If there are RIFs coming, won’t they happen by the end of April so the 60 day notice is complete by July 1st? I thought the whole point was to get rid of people prior to raises going into effect?
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Does he usually have a two hour meeting with leaders?
IHS (Will Shrank) All leader town hall today 10-12 EST.
@xoc+1gryGTHR — Any updates? How did those meetings go?
If there is a RIF, you are ranked and compared with your peers on a variety of factors to rank where you stand
two weeks ago, my boss called and asked me on a scale was I not interested, somewhat interested or highly interested in a severance. I'm near retirement age but hadn't planned on retiring for a while. Then the next week he announced that there were going to be cuts and we were going to be rated against our peers. In the meantime I am seeing a lot of job postings, not only on sites like LinkedIn, but also within my department
Humana care support managers and directors were in a meeting this late afternoon. I guess we’ll know soon if anything is going to happen
What bothers me (and should be bothering any/all people who have been on a RIF so far). Why is Mr. Broussard the 6th highest paid CEO and still getting massive raises every year? That is not only shameful, but maybe he should take a cut and keep on a few peons (you know the workers)? Personally, I wish we could hear news sooner because this feels like a sinking ship and now we have to be in limbo another month. This doesn't bode well for productivity.
Earnings report seems to be good news
From an article yesterday…
Continuous investments undertaken by Humana for bringing about automation in processes and digital advancements might have weighed on its first-quarter bottom line. Yet, these advancements are necessary on the part of HUM for boosting operational efficiencies, member acquisition and retention rates.
Humana's medical costs are likely to have remained at normal levels in the to-be-reported quarter as the continued incidence of COVID-related costs might have been partially offset by lower non-COVID utilization in its Medicare Advantage business.
Humana's first-quarter top line is likely to reflect a well-performing Medicare Advantage business, a solid Medicaid footprint and increased contribution from healthcare service businesses. The Zacks Consensus Estimate for HUM's total medical membership is pegged at 17 million, which suggests growth of 0.5% from the prior-year quarter.
Regarding segmental performances, Humana's Retail segment is expected to have benefited from higher premiums and an uptick in individual Medicare Advantage membership in the to-be-reported quarter. The consensus mark for premiums in the segment stands at $20.5 billion, indicating an improvement of 10% from the year-ago quarter's reported number.
Well-performing group medical business combined with solid retention rates of existing members are likely to have provided a boost to Humana's Group and Specialty segment's performance. Also, the Healthcare Services segment may have gained on the back of Kindred at Home contribution and consistent growth in the pharmacy and primary care businesses.
Someone already posted about the Author program changes….and the whole salesforce mess…I don’t think they’re going to a huge sweeping layoff
RIFs can happen at any time. And they’re happening all the time. Some just have more people involved in them than others.
I wonder if that article that was on the hi page about the change in name and the amounts of people in the different roles in the program are/were an indication, if there is a layoff, of who is “safe”…
I've heard people managers will know what teams / business segments are being cut in a leadership meeting on wednesday afternoon, and then individual teams / segments will hear the news from their leaders on Thursday
Or maybe there is no RIF at all, since the last one addressed the overages in staff
My calendar says Earnings Call on Wednesday 4/27 then Home Solutions all team huddle on Thursday 4/28. Soooo that would fall right in line with the dates for us to be gone before raises.
Wondering this too. Some departments are over worked and some are under. Seems like there is work to be had but they need to balance things out. Based on the last time they gave raises and held them back like this though, a rif soon is still a good bet.