The Impact of our Outplacement Support in 2024

Renovo has helped hundreds of leading organisations and thousands of people impacted by redundancy this year. With workforce change likely to increase in 2025 and with an ever-tightening job market, that support has never been needed more. So, if you’re looking at how you might want to support your people to move on quickly and successfully post redundancy next year, and you want to put them in safe hands, then we thought this might be of interest.

Industry leading outcomes

Over the last 12 months individuals on our Professional Outplacement Programmes have transitioned back into work within 70 days on average. This statistic is one we’re particularly proud of given the challenging conditions people have faced, due to continued economic and political uncertainty, which has created a highly competitive and shrinking job market.  We know that the quality of our support has been highly effective too, with 95% of people we helped telling us that our support had a positive impact on their career transition.

The value of our One Coach Approach

We know that the impact of our support is mainly driven by the quality of our outplacement services, and particularly our specialist Career Coaching. In fact, 96% of the people that we supported this year rated our coaching as ‘Good’ or ‘Excellent’, with 97% of individuals also recognising the value of having one coach throughout the entire process. From our feedback it’s this distinctive approach that enables the building of a strong working relationship with participants and a clear understanding of their specific career transition needs.

Best-in-class Careers Technology

Likewise, Renovo’s Career Transition Portal, Workfriend, has again proved hugely beneficial whether coupled with 1-2-1 coaching or used as a standalone resource. In total, 90% of the people we supported rated our careers technology as ‘Good’ or ‘Excellent’ and 92% reported the platform was easy to access and contained comprehensive resources. There was also strong reference to how valuable it was to have access to the Workfriend Mobile App which provides users with the latest careers advice and guidance ‘on the go’.

Reassuringly, over 70% of the employees we supported in 2024 reported that receiving outplacement support improved their perception of their former employee. So, whether you’re already using an outplacement service or are looking to partner with a best-in-class provider, our results demonstrate the value we deliver. If you would be keen to understand why over 94% of the people we support, would recommend our services to others, get in touch with our expert team today to schedule a confidential call.