Calculate Your Outplacement Costs With This Free Tool

Want to figure out how much outplacement costs? Look no further.

We’ve made this easy-to-use calculator to see how much you should budget for outplacement services. All you need to do is input your company’s information to get a free estimate.

Check it out here:

Before you go, here are a few tips to consider when shopping for outplacement, too.

In order to get the most out of your outplacement firm, you should aim to work with a firm that is willing to be a strong strategic partner in the future.

What’s that mean?

Well, many outplacement firms are willing to work with companies by charging them a retainer fee, allowing the company to call upon their services when needed.

This is an antiquated approach.

Outplacement is one of those services that you need from time to time but not every day. So, by paying a retainer fee, you hemorrhage money that could be spent elsewhere. Because of this, you should look for firms that do not charge retainer fees for their services. After all, what’s the point of spending money for no reason?

Also, your firm should be flexible enough to work with all of your staff members regardless of location, meaning that the firm should use all of the technologies available to them to help your employee get placed. If a firm cannot figure out how to offer virtual outplacement, they probably can’t figure out the digital job market, either.

Here’s the big one:

Make sure your firm doesn’t use term limits.

What’s the point of paying a retainer fee while also having a term limit on a service that could end up with your staff members never finding that next role? If you pay for something, you want a result, which is why term limits are bad for your staff and potentially damaging to your reputation as well.

Here at Careerminds, we take all of this advice to heart. We do not charge a retainer fee, which saves you money. We use next-gen platforms and coaching techniques to get your employees back to work faster, and we do not have term limits because we believe firms should work with clients until they are placed. Think of it as Until-Placement.

This why Careerminds is able to offer services for far less than traditional firms who are stuck in the past.

Want to learn more? Schedule a demo today:

Josh Hrala

Josh is an HR journalist and ghostwriter who's been covering outplacement and offboarding for over six years. Before pivoting to the HR world, he was a science journalist whose work can be found in Popular Science, ScienceAlert, The Huffington Post, Cracked, Modern Notion, and more.