the employees who are no longer a part of the organisation. This also helps in the mitigation of the feelings loaded with anger or resentment.
The prime aim of an outplacement program is to get the outplaced employees hired into a new position at a faster pace. The goal is to reduce the turn around time in comparison to the scenario when they themselves look for a new job in the absence of any assistance. This way a form of career transition service can be provided to the employees and the cost associated with the unemployed members of the workforce can also be reduced.
The loss of the job is one of the stressful event for any individual. But there comes a time when the companies are left with the only option of downsizing the staff strength, during those times, helping the affected employees in a compassionate manner and helping them in the career transition can be a good gesture. When the employees are set on the new success path, the organisations feel less guilty of outplacing the workforce.
The retained employees are also worried about their job security when the company is set on the path of downsizing. The questions about the values of the company will hover in the minds of the employees. At such hour, taking the help of an organisation offering outplacement or board advisory service can help in showing the employees that their well being is safeguarded by the organisation and they are of great value.
The risk of being sued for unlawful termination of the employees is always there. The risk aggravates when the employees feel that they are not supported by the employer at such a crucial hour. In such time, the outplacement service helps in reduction of the litigation risk that may otherwise arise.
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Cornerstone provides the added value of advisory board that additionally gives important values in various terms. Cornerstone advisory board works with the advisory board and CEO to define specific objectives. We provide a variety of important services including the advisory services, Career Transition Services and many more. We do not duplicate the efforts of advisory board but provide assistance in terms of: Board Advisory Services.
When it comes to career transitioning, Cornerstone provides an extended support and services that includes:
Apart from all the above mentioned services, cornerstone makes sure that the transition which can be an emotional change is handled with utmost sensitivity. We understand that this process can effect tremendously on a leader so we provide a service considering all of that. We make sure of passing the message with firmness regarding treating an employee with dignity and respect. Our Outplacement Services are highly recommended by our already existing clients. Cornerstone is a company with wide variety of networks as we are a multinational company. We are partners with both international companies as well as potential start-ups. We provide services in talent solutions, leadership consulting and executive search. Our approach has always been to give our clients a personalized service by completely understanding their business. With us you can have a long term partnership of trust and quality service. Our Indian branch is expanded over major cities of the country and we are expanded over major countries of the world. Cornerstone International Group has been a dedicated company in services like board advisory, outplacement, and Career Transition Services. We have been serving in the industry from past three decades and all these years we have gained knowledge and experience to serve the best. We aim at giving our clients ‘best of both the worlds’ that is from large multinational companies to small and potential start-up business. Our goal has always been to satisfy out client’s need. Client is our priority and we have designed a customized business strategy unique for every customer depending upon their need. Board Advisory Services.
Why Cornerstone?
Cornerstone’s Outplacement Services include:
Cornerstone Group apart from above mentioned services also provides other assistance to:
The advisory board practice is basically complimenting the board practice. This practice add value to you already existing factors and can help your business reach high levels. Service of outplacement can be very effective at a time when you want to explore different fields of your business. We at Cornerstone will help you in creating a positive environment to make sure that your goals are achievable in this time. This can also put a huge effect on organization’s standing, reputation and performance. We are developing fractional executives since 1989. We take time in understand one project that we get and our services are customized for every client that we work with because no one is same. Our speciality lies in simplicity and the things that we abide by are very simple- speed, quality, and value. We will serve you quality of service with excellence and meaningful result with our best candidates and wok ethics. We have the experience you will not find anywhere else. With an experience of so many years we understand a company’s needs, and the kind of result that they expect from us. Startup culture has now become an integral part of the Indian economy. The ever-increasing number of successful startups have made professional experts mull over the key characters that these ventures seek in their leadership teams. In this context, the professionals offering board advisory services to major corporates have identified the qualities discussed below that startups consider to be of utmost importance.
