<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

Navigating Rehire Waves at Crane Holdings: Strategies for Returning to Familiar Shores

image-table

Healthcare Provider Update: Healthcare Provider for Crane Holdings Crane Holdings typically engages with a variety of healthcare providers, but specific contracts may vary based on their employee benefits structure. It is advisable for companies to work with major insurers such as UnitedHealthcare, Anthem, or Cigna to provide a competitive benefits package, especially in light of the upcoming healthcare cost changes expected in 2026. Potential Healthcare Cost Increases in 2026 As the healthcare landscape shifts, Crane Holdings should prepare for significant increases in health insurance premiums in 2026. With overarching trends indicating rises of over 60% in some regions due to the expiration of enhanced federal subsidies and escalating medical costs, many consumers-approximately 22 million-could face premiums surging by as much as 75%. Coupled with ongoing inflationary pressures in hospital and provider costs, strategic planning will be essential for mitigating financial impacts and ensuring continued coverage for employees. Click here to learn more

'Crane Holdings 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.

'Crane Holdings 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 Crane Holdings are using technology to streamline rehiring.

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

Many Crane Holdings 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 Crane Holdings 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 Crane Holdings.

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.

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

Ultimately, the decision to return to Crane Holdings 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 Crane Holdings, 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 Crane Holdings 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, Crane Holdings 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.

Featured Video

Articles you may find interesting:

Loading...

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 Crane Holdings offer to its employees?

Crane Holdings offers a 401(k) retirement savings plan to its employees.

Does Crane Holdings provide any matching contributions to the 401(k) plan?

Yes, Crane Holdings provides a matching contribution up to a certain percentage of the employee's salary.

What is the eligibility requirement for employees to participate in Crane Holdings' 401(k) plan?

Employees are eligible to participate in Crane Holdings' 401(k) plan after completing a specified period of service, typically 30 days.

Can employees of Crane Holdings choose how to invest their 401(k) contributions?

Yes, employees of Crane Holdings can choose from a variety of investment options for their 401(k) contributions.

Is there a vesting schedule for the matching contributions at Crane Holdings?

Yes, Crane Holdings has a vesting schedule for matching contributions, which means employees must work for a certain period before they fully own those contributions.

How often can employees change their contribution amounts to the 401(k) plan at Crane Holdings?

Employees at Crane Holdings can change their contribution amounts typically on a quarterly basis or as specified in the plan documents.

What is the maximum contribution limit for the 401(k) plan at Crane Holdings?

The maximum contribution limit for the 401(k) plan at Crane Holdings is aligned with IRS guidelines, which may change annually.

Does Crane Holdings allow for loans against the 401(k) plan?

Yes, Crane Holdings allows employees to take loans against their 401(k) balance under certain conditions.

What happens to an employee's 401(k) balance if they leave Crane Holdings?

If an employee leaves Crane Holdings, they can choose to roll over their 401(k) balance to another retirement account, cash it out, or leave it in the Crane Holdings plan if eligible.

Are there any fees associated with the 401(k) plan at Crane Holdings?

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

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Crane Holdings has announced changes to their 401(k) plan, including the addition of the JPMorgan Large Cap Growth Fund and the Fidelity Total Bond Fund to their investment options lineup. This is aimed at providing employees with better growth opportunities and more stable investment choices. The company also raised its full-year adjusted EPS guidance, reflecting a strong financial outlook which can positively impact the stability and potential growth of employee retirement benefits​
Restructuring Layoffs: Crane Holdings completed a significant restructuring with the separation of Crane Company and Crane NXT into two independent publicly traded companies as of April 2023. This separation is part of a strategic initiative to streamline operations and focus on core business segments. As a result, some layoffs and restructuring within the organization may occur, though specific numbers are not detailed in the available sources. The restructuring aims to enhance shareholder value and operational efficiency.
Employee Stock Options Crane Holdings offers stock options to eligible employees as part of its equity compensation plan. These stock options provide employees the right to purchase shares of Crane Holdings at a predetermined price, typically referred to as the exercise or strike price. These options usually vest over a period, meaning that employees earn the right to exercise their options in increments over several years. For example, options granted in 2023 become exercisable at 25% on the first anniversary, 50% on the second anniversary, 75% on the third anniversary, and fully vested by the fourth anniversary. Crane Holdings’ stock options are available primarily to key employees, including executives and senior management, as a way to retain talent and align their interests with shareholders​ (CraneCo)​ (SEC.gov)​ (SEC.gov). Restricted Stock Units (RSUs) Crane Holdings also grants RSUs, which represent a promise to deliver shares of stock to employees upon the fulfillment of certain conditions, such as continued employment over a vesting period. For instance, RSUs granted in 2023 vest on December 31, 2025, contingent on Crane Holdings achieving specific performance criteria and the employee remaining with the company. These units do not require employees to pay an exercise price; instead, they are given shares outright after meeting the vesting conditions. RSUs are typically awarded to a broader group of employees, including senior executives and key contributors, to incentivize long-term performance and loyalty​ (SEC.gov)​ (CraneCo)​ (CraneCo).
Crane Holdings has made significant strides in its employee health benefits over the past few years. For the years 2022, 2023, and 2024, they have consistently aimed to provide comprehensive health coverage to their employees. Health Benefits Overview 2022: Crane Holdings focused on maintaining a robust health benefits package for its employees. They offered standard health insurance options, including medical, dental, and vision coverage. In addition to these, