The growth behind the global outplacement services market is driven by the safety against litigation, economic feasibility, and mass hiring by companies, and frequent layoffs. According to the reports of Verified Market Research, Outplacement Services Market size was valued at USD 1,733.28 million in 2022 and is projected to reach USD 3,750.63 million by 2030, growing at a CAGR of 7.41% from 2023 to 2030. Outplacement services are frequently used by many enterprises when they anticipate making layoffs or planning to restructure the organization. These solutions are created to support departing employees so they may find their new roles as quickly as possible.
Outsourcing agencies offer assistance to former employees’ changeover to new jobs and assist them in re-orient themselves in the job market. Furthermore, outplacement services provide practical and emotional specialist career coaching support and permit an individual to circumnavigate the competitive job market and circulate into an appropriate new occupation as soon as possible. In this regard, APAC region is one of the major contributors to the global outplacement services market. Japan, Australia, and China are ranked among the ten excellent performing markets in both agency work and direct recruitment.
This edition of Manage HR APAC features “Top 10 Outplacement Service Providers in APAC 2022, ” and brings the spotlight onto some of the key developments in the space and how companies are leveraging outplacement services to boost their growth. The magazine highlights companies like Career Crossroads International and its valuable insights on identifying individuals’ ‘value’ and ‘fits’ which in turn help them to secure long-term employment and have a fulfilled career. Likewise, the edition also showcases the Japanese executive recruitment agency, Leverage that offers consulting and outsourcing services throughout Asia.
The edition features thought leadership articles from Dr. James Allen, Eric Low, and Lisa Qonita among others who have imparted their opinions on how outplacement services can boost long term wellbeing of organizations.