Sun Life Financial Provides Outplacement Resources Program for Group Benefits Customers - Insurance News | InsuranceNewsNet

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June 22, 2009 Life Insurance News
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Sun Life Financial Provides Outplacement Resources Program for Group Benefits Customers

WELLESLEY, Mass.--(BUSINESS WIRE)-- The Employee Benefits Group division of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF) is now offering a new, comprehensive outplacement resources program to its customers enrolled in the ComPsych employee assistance program (EAP). The OutplacementResourcesSM program, available through ComPsych® Corporation, is a cost-effective benefit that includes information, tools and resources to help former employees in transition as well as human resources managers.

“We know that employers are looking for innovative ways to support employees in today’s economic climate,” said Scott Beliveau, VP, Multi-Line Product Center. “By working with ComPsych, we are able to extend additional, cost-effective benefits to employers that are vital to maintaining morale, as well as providing employees with valuable tools for their transition.”

OutplacementResources is designed for organizations of all sizes that wish to support former employees of all levels and provide them with practical, effective job-hunting skills. The program includes three components:

  • Personalized support for each participant in the form of one-on-one guidance. Up to three coaching sessions with an outplacement expert (conducted through telephone) can be used for resume review, tips and suggestions for improvement and career planning guidance.
  • An extensive guide for transitioning employees that covers topics such as skills self-assessment, using technology to job hunt, resume writing skills and preparation for successful interviewing.
  • A web-based workshop presented by a ComPsych training professional that walks participants through the job search process and offers tools for self assessment and goal setting.

This outplacement services program is now available to Sun Life’s customers who are enrolled in the EAP program offered through ComPsych. Based on the partnership, this service will provide an exclusive discount for Sun Life customers. Comprehensive EAP programs – including a wide range of work-life services – are offered to all of Sun Life’s group life, long-term disability (LTD), short-term disability (STD) and self-insured customers.

About Sun Life Financial

Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of March 31, 2009, the Sun Life Financial group of companies had total assets under management of US $297.5 billion.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under ticker symbol SLF. Visit Sun Life Financial’s website at www.sunlife-usa.com.

About ComPsych

Founded in 1984, ComPsych is the world’s largest provider of global employee assistance programs (EAPs) and is the pioneer and leading provider of fully integrated EAP, behavioral health, wellness, work-life, crisis intervention services and outsourced HR solutions under the GuidanceResources brand. ComPsych provides services to more than 29 million individuals and 11,000 organizations throughout the U.S. and 97 countries. Clients range from the Fortune 500 to smaller public and private concerns as well as government entities and Taft-Hartley groups. ComPsych creates “Build-to-Suit” programs which help employers attract and retain employees as well as improve employee productivity and performance. For more information, visit www.compsych.com.

SLPC 20530 (6/09)

Exp. 6/11

Sun Life Financial

Jennifer Posterro, 781-446-1964

[email protected]

Source: Sun Life Financial

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