Expertise To Scale Up Most startups face the constraints of time and funds and hence seek leadership candidates capable of ensuring rapid growth. Hence, they give greater preference to candidates with an experience of scaling up the business growth that is far greater than the market average. Candidates with the passion to set targets for themselves and their teams, that take them well beyond their comfort zones and ensure significant business growth in relatively lesser time. Ability To Take Challenges Head-On Working for a stratup is often quite challenging in itself especially since the leadership candidates have to deal with countless issues and solve multiple problems on a daily basis. Hence, startups often look for ability toughness and tenacity in their leaders along with an ability to make difficult decisions in a confident manner. They generally prefer professionals with a demonstrated past in this context and hence often seek the assistance of outplacement service providers to find such candidates. Personality, Pedigree And Positivity Also known as the three P’s, the above qualities in leadership candidates help startups in ensuring that they present a strong face in front of the stakeholders, investors, and clients. Give that the startups need to undergo constant changes, leaders with a strong personality, enough expertise and a positive approach tend to be more successful in winning the trust of the people involved and associated with the venture. Felxibility To Tread An Unknown Path Establishing a startup is like setting on journey into the unknown, which is why leadership candidates with the flexibility to work in unpredictable conditions are much preferred. In most such cases, the startups may seek the assistance of career transition services providers having access to candidates capable of handing unpredictable events and scenarios and making decisions on the go. These candidates should be able to take the things as they happen in their stride and move on without looking back ad thinking. Every now and then, an organization and its people need energizing to boost sales and strategize for the future. Hiring board advisory services is an easy and inexpensive way to gain a third-party expert view of your current and future business challenges and craft an advanced strategy to it.
Here is a list of ways the advisory board can help you maximize your success: An Informal Group Of Experts An advisory board serves as a neutral and informal body consisting of outside experts that an organization can use as a sounding board for the current business challenges. Unlike a formal board of directors, this team of experts have an impartial view of your business challenges and has experience in tackling similar business challenges in the past. This helps you to craft a workable strategy that is tried and tested in the past. In addition to this, these experts can help you gain perspective on future business challenges to which you can take corrective measures at a much earlier stage. Gain A New Perspective On Your Business Another key benefit of an advisory board is that it encourages organizations to periodically step back and look at the overall direction of their business. By doing this, they can help you with the implementation of new programs such as outplacement services and career transition services. Such programs can help you with your brand gain loyal employees thus improving the overall productivity and efficiency of your company in the long run. Huge ROIs A common myth around hiring advisory boards is that it would take a lot of your time and would waste a lot of your money without any concrete results. But the truth is a complete opposite and is a huge benefit to any company that hires them. The Advisory board promises a far higher return on investment than one can imagine. By having a board of experts, the company ensures that any business challenge that the company is facing or may face in the future can be tackled with utmost dexterity thus setting the company on to the path of growth and success. Improved Productivity Of The Company By suggesting timely training programs and by implementing career growth strategies, advisory boards help you gain the loyalty of the employees and thus improve their productivity and overall efficiency thereby setting the company on path of success and growth. Today’s senior executive leadership recognizes how crucial it is to have successful hires at senior management and operational level in order to boost profits, streamline processes, motivate stagnant colleagues and inspire their teams.
On the contrary, the negative impact of making bad hires can do a lot more harm than one can imagine bringing the company to its knees. The world’s most successful businesses invest in their key people by utilizing the services of top recruitment firms in India. Hiring executive search consultants is very important for your company. Here is a list of reasons why: 1. Return On Investment The ROI on investment made in hiring executive search firms to search for employees can be huge in terms of a lot of things. Foremost, the whole hiring process gets streamlined and faster. This helps in saving a lot of time of resources which if converted into money can be a huge cost saving. Secondly, the search firms hire through a large candidate pool they have built with years of networking thus finding you the right fit not only in terms of skills but also in terms of culture. With the right fit, there is an increased performance that trickles down to the teams and thus improves the efficiency of the company boosting profits and extending growth of the company. This ROI can be manifold as compared to what you invested in the first place. 2. Specialist Market Knowledge Another reason why it is important to hire and retain a recruitment firm is the up-to-date market knowledge they bring with them owing to the years of experience gained while working in the industry. A recruitment firm gives board advisory services which are crucial while taking important business decisions in the company. Their market expertise and a well-established network of people can help you identify any potential challenge at an early stage and find a solution for it before it festers to become a bigger problem. 3. Access To Passive Candidates This is extremely important especially when it comes to the top-level positions in the company. Executive search consultants spend a lot of time engaging with passive candidates who are not currently actively looking for an opportunity but would be open to a good one if it presents itself. This increases your potential candidate pool further thereby giving you access to the best possible options in the industry. 4. Confidentiality Some roles are way too important and looking for a candidate to fill an about to get vacant position may lead to an environment of uncertainty in the company. This can be dealt with easily when you have a search consultant by your side. They hold privacy and discretion at the heart of everything they do while looking for a perfect candidate for the given role thus maintaining calm in the organization. Every startup assumes that just because they are strong in their own field of expertise, they automatically would be good at growing a team and mentor it to achieve success. But the truth is quite contrasting. It is never easy to find the right people to help your company thrive especially with the current talent market.
