Laid-Off Workers Find New Jobs Twice as Fast with RiseSmart‘s Transition Concierge™, Study Shows

July 8, 2010

RiseSmart, a leading provider of next-generation outplacement and recruitment process outsourcing solutions, said today that its Transition Concierge™ outplacement solution is placing laid-off workers in new jobs twice as fast as the national average, according to June 2010 data.

Workers in the Transition Concierge program find new employment in an average of 18 weeks, or approximately four months, the latest RiseSmart survey data shows. According to the Bureau of Labor Statistics, the seasonally adjusted average duration of unemployment in June was 35 weeks.

“In this difficult economy, RiseSmart’s Transition Concierge has been a lifeline for thousands of Americans, guiding them from one job to the next,” said Sanjay Sathe, founder and CEO of RiseSmart. “By helping individuals find new jobs faster, we have brought relief to those who might otherwise have missed a mortgage payment, been forced to tap their 401(k), or suffered other financial hardships.”

Transition Concierge leverages technology, together with one-on-one support, to optimize time-to-placement. Powered by proprietary aggregation and semantic search tools, the virtual solution delivers highly personalized job leads to each employee on a weekly basis. Employees have access to one-on-one assistance during every step of the job-finding process.

Transition Concierge’s success runs counter to national trends. Of the 15 million Americans currently unemployed, more than 7 million have been out of work for more than six months, and nearly 5 million for an entire year. In the past year alone, the percentage of unemployed workers who have been jobless for six months or more has doubled.

“These statistics show that Transition Concierge matters -- for employees as well as employers,” Sathe said. “Employees never forget an employer who helped them get back on their feet after a layoff. And employers achieve the quantifiable benefits of reduced unemployment taxes and severance costs in return for their investment.”

For more information, visit www.RiseSmart.com.

RiseSmart Social Media:

Twitter: @RiseSmart
Facebook: www.Facebook.com/RiseSmart
Blog: www.RiseSmart.com/Blog

About RiseSmart

RiseSmart is the leading provider of next-generation outplacement solutions. The company leverages a cloud-based technology platform, proven methodologies and one-on-one support to help employers with their workforce strategy, and displaced employees with their career strategy. RiseSmart drives significant ROI to organizations by offering affordable pricing while reducing unemployment insurance taxes and severance costs. RiseSmart has received a wide range of awards and recognition from organizations including Bersin by Deloitte, the Best in Biz, Gartner Inc., the Golden Bridge Awards, LAROCQUE, the Momentum Index, Red Herring, the San Francisco Business Times, SiliconIndia, the Silicon Valley/San Jose Business Journal, the Stevie Awards and TIE.

RiseSmart, the RiseSmart logo, Transition Concierge, Transition Concierge To-Go, SmartRedeploy, Recruit Concierge, Talent Assurance, Job Assurance, SmartConsult, SmartSource, and Transitioning Talent. Changing Lives. are trademarks of RiseSmart, Inc. All other trademarks are the property of their respective owners.

For more information, visit http://www.RiseSmart.com.

Contacts

for RiseSmart:
Woody Mosqueda, 408-993-9113
woody@lmgpr.com