Understanding the need for outplacement

TO small and medium-sized enterprise (SME) owners, finding the right type and number of talent to hire can be a challenge. This applies to both skilled and unskilled workers. Considering that it is relatively easy to register a business in Singapore, it seems a shame that bosses are sometimes handicapped by the difficulty in finding the people to help them run the business.

At the other end of the spectrum, there are also challenges related to the "letting go" of employees. Most SMEs are likely to be growing, and therefore should be doing more hiring than firing, but there are situations where bosses have to bite the bullet and retrench employees, or terminate their services for various reasons.

Here are some typical situations: