Global Outplacement Services Market
Global Outplacement Services Market Size and Forecast To 2025
According to Verified Market Research, The Global Outplacement Services Market is projected to grow at a CAGR of 6.2% from 2016 to 2025 to reach USD 2,374.4 Million in 2025 from 1,382.6 in 2016 by the end of the forecast period.
Outplacement service can be defined as an agency which is provided by reputed organizations, willing to support and provide provision to individuals who are exiting the business. Outsourcing agencies provide assistance to former employee’s transition to new jobs and help them re-orient themselves in the job market while recruitment agency is defined as a type of company that recruits new talent for open positions in the workforce. Outplacement services offer practical and emotional specialist career coaching support and enable an individual to circumnavigate the competitive job market and move into suitable new occupation as soon as possible.
Safety against litigation, economic feasibility, growing customizable services and frequent mass hiring & layoffs have been driving the global outplacement services market. On the other hand, risks of fraudulent agencies approach and privacy concerns might act as restraints for the overall market at a global level.
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