When an individual loses their job, it’s normal for them to feel hurt, angry, vulnerable, or even betrayed. Work is more than just making a living for most individuals. A job influences how we see ourselves, as well as how others view us. It gives structure, purpose, and meaning to our lives.
A job loss can be a very stressful experience. Beyond the loss of income, losing a job can mean a loss of professional identity, diminished self-confidence, the loss of one’s social network, and the end of a familiar daily routine.
Today’s leaders, focused on building a great organizational culture, realize there is one benefit an employee needs most when they lose their job – a Personal Career Coach. By adding this inexpensive benefit to the individual’s severance package, they assist the employee when it is needed most.
What are the Cost/Benefits of a Personal Career Coach as Part of a Severance Package?
The cost of the Personal Career Coach benefit typically amounts to less than two weeks of the individual’s salary and generates a high return on investment for the organization. It demonstrates, to both existing and departing employees, that the organization cares about its people, even beyond their employment with the organization.
Additionally, a certified Personal Career Coach helps ensure the individual can deal with the stress of losing their job and helps to set the job search on the right track. at The Center For Leadership Excellence, our Career Coaches work with each individual, until their job search is complete, no matter how long it takes. As a result, for our coaches regularly hear our clients tell us that, “Having a Career Coach was one of the best benefits my former employer provided.”
In the future, make certain your organization includes a certified, Personal Career Coach as part of the severance package for individuals being transitioned out of the organization. Learn more about our Career Transition Services and what our Personal Career Coaches provide by visiting our website at www.cleindy.com/outplacement or contacting Jane Richardson, at (317) 652-1681 or jrichardson@cleindy.com.