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Word of the week: Outplacement

August 01, 2017

A service segment of the ‘other workforce solutions’ industry, “outplacement” is described in this year’s edition of Staffing Industry Analysts’ online lexicon of workforce solutions ecosystem terms as a service to guide a terminated employee of a company to a satisfactory new position or career through the provision of short- or long-term counselling and support services, on a group or individual basis, most often paid for by the terminating employer. For the full definition, go to lexicon.staffingindustry.com. As the ecosystem evolves, SIA’s mission is to keep the language current for professionals in the space.