At a time when the average duration of unemployment for laid-off workers is longer than it has been in decades, where is the evidence that traditional outplacement firms are doing anything about this problem?
San Jose, CA (Vocus) October 5, 2010
While RiseSmart joined more than 45 other HR vendors and consultants in showcasing new technologies at the 2010 HR Technology Conference and Exposition in Chicago last week, one critical component of the talent management cycle was woefully underrepresented at the event: outplacement.
“At a time when the average duration of unemployment for laid-off workers is longer than it has been in decades, where is the evidence that traditional outplacement firms are doing anything about this problem?” asked Sanjay Sathe, founder and CEO of RiseSmart, a Silicon Valley-based provider of next-generation outplacement and RPO solutions. “Advances in technology are key to improving outplacement programs and alleviating the suffering of workers. And yet, the biggest U.S. outplacement firms didn’t even bother to show up at the biggest HR technology event of the year. It’s truly unfortunate.”
Disrupting Business-as-Usual in Outplacement
The San Jose Mercury News, among other news outlets, has praised RiseSmart for demonstrating “the valley’s knack for using technology to disrupt standard business practices.” But while RiseSmart’s high-tech, high-touch approach to outplacement services is putting people back to work twice as fast as the national average, other outplacement firms have done little to adapt to the changing market – or to new opportunities made possible by technology.
“Today’s unacceptably long unemployment durations result not only from a lack of available jobs, but also from systematic inefficiencies in matching laid-off workers with open positions,” Sathe explained. “RiseSmart has been keenly focused on solving this problem for workers through our Transition Concierge® outplacement solution -- the newest release of which was unveiled at the HR Technology Conference.”
Semantic Search and Social Network Integration
Transition Concierge 4.0 takes RiseSmart’s flagship offering to new levels of semantic search and social network integration, making it the first outplacement solution to harness the full weight of intelligent search technology, social media, and other pertinent job-finding tools to help laid-off employees back to work faster. In addition to matching jobseekers with relevant job openings, Transition Concierge now matches them with articles, videos and other content based on their industry and position; to appropriate job fairs, seminars and temporary staffing agencies in their geographic area; to the latest research on the companies they are targeting; and more.
Workers receive one-on-one assistance from trained HR professionals throughout the job-search process.
RiseSmart's focus on innovation has energized the $3 billion outplacement industry and earned Transition Concierge a growing roster of Fortune 500 clients.
RiseSmart provides next-generation outplacement and recruitment process outsourcing solutions. The company leverages a common technology platform, proven methodologies, and one-on-one support to help employers with their workforce strategy, and displaced employees with their career strategy. RiseSmart drives significant ROI to organizations by offering affordable pricing, reducing severance costs and unemployment taxes for outplacement services and reducing cycle time and cost of hire for recruiting services. For more information, visit http://www.RiseSmart.com.
RiseSmart, the RiseSmart logo, Transition Concierge, Transition Concierge To-Go, Recruit Concierge, Talent Assurance, Job Assurance, SmartConsult, SmartSource, SmartRedeploy, and Transitioning Talent. Changing Lives. are trademarks of RiseSmart, Inc. All other trademarks are the property of their respective owners.