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Navigating Rehire Waves at Ashland: Strategies for Returning to Familiar Shores

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'Ashland 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.

'Ashland 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:

  1. Evaluating whether to return to a former employer after a layoff.

  2. How companies like Ashland are using technology to streamline rehiring.

  3. The strategic advantages for both employees and employers in the rehire process.

Many Ashland 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 Ashland 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 Ashland.

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.

Ashland 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 Ashland and its workforce must navigate these complexities with a clear understanding of each other's perspectives.

Ultimately, the decision to return to Ashland 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 Ashland, 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 Ashland 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, Ashland 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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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 the primary purpose of Ashland's 401(k) Savings Plan?

The primary purpose of Ashland's 401(k) Savings Plan is to help employees save for retirement by providing a tax-advantaged way to invest a portion of their income.

How can Ashland employees enroll in the 401(k) Savings Plan?

Ashland employees can enroll in the 401(k) Savings Plan by accessing the employee benefits portal or contacting the HR department for assistance.

Does Ashland offer a matching contribution for its 401(k) Savings Plan?

Yes, Ashland offers a matching contribution to the 401(k) Savings Plan, which helps employees maximize their retirement savings.

What types of investment options are available in Ashland's 401(k) Savings Plan?

Ashland's 401(k) Savings Plan typically offers a variety of investment options, including mutual funds, target-date funds, and company stock.

At what age can Ashland employees start withdrawing from their 401(k) Savings Plan without penalties?

Ashland employees can start withdrawing from their 401(k) Savings Plan without penalties at age 59½.

Can Ashland employees take loans against their 401(k) Savings Plan balance?

Yes, Ashland allows employees to take loans against their 401(k) Savings Plan balance, subject to certain terms and conditions.

How often can Ashland employees change their contribution percentage to the 401(k) Savings Plan?

Ashland employees can change their contribution percentage to the 401(k) Savings Plan at any time, subject to plan rules.

Is there a vesting schedule for Ashland's 401(k) matching contributions?

Yes, Ashland has a vesting schedule for matching contributions, which determines how much of the employer contributions employees are entitled to based on their years of service.

Can Ashland employees roll over funds from another retirement account into the 401(k) Savings Plan?

Yes, Ashland employees can roll over funds from other qualified retirement accounts into the Ashland 401(k) Savings Plan.

What is the maximum contribution limit for Ashland's 401(k) Savings Plan?

The maximum contribution limit for Ashland's 401(k) Savings Plan is set by the IRS and may change annually; employees should check the latest guidelines for the specific limit.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Ashland has announced a major restructuring plan aimed at streamlining operations and reducing costs. This includes significant layoffs and the consolidation of certain business units. Additionally, there are expected changes to employee benefits and pension plans.
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For more information you can reach the plan administrator for Ashland at 50 E RiverCenter Blvd #1900 Covington, KY 41011; or by calling them at +1 859-815-3333.

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