outplacement

noun
out·​place·​ment | \ ˌau̇t-ˈplās-mənt How to pronounce outplacement (audio) , ˈau̇t-ˌplās- \

Definition of outplacement

: the process of easing unwanted or unneeded executives out of a company by providing company-paid assistance in finding them new jobs

Examples of outplacement in a Sentence

Recent Examples on the Web New data from the Challenger Gray & Christmas outplacement services firm shows that the number of CEO departures from U.S. public companies leaped 56% in this year’s first quarter from a year earlier. Geoff Colvin, Fortune, 28 Apr. 2022 But so far, seasonal hires total just 378,200, about a 35 percent drop from last year, according to Challenger, Gray & Christmas, a career and job outplacement firm. NBC News, 6 Nov. 2020 Consider offering different benefits like outplacement services to departing employees to help calm any immediate fears. Darren Kimball, Forbes, 28 Jan. 2022 In December, 106 CEOs left their posts, according to a monthly tracker conducted by executive outplacement firm Challenger, Gray & Christmas, which noted that this October’s 142 CEO departures was the second-highest month on record. NBC News, 18 Jan. 2022 In 2021, employers announced plans to cut about 320,000 jobs, a decrease of 86% from the 2.3 million jobs that were eliminated in 2020, according to outplacement firm Challenger, Gray & Christmas. Aimee Picchi, CBS News, 6 Jan. 2022 This year, in a survey of 182 human resources executives, 27% said their companies would hold in-person events, up from 5% in 2020, according to Challenger, Gray & Christmas, Inc., an outplacement firm. Ray A. Smith, WSJ, 7 Dec. 2021 The severance package for Connecticut employees will include an average of 38.5 weeks of pay and outplacement services. Jessika Harkay, courant.com, 7 Aug. 2021 In a July survey by Challenger, Gray & Christmas, a global outplacement firm, 172 leaders in human resources and business were asked what was driving so many to quit. Dallas News, 6 Aug. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'outplacement.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of outplacement

1948, in the meaning defined above

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Time Traveler for outplacement

Time Traveler

The first known use of outplacement was in 1948

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Dictionary Entries Near outplacement

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outplacement

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Statistics for outplacement

Last Updated

10 May 2022

Cite this Entry

“Outplacement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/outplacement. Accessed 18 May. 2022.

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More from Merriam-Webster on outplacement

Nglish: Translation of outplacement for Spanish Speakers

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