Wave 2.5 will happen on 9/28/2017
Notifications will be sent out the same day.
As usual if your requested to meet your manager in a conference room
or webex meeting, don't forget to pack.
Project Nickel Performance and 2017 STI
65% of STI is awarded if Molina meets the budgeted financial goals for 2017.
35% of STI will be awarded partially on meeting Project Nickel financial goals and partially on individual contributions to Project Nickel during 2017. The remainder of this document will relate to the 35% portion of STI.
• $175M savings will pay 10% of the 35%
• $225M savings will pay 20% of the 35%
• $275M+ savings will pay 30% of the 35% (if this is achieved bonus pool will increase 5%)
Manager Training manuel for the impacted worker
Conduct each conversation with the Molina standard of dignity and respect
Offer your full attention to each person (turn off cell phones, forward office phone calls, and close laptops)
Focus on the person being notified, avoiding personal apologies or equivocal language
Be empathic and understanding of each person’s reaction; each person may react differently, requiring differing amounts of time to process information
Consult checklist and FAQs prior to notifications for details
Hold conversations as with a trusted colleague
Conversations should be private, away from team if possible
Conversations to be brief (15-20 min)
Reiterate timing for Knowledge Transfer completion and content needed
Be available for follow-up questions and concerns—Ask for personal email and cell phone number to be reached if necessary
Script to use on employees offered a new comparable role
Molina is undergoing organizational redesign following challenging financial performance in an uncertain market
During this process we
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Expanded your [role, team, responsibility,] to include xxx. OR
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Have identified the following new position for you
Your salary for 2017 will not be affected until the annual review in the fall
IF individual indicates that they don't want the new role
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Note specific concerns
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"We will take your concerns under advisement in further redesign to see how we can address them"
IF individual indicates they would like a higher compensation or job level
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Molina is currently in a tough financial position and we are currently not in a position to offer more compensation
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In Q4 of this year, HR will conduct a comprehensive compensation and pay level review to align better with job equity and competition. Your compensation may or may not change based on that exercise
We are excited for you and your new role and believe that you possess the skills necessary to succeed in this new position
We look forward to building and shaping the future of Molina together
Severance, benefit continuation and other facts
Wage and benefit continuation
Most employees' term date will be 10/1/17, or later in some special cases
Employees remain active in HR Connect for salary and benefits continuation during WARN period
Severance Agreements
Revised severance guidelines for Project Nickel
Transitional Assistance amount per months of severance, based on position level
Employees are not to sign severance agreement until term date has passed
WARN – Worker Adjustment and Retraining Notification Act
Only applies at this time to CA MHI and MMM employees
Requires notification letter to employees
Requires notification to state and local government agencies and elected officials
Severance Chart
Severance Wage Continuation Months Severance Months Total Months Paid Transitional Assistance (Months) Transitional Amount per Month Total Transitional Amount (gross)
VP (10 yrs+) 2 10 12 10 $1,500 $15,000
VP (5-10 yrs) 2 7 9 7 $1,500 $10,500
VP (0-5 yrs) 2 4 6 4 $1,500 $6,000
AVP 2 3 5 3 $1,500 $4,500
Director 2 3 5 3 $1,100 $3,300
Manager 2 2 4 2 $1,100 $2,200
Supv& below (10+ yrs) 2 2 4 2 $1,100 $2,200
Supv& below (5-10 yrs) 2 1.5 3.5 1.5 $1,100 $1,650
Supv& below (0-5 yrs) 2 1 3 1 $1,100 $1,100
The Molina's is currently negotiating with with MOH to buy the clinics in California
and other states.
The Molina's new company name is Golden Shore Medical group