Final answer:
Outplacement services are offered to employees after termination, providing assistance in résumé writing and coping with job loss. This contrasts with severance pay, divestiture, and retraining, which serve different purposes. The decision to offer outplacement services is often made during downsizing to help mitigate the impact of layoffs.
Option 'a' is the correct.
Step-by-step explanation:
Among post-termination financial considerations or benefits that assist impacted employees with concerns like résumé writing and accepting job loss, outplacement services are provided.
Outplacement aims to help laid-off employees transition to new jobs more smoothly and is often included in separation packages.
It includes services such as career counseling, job search assistance, and interviewing workshops. In contrast, severance refers to the pay and benefits an employee receives when their employment is involuntarily terminated, divestiture is the sale or liquidation of company assets or divisions, and retraining involves providing new skills or training to employees so they can take on different roles within the company or in a new industry.
Downsizing involves laying off employees to cut costs and can lead to structural unemployment, which occurs when the skills of workers do not match the needs of the companies.
Companies face the challenge of selecting who should be laid off, and sometimes, rather than implementing wage cuts across the board, they choose to let go of certain employees to maintain the quality of their workforce.
During times of financial struggle, outplacement services play a crucial role in mitigating the negative impacts of layoffs on employees, providing them with the necessary tools to re-enter the job market.