RiseSmart: Next-Generation Outplacement Solutions
Date: Wednesday , November 02, 2011
Employers looking to lower expenses through reductions in force can lose sight of the fact that layoffs have a price too, in the form of severance costs, COBRA plans, discrimination claims, even lawsuits. And for every week a laid-off employee is out of work, companies can expect their future unemployment insurance tax obligations to grow. With the national unemployment time frame currently at 40 weeks, this can cause a major hit to the bottom line. Traditional outplacement providers offer low-return services such as group counseling, but leading-edge outplacement solutions take a more modern, results-oriented approach.
Founded in 2006 by Sanjay Sathe, RiseSmart is putting America back to work. Leveraging cloud-based technology, proven methodologies and one-on-one support, RiseSmart helps employers as well as their displaced employees. Its Transition Concierge solution is the first to harness the full weight of intelligent search technology and other pertinent job-finding tools to help get laid-off employees back to work faster. Transition Concierge combines proprietary semantic matching technology with expert filtering and candidate communication. It delivers highly personalized job leads as well as other job-search tools to eligible employees on a weekly basis. Laid-off workers have access to one-on-one assistance from trained specialists during every step.
Transition Concierge has earned industry-wide praise for changing the way companies manage and measure their employee transition programs. The new Transition Concierge 5.0 integrates the latest in social media, among other tools, to help jobseekers find jobs faster and employers achieve greater accountability in their outplacement programs.
RiseSmart currently serves customers of widely varying sizes in 29 unique industry segments, including retail, information and technology, financial services, engineering, news services, food, pharmaceuticals and healthcare.