How much better is the voluntary offer compared to waiting for severance? It must be more attractive, or no one would take it, but what are the specific advantages? Does anyone have details? For clarity, I did not receive the offer, but I am curious how this approach incentivizes people to accept.
11 replies (most recent on top)
You would get 4 more weeks pay with the voluntary vs if u got involuntarily separated. That is the difference
How low can you go is the UHG motto
An entitled bunch 7 weeks is good for only 2 years of service. Better check that ego you are not all that
In my situation a taxed 7 week payout is complete sh-t. This job market is terrible
I’ve been with them for 2 years. If they offered me 7 weeks I would take it and immediately start applying elsewhere the day I agreed to that. 7 weeks is long enough for me to find another role.
Exactly the same boat I am in going on year 3 will only get the 7 weeks but don’t want to end up with nothing. The fact that this offer is one table leads me to believe they will be making major cuts
The severance they offered years back was 1 year for every year employed. If they are offering a volunteer buyout of only up to 20 weeks, I wouldn't take it if you've been here longer than 20 years. But here's the kicker, they don't pay you bi weekly for your number of weeks you are being given, they lump sum it and tax the h*ll out of it. Imagine the taxes being withheld on a check for 20 weeks of pay.
It depends on the number of years with the company. They provided a chart. Me for example have been with them for 30 years so I would get 30 weeks. It also depends on your pay grade as well.
sound like the normal 1 week for every year PLUS 4 weeks so severance is higher - however you may not be able to collect unemplyment.
I've been here 14 years. for me, the offer provides 18 weeks of pay, vs the normal severance of 14. everything else appears the same to me
I am an employee with this company and have only been here a littler over 2 years and was presented with this “ opportunity” on yesterday and if I take this out, I would get a d-mb 7 weeks of pay and that’s it. If I wait it out, I could get nothing.