Executive Search Consultants hiring is one of the most critical of the positions to ensure the success of the company. Many companies avoid hiring executive search consultants and go DIY on such crucial positions but that can do more harm then good if they went in the wrong direction. With that in mind, we’re offering 3 tips to help you hire one of the Top Recruitment Firms in India. Don’t Hire Your Referrals Unless They Actually Are The Right Fit From Experience And Culture Perspective This is one of the most common mistakes committed by a startup. Founders and co-founders prefer to add friends and family on their board in the beginning. However, this is a huge mistake because sometimes they lack the relevant experience to do justice to their roles and responsibilities. Not only this poses a negative impact on the overall productivity of the company but it also impacts the team dynamics in the company. Having a firm that offers board advisory services is always a plus as they can guide you on what kind of people you should hire for your core team without basing the decision solely on your personal repo with someone. Understand The Requirements From The Role Before Interviewing People Another unfortunate mistake committed by a startup is that they begin their hunt for a candidate by coming up with a generic job description in order to attract variety of people. This leads to a lot of wastage of time and resources in the process. There always remains a huge possibility that you end up hiring not even a single person because none of the candidates fit the criteria. This can pose a negative light on your brand as an employer. So always be prepared even before going out on your hunt for the agency. Prepare a list of requirements you have so that the potential companies can paint a better picture for how your recruitment will look like once you hire them to work for you. Understand Your Culture And Hire A Culture Fit After the skill set, the second crucial criteria to hire a candidate is the culture of the company and whether the candidate would be the right fit or not. One of the top reasons people do not make it in a job successfully is because the person is not able to fit in the company culture. Culture can be somewhat tricky to define and so it’s even important for you to understand it better before you go out and hire a recruitment agency as this would be their second question to you after they understood the job requirement in detail. As we know that the main objective of outplacement is to reduce the number of employees working in the payroll of an organization. However, with so many companies offering, outplacement services, it is being sold as employee packages to the companies. The cost of outplacement is dependent upon a number of factors based on the specific needs of the organization and the professional level of the employee impacted by outplacement.
The cost of outplacement varies from employee to employee. But it is the responsibility of the organization to take care of the employees who have been loyal to them and helped them achieve the success in the business and above all, are losing the job for no fault of their own. However, there is no law that requires the employer to help the laid off professionals get into new jobs, but, it is a right thing to do. Still, a large number of organisations abstain from giving outplacement service to their laid-off employees. There are evidences which prove that the cost of not offering career transition services or services for outplacement is quite high in comparison to paying for a well-designed outplacement package. Here are some of the unspoken but proven cost outplacement brings with it:
Since the Earth is round, the laid off employees are going to become your customers, stakeholders, business partner or even competitors one day. They may even end up joining your organization again in a different capacity, for instance, as consultants offering board advisory services. So, they can bring a huge damage to the company’s brand at a later stage because of the disrespect and ill treatment given to them at the time of layoff.
Future employment also cost and the companies are required to consider this immediate cost which arises as a consequence of the showing the door to the existing employees. Also, when the lay-offs are not handled in a proper manner without any training to the managers in terms of delivering lay off notifications, the law suits by employees can cost the company of its two valuable assets i.e. time and money. Apart from the financial impact, it also brings with it negative publicity, leading to doubt on company’s integration further impacting the future income.
Not offering the outplacement opportunities not only impacts the employees who have departed, but also, the employers who are currently working on your payroll. It greatly impacts the productivity and engagement of the remaining staff members. It emotionally impacts them as watching your people, your friends being laid off without proper assurance for the future can be highly traumatic. Thus, the treatment of the organization to the laid off employees make the remaining employee feel insecure about their current and future position in the organization. In a sense, it leads to harbouring of negative feelings about the organization in the mind of employees who are staying in the organization. |
AuthorCornerstone India is a leading player in CXO Search, Board Search for Independent Directors and Leadership Advisory services. Archives
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