Outplacement Benchmarks for the Manufacturing Industry

When shopping for an outplacement provider, it can be incredibly helpful to understand what your potential provider’s benchmarks are for various industries. Benchmarks help you establish the overall success rate the provider has when helping your departing staff members transition into a new role. 

There are three major benchmarks to specifically look out for: landing rate (what percentage of participants go through the program and land a new role), engagement rate (how many of your displaced staff members sign up to continue the outplacement process after the program is presented to them), and satisfaction rate (how happy participants and clients are with their service). 

Careerminds’ outplacement service offers until placement, which means that we will never abandon participants midway through their transition. Because of this, our landing rate is incredibly high - nearly 100 percent. Of course, participants may change their minds and decide to halt their job search and stop receiving outplacement for other reasons, too. However, if a participant is still in the job hunt, we work with them every step of the way ensuring they will never go it alone. Typically, our participants land a new role in about 12 weeks on average.

For this reason (and many others), we happily have a 99 percent satisfaction rate. Careerminds is a true partner for all of our clients and participants. We not only help participants find new roles but we also work with HR and managers to understand how to hold reduction events from start to finish, enabling them to keep their employer brand intact while making tough choices. 

Finally, Careerminds has an 80 percent or above engagement rate with a typical first engagement happening within 24 hours of receiving the participant list, meaning that we get your staff members quickly onboarded to receive their outplacement support as soon as your organization is ready for us to get to work! 

All of this added together leads to a holistic, people-first approach to outplacement that meets the needs of the client and participant no matter what they are.