Scope of the Study
Outplacement is a kind of support service that is provided by some of the organizations so as to help the former employee’s transition towards new jobs. A consultancy firm generally provides the outplacement services which are usually paid for by the former employer and are attained through practical advice, workshops, and training materials. Some of the companies may even offer psychological support. Outplacement is either carried out through individual one-on-one sessions or in the group format. Some of the topics of discussions include career guidance, job search skills, career evaluation, resume writing, targeting the job market, developing networks, interview preparation, and negotiation. Consultants provide support to the individuals seeking a new job, and also to those who are looking forward to starting a new business or structure a collection of activities. These programs have set time limits that can be ranging from a few months to some additional extended periods, such as around 12 months and are presented at all the levels of an organization, from the workers to the corporate employees. Outplacement provides the former employees with a structure and guidance towards their new career options and hence preserves the morale of those who still remain in the company and those who see that their colleagues are given the essential support when they are to leave the company.
The market study is being classified by Type (Product Type, Group Outplacement and Personal Outplacement), by Application (Large Enterprises and Small and Medium-sized Enterprises (SMEs)) and major geographies with country level break-up.
The Adecco Group (Switzerland), Velvet Jobs (United States), Frederickson Partners (United States), Chiumento (United Kingdom), Mercer (United States), Hudson Global Inc. (United States), Prima Careers (Australia), The Career Insight Group (Australia), CareerArc (United States), Career Pro (United States), Randstad (Netherlands) and Hays plc (United Kingdom) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Outplacement Services market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Outplacement Services market by Type, Application and Region.
On the basis of geography, the market of Outplacement Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Customizable Services And Frequent Mass Hiring & Layoffs
- A Rise in the Safety against Litigation and Economic Feasibility
- Increase In the Client Businesses to Use Industry Services to Help Their Redundant Workers to Find New Employment
- Concerns Related to the Privacy of Candidates
- Increase in the Range of Services Provided by the Outplacement Agencies or Firms
- The Influence of the Latest Government Policies to Focus on the Standard Procedures to Comprehend the Growth of the Global Outplacement Services Market
- Risks of Fraudulent Agencies Approach
Key Target AudienceProviders of Outplacement Services, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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