Outplacement provides career transition support and services to employees who are exiting their organizations, helping them smoothly transition to find new career paths. It benefits both the departing employees and the companies by offering counseling, tools, and motivation beyond just severance packages. The outplacement process involves self-assessment, determining ideal career opportunities, resume and cover letter writing, job search strategies, interview preparation, following up after interviews, obtaining references, negotiating job offers, and transitioning to a new position.
