Improved Reemployment Services Attracts Employees

Americans are feeling the pressure of soaring inflation, and while wages are rising, they are not keeping up with the inflation rate. Employers are looking for ways to enhance their employment offerings while also avoiding steep salary increases. Benefits such as medical, dental, and vision insurance, access to an employer-sponsored retirement plan, and paid time off (PTO) are commonly offered, but employers can also think outside the box by offering outplacement services for outgoing employees. These services provide a positive offboarding experience, and employees often feel more confident as they reenter the job market.

Reemployment services are an important benefit for employees, especially those with Gen Z and millennial talent. According to a report, 41% of millennials and 46% of Gen Zs feel stressed all or most of the time, and two-thirds of each group agreed (to some degree) that they often worry about or become stressed by their personal financial situations. As the economy continues to fluctuate, more and more employees are finding themselves out of a job, leaving them struggling to navigate the job market on their own. Reemployment services such as personality assessments, tailored guidance, a step-by-step resume generator, video mock interview tools, thorough progress reporting, and group learning choices can help fired workers return to the workforce more quickly. 

Employers can benefit from offering reemployment services to reduce unemployment insurance costs, improve brand reputation, and invest in outgoing employees while demonstrating commitment to the local community. This boomerang talent is especially valuable as they have first-hand knowledge and are more likely to maintain loyalty (Lamb, 2023).