Healthcare Provider Update: Colgate-Palmolive Healthcare Provider Overview Colgate-Palmolive offers its employees access to healthcare services through various providers, primarily utilizing national insurance carriers such as UnitedHealthcare and Aetna. These partnerships ensure comprehensive coverage for employees across their diverse health needs, including medical, dental, and vision care. Potential Healthcare Cost Increases for Colgate-Palmolive in 2026 In 2026, Colgate-Palmolive employees may face significant healthcare cost increases due to sharp rises in Affordable Care Act (ACA) premiums. As a result of factors such as the anticipated expiration of enhanced federal premium subsidies and accelerated medical inflation, many marketplace enrollees could see their out-of-pocket premiums rise by over 75%. These developments create a financial pressure point for employees, particularly for those considering early retirement, as they will need to account for escalating healthcare expenses in their financial planning. With states like New York expecting premium hikes of up to 66%, careful evaluation of healthcare options will be essential for maintaining financial stability. Click here to learn more
'Colgate-Palmolive 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.
'Colgate-Palmolive 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 Colgate-Palmolive are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Colgate-Palmolive 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 Colgate-Palmolive 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 Colgate-Palmolive.
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.
Colgate-Palmolive 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 Colgate-Palmolive and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Colgate-Palmolive 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 Colgate-Palmolive, 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 Colgate-Palmolive 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, Colgate-Palmolive 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 Colgate-Palmolive offer to its employees?
Colgate-Palmolive offers a 401(k) retirement savings plan to its employees.
Does Colgate-Palmolive provide matching contributions for its 401(k) plan?
Yes, Colgate-Palmolive provides matching contributions to help employees maximize their retirement savings.
How can employees enroll in the Colgate-Palmolive 401(k) plan?
Employees can enroll in the Colgate-Palmolive 401(k) plan through the company's benefits portal during the enrollment period.
What is the eligibility requirement to participate in Colgate-Palmolive's 401(k) plan?
Most employees are eligible to participate in Colgate-Palmolive's 401(k) plan after completing a specified period of service.
Can employees make changes to their contributions in the Colgate-Palmolive 401(k) plan?
Yes, employees can make changes to their contribution amounts at any time throughout the year in the Colgate-Palmolive 401(k) plan.
What investment options are available in the Colgate-Palmolive 401(k) plan?
The Colgate-Palmolive 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.
Does Colgate-Palmolive offer financial education resources for employees regarding their 401(k) plan?
Yes, Colgate-Palmolive provides financial education resources to help employees make informed decisions about their 401(k) savings.
At what age can employees start withdrawing from their Colgate-Palmolive 401(k) plan without penalties?
Employees can typically start withdrawing from their Colgate-Palmolive 401(k) plan without penalties at age 59½.
What happens to an employee's 401(k) plan if they leave Colgate-Palmolive?
If an employee leaves Colgate-Palmolive, they can choose to roll over their 401(k) balance to another retirement account or leave it in the Colgate-Palmolive plan, subject to certain conditions.
Are there loan options available through the Colgate-Palmolive 401(k) plan?
Yes, Colgate-Palmolive allows employees to take loans against their 401(k) savings under specific circumstances.