Outplacement provides assistance to employees who were laid off or terminated in finding new employment. This service is delivered by a third party. It is usually paid for by the former employer.
Business Dictionary.com, “Outplacement.” Online: http://www.businessdictionary.com/definition/outplacement.html (Retrieved on August 4, 2014)
Investopedia, “Outplacement.” Online: http://www.investopedia.com/terms/o/outplacement.asp (Retrieved on August 4, 2014)