Healthcare Provider Update: Healthcare Provider for Cardinal Health Cardinal Health's operations primarily encompass the distribution of pharmaceuticals and medical products, but it does not operate as a traditional healthcare provider like a hospital or clinic. Instead, it partners with various healthcare providers, serving as a critical supply chain partner for hospitals, health systems, and pharmacies. Potential Healthcare Cost Increases in 2026 In 2026, healthcare costs are projected to rise significantly, impacting employees at Cardinal Health. Factors such as the expiration of enhanced federal subsidies and rising medical expenses are leading to substantial increases in insurance premiums, with some markets expecting hikes of over 60%. As a result, many employees may face higher out-of-pocket costs for their healthcare, necessitating careful planning and benefit review to mitigate this financial strain. Companies, including Cardinal Health, are likely to adjust their benefit structures to manage these cost pressures, leading to higher deductibles and coinsurance for workers. Click here to learn more
'Cardinal Health 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.
'Cardinal Health 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 Cardinal Health are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Cardinal Health 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 Cardinal Health 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 Cardinal Health.
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.
Cardinal Health 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 Cardinal Health and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Cardinal Health 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 Cardinal Health, 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 Cardinal Health 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, Cardinal Health 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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- 7 Things to Consider Before Leaving Your Company
- 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 is the 401(k) plan offered by Cardinal Health?
The 401(k) plan at Cardinal Health is a retirement savings plan that allows employees to save a portion of their earnings on a tax-deferred basis.
How does Cardinal Health match employee contributions to the 401(k) plan?
Cardinal Health offers a matching contribution to the 401(k) plan, where the company matches a percentage of employee contributions up to a certain limit.
What are the eligibility requirements for Cardinal Health's 401(k) plan?
Employees of Cardinal Health are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.
Can employees of Cardinal Health change their contribution percentages to the 401(k) plan?
Yes, employees can change their contribution percentages to the Cardinal Health 401(k) plan at any time, subject to certain guidelines.
What investment options are available in Cardinal Health's 401(k) plan?
Cardinal Health's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.
Is there a vesting schedule for Cardinal Health's 401(k) matching contributions?
Yes, Cardinal Health has a vesting schedule for matching contributions, which means employees must work for a certain number of years to fully own the matched funds.
How can employees access their 401(k) account information at Cardinal Health?
Employees can access their 401(k) account information through Cardinal Health's employee portal or by contacting the plan administrator.
What happens to my Cardinal Health 401(k) if I leave the company?
If you leave Cardinal Health, you can choose to leave your 401(k) funds in the plan, roll them over to another retirement account, or withdraw the funds, subject to tax implications.
Are there loan options available through Cardinal Health's 401(k) plan?
Yes, Cardinal Health allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.
What is the maximum contribution limit for Cardinal Health's 401(k) plan?
The maximum contribution limit for Cardinal Health's 401(k) plan is in line with IRS guidelines, which may change annually.