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'American Water Works employees should view rehiring opportunities not just as a return to familiar ground, but as a strategic career move to leverage experience and negotiate improved terms, especially in today's fluid labor market,' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement Group.
'American Water Works employees navigating rehiring offers should carefully assess their financial goals and career growth opportunities before returning, turning workforce shifts into a strategic advantage,' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement Group.
In this article, we will discuss:
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Evaluating whether to return to a former employer after a layoff.
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How companies like American Water Works are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many American Water Works employees, along with others in the energy sector, have experienced the flux of being laid off and then rehired, reflecting the unpredictable waves of the labor market. Notably, even industry giants like American Water Works have been part of this trend, recalling employees to navigate through the changing economic landscapes and operational needs.
The decision to return isn't merely about accepting a job offer; it involves a thorough assessment of one’s financial status and other available job prospects. Career adviser Debra Wheatman recommends that individuals evaluate their current financial health and job market opportunities to make a well-informed decision.
Gaining a bit of leverage is often a part of this process. As Wheatman points out, returning employees might have the opportunity to negotiate better terms than before, potentially leading to improved roles, higher compensation, or more stable job conditions at American Water Works.
However, individual stories reveal diverse experiences. For example, after a brief layoff from a marketing agency, Jessica Swenson chose to return as a contractor, finding that the flexibility better suited her career aspirations, emphasizing the growing importance of adaptability in professional settings.
Conversely, Kristie Jones, who dealt with an impersonal layoff process, opted not to return to her previous employer, moving instead into consultancy. This shift underscores a common path for many who seek independence after corporate disenchantments.
American Water Works is leveraging advanced technologies like artificial intelligence through platforms like Visier, which meticulously track employment records to streamline the rehiring process. This methodical approach aids in aligning qualified candidates with suitable positions efficiently, utilizing detailed data analysis [source needed].
Moreover, the corporate recognition of rehiring's advantages, such as reduced onboarding time and familiarity with company culture, is increasing. Reemployed individuals often adapt more quickly and cost-effectively, providing a quicker return on investment for the company.
The manner in which layoffs are executed is crucial, as it affects the likelihood of rehiring. Fostering a respectful layoff process helps preserve professional relationships and keeps a pool of potential candidates ready for when market conditions favor reemployment.
Matt Massucci, CEO of Hirewell, notes that the reasons behind a separation—be it performance issues, strategic shifts, or economic factors—greatly influence rehire possibilities. Both American Water Works and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to American Water Works should come after thoughtful consideration of the pros and cons, influenced by the initial separation's circumstances. As the labor market evolves, such decisions are increasingly viewed as strategic career moves rather than mere opportunities.
The concept of 'unretirement' is becoming prevalent, especially among older workers nearing retirement age. A significant portion of retirees reenters the workforce, driven by the need for engagement or financial necessities. Companies, including American Water Works, appreciate the unique perspectives and reliability that seasoned professionals bring during turbulent economic periods.
Explore how to handle rehire proposals and draw on your experience when considering a return to American Water Works after a layoff. Learn from others who have navigated this path successfully and understand how your familiarity with the company can reduce onboarding challenges and facilitate a smoother reintegration.
Reflecting on the labor market's fluid nature, consider the analogy of ocean tides. Just as tides ebb and flow, American Water Works might reduce its workforce during downturns but also reengage skilled professionals when conditions improve. For those seasoned in navigating these shifts, it presents an opportunity to reassess and potentially return to a familiar environment, equipped with experience and strategic foresight.
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- How Are Workers Impacted by Inflation & Rising Interest Rates?
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Source:
1. Weber, Lauren. 'The Company That Laid You Off Wants You Back. What Do You Say?' The Wall Street Journal , 24 Apr. 2025, www.wsj.com/articles/company-layoffs-rehiring-employees-2025 .
2. Cadmus, Jay. 'I Was Laid Off at 55 and Took 6 Months to Find a Job.' Business Insider , June 2024, www.businessinsider.com/laid-off-older-workers-rehire-job-hunt-2024-6 .
3. Schooley, Skye. 'Best Layoff Practices: Can You Lay Off and Hire at the Same Time?' Business News Daily , 23 Oct. 2023, www.businessnewsdaily.com/15785-layoff-rehire-best-practices.html .
4. Cook, Ian. 'Hiring After Layoffs: What Employers Need To Know.' Visier , 19 Sept. 2023, www.visier.com/blog/hiring-after-layoffs/ .
5. Fischman, Wendy. 'Rehiring Furloughed and Laid-Off Workers Post-Pandemic.' Potomac Law Group , 13 May 2020, www.potomaclaw.com/news-rehiring-furloughed-laid-off-workers .
What type of retirement savings plan does American Water Works offer to its employees?
American Water Works offers a 401(k) retirement savings plan to its employees.
How can employees of American Water Works enroll in the 401(k) plan?
Employees of American Water Works can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
Does American Water Works match employee contributions to the 401(k) plan?
Yes, American Water Works provides a matching contribution to employee 401(k) plan contributions, subject to certain limits.
What is the maximum contribution limit for the American Water Works 401(k) plan?
The maximum contribution limit for the American Water Works 401(k) plan is determined by IRS guidelines, which may change annually.
Can employees of American Water Works take loans against their 401(k) savings?
Yes, American Water Works allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.
What investment options are available in the American Water Works 401(k) plan?
The American Water Works 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
When can employees of American Water Works start withdrawing from their 401(k) accounts?
Employees of American Water Works can start withdrawing from their 401(k) accounts at age 59½, or earlier under certain circumstances.
Is there a vesting schedule for employer contributions in the American Water Works 401(k) plan?
Yes, American Water Works has a vesting schedule for employer contributions, which determines how much of the employer match employees are entitled to based on their years of service.
How often can employees of American Water Works change their 401(k) contribution amounts?
Employees of American Water Works can change their 401(k) contribution amounts at any time, subject to plan rules.
Does American Water Works provide educational resources for employees regarding their 401(k) plan?
Yes, American Water Works provides educational resources and tools to help employees understand their 401(k) plan and make informed investment decisions.