out·place·ment (out pl s m nt)n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. |
outplacement [ˈaʊtˌpleɪsmənt]
n
(Business / Industrial Relations & HR Terms) a service that offers counselling and careers advice, esp to redundant executives, which is paid for by their previous employer
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