outplacement

[out-pleys-muh nt]
noun
  1. counseling and assistance in finding a new job, provided by a company for an employee who has been or is about to be dismissed.
  2. an act or instance of outplacing.
  3. the state or condition of being outplaced.

Origin of outplacement

First recorded in 1965–70; out- + placement
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for outplacement

outplacement

noun
  1. a service that offers counselling and careers advice, esp to redundant executives, which is paid for by their previous employer
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012