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Navigating Rehire Waves at Broadridge Financial Solutions: Strategies for Returning to Familiar Shores

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Healthcare Provider Update: Healthcare Provider for Broadridge Financial Solutions Broadridge Financial Solutions does not directly provide healthcare services; instead, it typically partners with major health insurers to offer comprehensive health insurance options to its employees. Employees at Broadridge often have access to plans from insurers like UnitedHealthcare, Anthem, Cigna, and others, depending on their location and specific employer agreements. Potential Healthcare Cost Increases in 2026 As 2026 approaches, significant healthcare cost increases loom for those enrolled in Affordable Care Act (ACA) marketplace plans. Premium rates are projected to rise sharply, with some states anticipating hikes of over 60%. This surge is influenced by escalating medical costs, such as hospital services and prescription drugs, alongside the potential expiration of enhanced federal subsidies. If these enhancements are not renewed, individuals could see their out-of-pocket healthcare expenses rise by over 75%, severely impacting access to affordable health coverage. For Broadridge Financial Solutions employees, it is crucial to assess the implications of these potential increases on their healthcare budgeting and coverage decisions. Click here to learn more

'Broadridge Financial Solutions 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.

'Broadridge Financial Solutions 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 Broadridge Financial Solutions are using technology to streamline rehiring.

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

Many Broadridge Financial Solutions 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 Broadridge Financial Solutions 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 Broadridge Financial Solutions.

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.

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

Ultimately, the decision to return to Broadridge Financial Solutions 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 Broadridge Financial Solutions, 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 Broadridge Financial Solutions 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, Broadridge Financial Solutions 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 type of retirement savings plan does Broadridge Financial Solutions offer to its employees?

Broadridge Financial Solutions offers a 401(k) retirement savings plan to help employees save for their future.

How does Broadridge Financial Solutions match employee contributions to the 401(k) plan?

Broadridge Financial Solutions provides a matching contribution to the 401(k) plan, typically matching a percentage of employee contributions, up to a certain limit.

Can employees of Broadridge Financial Solutions choose how to invest their 401(k) contributions?

Yes, employees at Broadridge Financial Solutions can choose from a variety of investment options for their 401(k) contributions, including stocks, bonds, and mutual funds.

What is the eligibility requirement for employees to participate in the 401(k) plan at Broadridge Financial Solutions?

Employees of Broadridge Financial Solutions are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

Does Broadridge Financial Solutions offer any educational resources for employees regarding their 401(k) plan?

Yes, Broadridge Financial Solutions provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.

What is the vesting schedule for the company match in Broadridge Financial Solutions' 401(k) plan?

The vesting schedule for the company match at Broadridge Financial Solutions typically follows a graded vesting schedule, meaning employees earn ownership of the match over a period of time.

Are there any fees associated with the 401(k) plan at Broadridge Financial Solutions?

Yes, there may be administrative and investment fees associated with the 401(k) plan at Broadridge Financial Solutions, which are disclosed in the plan documents.

Can employees take loans against their 401(k) balance at Broadridge Financial Solutions?

Yes, Broadridge Financial Solutions allows employees to take loans against their 401(k) balance, subject to certain terms and conditions outlined in the plan.

What happens to an employee's 401(k) account if they leave Broadridge Financial Solutions?

If an employee leaves Broadridge Financial Solutions, they can either roll over their 401(k) balance to another retirement account, leave it in the plan, or withdraw the funds, subject to tax implications.

Is there an automatic enrollment feature in the 401(k) plan at Broadridge Financial Solutions?

Yes, Broadridge Financial Solutions may offer an automatic enrollment feature, which automatically enrolls eligible employees in the 401(k) plan unless they opt out.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Broadridge Financial Solutions announced a major restructuring plan, including significant layoffs and changes to their pension plans. This includes a shift towards a more technology-focused workforce and adjustments to their defined benefit plans.
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For more information you can reach the plan administrator for Broadridge Financial Solutions at 2 Journal Square Plaza Jersey City, NJ 7306; or by calling them at +1 201-907-3000.

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