Also referred to as outplacement or termination planning, this is a systematic process for advising and assisting executives to objectively evaluate their occupational strengths and limitations, establish realistic employment objectives, and develop an effective marketing plan to penetrate the job market.
For the Executive: Mitigates economic loss, psychological crisis centering on his self-esteem, minimizes time to relocate, provides objective planning.
For the Company: Reduces settlements, avoids litigation, optimizes the mitigating impact in court decisions involving severance suits that actually get to trial, benefits in employee morale, loyalty and productivity, minimizes destructive comments by the terminated executive.
Steps in the Process:
Plan the actual termination
Conducted intensive interviews
Develop a detailed profile
Prepare/execute a comprehensive, personalized, self-marketing plan
Train for job interview/negotiating skills, simulate job interviews
Analyze/review secured interviews
Assist with negotiating/evaluating offers
Maintain liaison with contacts in lieu of possible termination recurrence