There are ways for reemployment services and eligibility assessment that employers stand to benefit from offering assistance.
Here Are Reemployment Services And Eligibility Assessment That Can Help You And Your Bottom Line (PHOTO: SHRM)
Reemployment Services Might Be The Most Important
Companies with Gen Z and millennials should comprehend that those groups are particularly concerned about their financial situation and are likely to carry more pressure on the topic in comparison to their Gen X and Baby Boomer counterparts. According to a report, more than 41 percent of millennials and 46 percent of Gen Zs say they feel stressed all or most of the time, and about two-thirds of each group agreed (to some degree) that they often fear or become stressed by their financial situations.
According to ebn news, as the economy continues to fluctuate, more and more workers are finding themselves out of a job. As a result, many workers are forced to struggle to navigate the job market on their own. This can be an especially daunting task for employees who may have less of the skills and experience needed to compete in today’s workforce. Without support, these individuals may find themselves unemployed for an extended period.
If a departing employee’s company has offered them reemployment services and eligibility assessments that are an added-value benefit, that individual likely feels more equipped to succeed in their job search, regardless of their experience status. Focused, measurable post-termination reemployment services and eligibility assessment can include job search tools, a personality profile, individualized support, a step-by-step resume builder, video mock interview tools, detailed progress reporting, and group learning options. Reemployment services and eligibility assessment of these resources move further and beyond to assist terminated employees with getting back to work more quickly.
Reemployment Services And Eligibility Assessment
There are two primary ways that reemployment services and eligibility assessment benefits are offered by employers: the potential for reduced unemployment insurance costs and improved brand reputation. The first is quite simple but can make a big impact. Even in this job market, the number of people that are unemployed for over 27 weeks is hovering at 1.1 million by helping to lower the cumulative time that a terminated employee is jobless, employers can help reduce the number of unemployment claims filed, mitigate costly employment lawsuits, and possibly reduce their unemployment tax rate.
The second way that employers can benefit from providing reemployment services and eligibility assessment is more nuanced but could potentially have more of a long-term effect than the first. As the old saying goes, “you’re only as good as your word.” And in the business world today, brand importance is more significant than ever. A positive label reputation can help employers draw and retain more top talent, win over customers, and support and earn the trust of the community. Conversely, a negative brand reputation can often guide to a decline in sales, a potential exodus of employees, and a loss of community support. By funding outgoing employees, companies are demonstrating a commitment to the local community and helping to generate more goodwill among consumers.
A company’s status can impact everything from how easy it is to attract top talent to how likely customers are to do business with them. A bad reputation can also harm relationships with outgoing employees. By providing reemployment services and eligibility assessment, employers can not only improve their reputation and potentially save money on unemployment costs, but they will also show commitment to retired workers while supporting to ensure the continued attraction of top-quality skills.
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