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What does outplacement mean?

Looking for the meaning or definition of the word outplacement? Here's what it means.

Noun
  1. the process of helping to find new employment for redundant workers, especially executives
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If you plan to work later, try to negotiate additional benefits such as career counseling and outplacement.
Otherwise, workers will be offered a package of enhanced severance, airline travel, extended medical benefits and professional outplacement.
Employees receive medical, dental, and life insurance benefits for 9 weeks after termination, and three months of outplacement assistance.
Workers who lose their jobs will receive a severance package and outplacement services, the firm added.
You can find them on the Web, at outplacement and headhunting firms, or even on the bulletin board of your local coffee shop.
Start by doing everything that your former employer's outplacement service recommends.

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