Healthcare Provider Update: Healthcare Provider for Brunswick: Brunswick Corporation, a well-known manufacturer in the marine and recreational products industry, provides healthcare benefits through its corporate plan in partnership with major insurance providers, including UnitedHealthcare and Blue Cross Blue Shield. Employees typically have access to a variety of coverage options tailored to meet their individual needs. Potential Healthcare Cost Increases in 2026: As Brunswick employees prepare for 2026, they should brace for significant healthcare cost increases resulting from anticipated surges in ACA marketplace premiums. With reports indicating some states may experience hikes exceeding 60%, the landscape of health insurance is shifting dramatically. The potential expiration of enhanced federal premium subsidies is poised to exacerbate the situation, with studies showing that up to 92% of marketplace enrollees could face out-of-pocket premium hikes of over 75%. This combination of factors indicates that Brunswick employees may need to reevaluate their healthcare strategies to manage and mitigate these impending financial impacts effectively. Click here to learn more
'Brunswick 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.
'Brunswick 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 Brunswick are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Brunswick 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 Brunswick 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 Brunswick.
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.
Brunswick 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 Brunswick and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Brunswick 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 Brunswick, 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 Brunswick 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, Brunswick 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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- Corporate Employees: 8 Factors When Choosing a Mutual Fund
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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)
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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 Brunswick's 401(k) Savings Plan?
The primary purpose of Brunswick's 401(k) Savings Plan is to help employees save for retirement by providing a tax-advantaged way to contribute a portion of their salary.
Does Brunswick match employee contributions to the 401(k) Savings Plan?
Yes, Brunswick offers a matching contribution to the 401(k) Savings Plan, which helps employees maximize their retirement savings.
How can employees enroll in Brunswick's 401(k) Savings Plan?
Employees can enroll in Brunswick's 401(k) Savings Plan by completing the enrollment process through the company’s benefits portal or by contacting the HR department for assistance.
What are the eligibility requirements for Brunswick's 401(k) Savings Plan?
Employees are generally eligible to participate in Brunswick's 401(k) Savings Plan after completing a specified period of service, as outlined in the plan documents.
What types of investment options are available in Brunswick's 401(k) Savings Plan?
Brunswick's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Can employees change their contribution percentage to Brunswick's 401(k) Savings Plan?
Yes, employees can change their contribution percentage to Brunswick's 401(k) Savings Plan at any time, subject to the plan's guidelines.
What is the vesting schedule for employer contributions in Brunswick's 401(k) Savings Plan?
The vesting schedule for employer contributions in Brunswick's 401(k) Savings Plan varies based on the length of service, as detailed in the plan documents.
How often can employees access their account statements for Brunswick's 401(k) Savings Plan?
Employees can access their account statements for Brunswick's 401(k) Savings Plan online, typically on a quarterly basis, or they can request them at any time.
Are loans available through Brunswick's 401(k) Savings Plan?
Yes, Brunswick's 401(k) Savings Plan may allow employees to take loans against their vested account balance, subject to certain conditions and limits.
What happens to an employee's 401(k) Savings Plan account if they leave Brunswick?
If an employee leaves Brunswick, they can choose to roll over their 401(k) Savings Plan account to another retirement account, cash out, or leave the funds in the plan, depending on the plan's rules.