Does anyone remember the timing for last year’s buyout offer? I finally hit the 'magic number' and hoping for a repeat of last year’s offer.
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IIRC, the offers were made early enough that they were effective at the end of March (or maybe it was April?) .
I was going to take it if they'd let me move it end of August effective date because I wanted severance coverage through my next birthday for Social Security purposes but they wouldn't do it so I just did a normal retirement this March instead.
AS someone noted it's a different ballgame with a new CFO ....but there were 2-3 years between the last two VRBO offers also. I would not expect one this year - but who knows.
Layoffs are the new buyout.
We had layoffs a few weeks ago. Is it time for the almost yearly grandpa/grandma purge? Buyouts coming soon? The pickleball court is waiting!
"If the goal of RTO was to lower headcount they would lean into it and make it true RTO not a slight tweak to already existing hybrid policy."
I'd guess that lowering headcount is not a major goal of the change in policy, but inducing a small handful to pack it in and leave is probably viewed as a potential positive side effect.
@28s If the goal of RTO was to lower headcount they would lean into it and make it true RTO not a slight tweak to already existing hybrid policy.
As said in another thread RTO is this year’s tool to reduce head count. Buyouts may not be necessary to show “growth” this year, lol.
IIRC, the last couple of packages applied to EITHER age OR years of service.
Who ever said life was “fair”? :/
Honestly, it should be an age+years of service calculation. Why should a 60 year old who has been here 10 years get a package and a 58, 59 year old who's been here 35 years get nada? Makes no sense....
@aw lower it and it will be more magical.
Is 60 pretty typical at other companies? 55 sounds better :)
“And what was the magic number?”
And that magic number is 60.
what was last year's offer?
“Take it or leave it.”
And what was the magic number?
what was last year's offer?
Offers were made mid March just after bonuses. We have a different CFO now so all bets are off.