June 27, 2024
In the fiercely competitive iGaming space, attracting top talent is crucial for success. Talent acquisition specialists, like Pentasia and Conexus Human Capital understand this. We offer a comprehensive suite of services to support your talent strategies and ensure you find the perfect fit. But what happens at the end of the employee lifecycle? Does your strategy extend beyond onboarding and into the often-overlooked territory of offboarding?
Outplacement: The Missing Piece of the Talent Management Puzzle
Many companies view offboarding – particularly during layoffs or restructuring – as a necessary but impersonal box-ticking exercise. However, this perspective misses a key opportunity. Outplacement services, which provide departing employees with career coaching, skill development, and job search assistance, are far more than just a severance perk. They are a strategic investment in your employer brand and a vital piece of a holistic talent management strategy.
iGaming companies need strong employer brands. It's not just about attracting new talent in a competitive space; it's about building a culture that engages employees throughout the entire employee lifecycle, and managing company reputations. Offering outplacement services demonstrates that your company cares about its people, even after their employment ends. This positive sentiment extends far beyond the departing employee, touching your remaining workforce and reaching potential hires who research your company culture.
The Strategic Advantages of Holistic Talent Management
Looking beyond the immediate benefits of an improved employer brand, a holistic approach that considers the entire employee lifecycle offers strategic advantages:
● Reduced Risk of Litigation: Outplacement services can help mitigate the risk of wrongful termination lawsuits by demonstrating a fair and supportive approach to workforce transitions.
● Boosted Employee Morale: A strong offboarding program shows remaining employees that the company values its people, leading to increased morale and loyalty.
● Enhanced Employee Retention: A strong offboarding program demonstrates a commitment to treating employees fairly, even during transitions. This builds trust within the existing workforce, reducing turnover and associated recruitment costs.
● Engaged Talent Pool: By supporting departing employees in their job search, you create a network of well-placed alumni who might consider returning to your company in the future.
Tailoring Outplacement for the iGaming Industry
The specific needs of the iGaming industry can be addressed through customised outplacement programs. These programs can focus on developing in-demand skills like data analysis, player acquisition, and regulatory compliance, making departing employees even more attractive to potential employers within the sector.
Leveraging Industry Networks: To provide this specialist support, partner with human capital providers who possess deep connections within the iGaming space. These partners can extend their services beyond initial placement to support departing employees by:
● Identifying relevant job opportunities: Their industry knowledge allows them to target companies with specific hiring needs that match the departing employee's skillset and experience.
● Facilitating networking introductions: These connections can open doors to potential employers and help departing employees build relationships within the industry.
● Providing industry-specific career coaching: Drawing on their expertise in the iGaming landscape, partners can tailor career coaching to address the unique challenges and opportunities faced by transitioning employees within the sector.
At the same time, they can also help you manage your employer brand, especially during times of change. They can implement feedback loops and other strategies to gather valuable insights, improve company practices, and ultimately, strengthen your employer brand.
How We Can Help
If you would like to learn more about outplacement services and how to manage the offboarding process, please get in touch with our team. As specialists in the iGaming space, we can work with you and your departing employees to ensure a smooth and positive experience for all.