Healthcare Provider Update: Ametek's Healthcare Provider and Insights on 2026 Cost Increases Ametek utilizes various healthcare providers for its employee benefits, with notable participation in the Affordable Care Act (ACA) marketplace for health insurance. In 2026, Ametek employees may experience significant increases in healthcare costs due to a projected sharp rise in ACA premiums, with average rate hikes forecasted to hover around 20%. The combination of expiring federal premium subsidies and soaring medical expenses-partly driven by inflationary pressures on healthcare services-could lead to shocking out-of-pocket costs, with some policyholders facing premium increases of over 75%. As employees weigh their options, it is crucial to assess both employer-sponsored plans and ACA alternatives early to mitigate financial impacts. Click here to learn more
'Ametek 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.
'Ametek 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 Ametek are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Ametek 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 Ametek 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 Ametek.
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.
Ametek 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 Ametek and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Ametek 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 Ametek, 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 Ametek 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, Ametek 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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- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
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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 is Ametek's 401(k) plan?
Ametek's 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted, helping them to build a nest egg for retirement.
How can I enroll in Ametek's 401(k) plan?
Employees can enroll in Ametek's 401(k) plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.
Does Ametek match contributions to the 401(k) plan?
Yes, Ametek offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What is the maximum contribution limit for Ametek's 401(k) plan?
The maximum contribution limit for Ametek's 401(k) plan follows the IRS guidelines, which are updated annually. Employees should check the latest limits on the IRS website or through Ametek's benefits resources.
Can I change my contribution percentage to Ametek's 401(k) plan?
Yes, employees can change their contribution percentage to Ametek's 401(k) plan at any time, typically through the benefits portal.
When can I access my Ametek 401(k) funds?
Employees can access their Ametek 401(k) funds upon reaching retirement age, or in certain circumstances such as financial hardship, as outlined in the plan's guidelines.
What investment options are available in Ametek's 401(k) plan?
Ametek's 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose investments that align with their retirement goals.
How often can I change my investments in Ametek's 401(k) plan?
Employees can change their investment selections in Ametek's 401(k) plan at any time, subject to the specific rules of the investment options chosen.
Is there a vesting schedule for Ametek's 401(k) matching contributions?
Yes, Ametek has a vesting schedule for matching contributions, which means employees must work for the company for a certain period to fully own those contributions.
What happens to my Ametek 401(k) if I leave the company?
If an employee leaves Ametek, they have several options for their 401(k), including rolling it over to another retirement account, cashing it out (subject to taxes and penalties), or leaving it in the Ametek plan if eligible.