outplacement

[ out-pleys-muh nt ]
/ ˈaʊtˌpleɪs mənt /

noun

counseling and assistance in finding a new job, provided by a company for an employee who has been or is about to be dismissed.
an act or instance of outplacing.
the state or condition of being outplaced.

Origin of outplacement

First recorded in 1965–70; out- + placement

Words nearby outplacement

British Dictionary definitions for outplacement

outplacement
/ (ˈaʊtˌpleɪsmənt) /

noun

a service that offers counselling and careers advice, esp to redundant executives, which is paid for by their previous employer