If someone gets displaced say on Tuesday, August 19, does that mean they can interview for a job but tell the prospective employer they can start on October 20th? 61 days after the displacement..
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@cp there are employment verification services. IIRC, experian has a ton of your employment info including salary, decisions etc. unless you lock it down any potential employer has access to it including wells.
Not worth the risk of losing severance over a few week delay of starting a new job.
If they find out you started a job before the notice period ends, they could claw it back. Once the 60 days ends, you are no longer a WFC employee and can start a job wherever and the severance is still yours, regardless of whether you took it as a lump sum or not.
@d2 Curious, if you take the "Pay me my money!" lump sum and start a new job after 60 days non-working/working does WF then claw back the severance payment?
in the last 10+ years I've never had a job interview process where the time from first interview to offer was less than a month. Best case scenarios have always been 6-8 weeks. I'd only be worried about start date and losing severance on the off chance I was knee deep in the hiring process at the time I was laid off. While the new company may not want to wait up to 60 days to on board you, if they made you an offer they won't want to have to go through the hiring process again. have a conversation with them. Add up the total dollar amount in severance you would potentially lose and if they want you to start tomorrow perhaps you can negotiate a signing bonus. This is one of the few times where you have some leverage.
I would probably just say, for the first month or so of notice period, only apply for jobs that are a slam-dunk, “I’d definitely take this job if offered, even if it means risking my severance”, type job. Then after a month, start applying for stuff you’d be willing to settle for to have a job, because there’s a good chance the hiring process at that point will take more than a month anyway, or at least a couple weeks and then will be cool with you starting a couple weeks after they offer.
I’d wait until notice period ends before expanding applications to “I’ll just take any job I can get and start tomorrow if they want me to” type jobs.
I want to hear exactly how WF goes about looking for and enforcing the severance
Snitching.
This is what ChatGPT thinks about this question:
Here are a few ways your employer might find out if you start a new job:
Employment Verification: Many new employers conduct background checks that include employment verification. As part of this process, they might contact your previous employers (potentially with your consent) to confirm your employment dates, job titles, and potentially other information.
Networking and Industry Connections: If your old and new jobs are in the same industry or even connected through professional networks, news of your job change can travel through colleagues and acquaintances.
Social Media: Updating your professional social media profiles (like LinkedIn) with your new job information can easily be seen by former colleagues and managers.
Benefits or Tax Information: If your new employer processes certain benefits or tax documents (like W-2s) that require your Social Security Number, your prior employer may be able to see that you are now employed elsewhere through shared data in systems like The Work Number, a database of employment and income information used for employment verification purposes.
Reference Checks: If you use your former colleagues or managers as references for your new position, your current employer might find out about your job search through them.
Word of Mouth: Sometimes, news of an employee leaving for a new role simply spreads through the workplace via conversations and gossip
Employment reference check with the vendor for potential new employer- reports back.
Yeah Big Brother will come after you. People come up with all kinds of way that Wells will haunt them in the future. Hey dude you all need to chill. Go on a vacation. Try to foget all the st..uff that went down at Wells. Get ready to join the real world. Start your healing process. It will vary person to person but all have been exposed to the toxic radiation of psychological abuse (against clients... against management) that Wells Fargo in ground center example for. Now your manager might have been "nice". Mine was. But managers manager? And your coworkers might have been ok. Mine mostly were. However the only way to get ahead in this organization is to spread fear. Radiate that toxicity. I got a job within 3 weeks. Double dipped. NBD. Wells has a lot bigger problems that to research you.
@bx I want to hear exactly how WF goes about looking for and enforcing the severance cancel when you start inside the 60 days. No vague hearsay about The Work Number but rather something more specific and/or even a story about it actually happening. We give them too much Big Brother mantle.
Correct. WF has know way of knowing what you are applying for or interviewing for, but they can confirm your start date. As long as it is after the 60 days has ended you have not done anything to break your severance agreement.
You're not supposed to take any new lovers within the 60 day period.
Unfortunately, nobody will wait for 61 days...
I assume so and you get severance.