What does outplacement provide to laid-off employees?

Outplacement services are designed to assist employees who have been laid off in their transition to new employment. The primary function of outplacement is to help these individuals navigate the job market more effectively, which typically includes personalized career counseling, resume writing assistance, interview preparation, and connections to potential job leads. This support can be crucial in helping laid-off employees regain their footing and find new opportunities more quickly.

While extended benefits post-employment, access to company financial records, and training for new skills might be relevant to various employment support programs, they do not specifically define outplacement. The core focus of outplacement is providing direct assistance in securing new employment, which is why the correct choice directly addresses the main purpose of such programs.