How do employers benefit from outplacement and offboarding?

What will be an ideal response?

Answer: In outplacement, laid-off employees are given assistance in finding employment elsewhere. Through outplacement, the firm tries to soften the impact of displacement. There is a strong correlation between how a company treats departing employees and its ability to attract and retain top talent now and in the future, particularly when the economy rebounds. This proactive response will also likely have a positive influence on those who remain with the company after downsizing. More employers are offering outplacement help to preserve their employer brand and reputation. Offboarding involves exit interviews, removing access to company property, and other services involved in a former worker leaving the company. Teresa Grote, practice director of composite solutions for Ascendum, an information technology company, said, "I think that in our highly litigious society today, making sure that you go through proper offboarding is probably equally, if not more, important than proper onboarding." There are numerous risks in the termination process and it is important to establish a fair and uniform process as employees leave the company.