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Industry News

 

Organizations Increasingly Turn to Online Outplacement Solutions

Thursday November 20, 2008

 

Dallas — Nov. 20
Insala, a global provider of outplacement and career transition software, is reporting a significant increase in usage among EmploymentTalk clients.

With more than 20 percent of the world’s outplacement firms powered by EmploymentTalk, Insala’s online outplacement solution, Insala’s U.K. clients have experienced a 30 percent increase in use when comparing October 2008 with October 2007. In the U.S., the increase during the same period is nearly 20 percent, mirroring the layoff news and redundancy announcements reported during the past 12 months.

“These numbers are an indicator for the outplacement industry as a whole when you look at the sharp increase among our users over the past year and read the nearly daily announcements of redundancies and labor projections,” said Phillip Roark, Insala president and CEO.

“The positive element to be found here is that outplacement support is a responsible resource provided by organizations. Companies want to help exiting employees and are reaping the benefits in boomerang hiring, improved morale, motivation, productivity and improved company reputation, to name a few.”

Reed Consulting reports in The Value of Outplacement, that 81percent of employers engage help from external outplacement providers with 50 percent of surveyed employers using only external providers. With projections of more layoffs looming, outplacement firms stand a chance to streamline services and resources to clients while maintaining high-touch personalized services with assistance from online outplacement solutions such as EmploymentTalk TM.

Insala partners with organizations to develop and deliver business strategy solutions and to maximize human capital in today’s competitive and changing social and economic environment. Insala’s powerful outplacement and career services technology solutions are utilized by organizations worldwide.

The Insala Solution Suite spans outplacement, succession planning, career development, performance management, leadership development, employee surveys and mentoring. Delivering unique solutions through advanced technology, content and consulting services, Insala solutions offer sustainable, measurable value, with long-term impact for organizations worldwide.

Global Layoff Forecast

• Layoff announcements rose 48 percent for the third quarter of 2008 compared to the same quarter last year (U.S. Bureau of Labor Statistics).
• U.S. Job cuts are on pace to exceed 1 million this year for the first time in 3 years (Challenger, Gray & Christmas).
• In March, 11 percent of U.S. organizations surveyed predicted a large-scale reduction in the workforce as being "very likely."
• Twenty-six percent of surveyed organizations in the U.K. have contingency plans to make new or further redundancies in the next 12 months in addition to those already planned.
• In the U.K., redundancies increased by 21 percent from the first quarter of 2008 to the second quarter (U.K. Office of National Statistics).
• The number of U.K. employers seeking help with making redundancies rose by 28 percent from August to September (Chartered Institute of Personnel and Development, 2008).

For more info: http://www.insala.com