Scotts Valley, California / January 31, 2013–JobEscrow, Inc., pioneers and inventors of the Employment Escrow industry, has launched their new service, Outplacement JobEscrow(TM), the recruiting industry’s first pay-for-performance outplacement service that helps laid-off employees find jobs.
There are nearly 4.8 million Americans who have been out of work for 27 weeks or more, according to the Labor Department. JobEscrow’s new Outplacement JobEscrow service gives employers “outplacement insurance” that ensures their outplacement budget will help laid-off employees find their next job sooner and more effectively.
JobEscrow gives employers brand protection by allowing them to place a reward of $500 or more in escrow for employers or recruiters who assist laid-off employees find their next job. JobEscrow works with the ex-employees to link their résumés to the escrow reward account. Employers then set the term date on the reward in escrow so any ex-employee unclaimed rewards are refunded to the employer. JobEscrow enables companies to deliver affordable outplacement regardless of your company size with their “employment escrow” pay-for-performance business model.
“Outplacement JobEscrow is unique because it works for companies of any size. It may be the only outplacement benefit an employer offers or it is in addition to traditional outplacement services. Best of all, it’s pay-for-performance so if the reward expires, the escrow closes and the reward is returned to the employer,” said Ken Winters, Co-Founder and CEO of JobEscrow.
Winters continued. “In 2002, I was responsible for downsizing a department of 120 down to 8 before laying myself off. I wanted to have something more to offer those employees and am excited to lead an offering today that will support those impacted while helping companies protect their employer brand while decreasing unemployment and COBRA expenses by helping expedite their laid-off employees land their next job.”
JobEscrow is the first to market with innovative and patent pending online marketplace applications and services that will transform the recruiting industry by introducing escrow as the new standard process for most contingent recruiting and outplacement.
JobEscrow launched Standard JobEscrow(TM) last fall. This ground-breaking service creates an online marketplace for employers and recruiters to do business in, where the recruiter fee is paid like an annuity, over time through an escrow account, contingent on the tenures of the new hires they place.
Pioneers and inventors of the new “Employment Escrow” industry, JobEscrow creates an online marketplace for employers and recruiters to do business in, where the recruiter fee is paid like an annuity, over time through an escrow account, contingent on the tenures of the new hires they place, as well as providing a new outplacement service where a monetary reward can be offered to those who help laid off employees get their next job. The first two patent pending services, Standard JobEscrow(TM) and Outplacement JobEscrow(TM) create trusted, social “business” networks where employers and recruiters can do business together in a fiscally responsible way and with hire expectations. For more information, go to https://www.jobescrow.com