outplacement

[out-pleys-muhnt]

out·place·ment

[out-pleys-muhnt]
noun
1.
counseling and assistance in finding a new job, provided by a company for an employee who has been or is about to be dismissed.
2.
an act or instance of outplacing.
3.
the state or condition of being outplaced.

Origin:
1965–70; out- + placement
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Outplacement is always a great word to know.
So is doohickey. Does it mean:
a chattering or flighty, light-headed person.
a gadget; dingus; thingumbob.
Collins
World English Dictionary
outplacement (ˈaʊtˌpleɪsmənt)
 
n
a service that offers counselling and careers advice, esp to redundant executives, which is paid for by their previous employer

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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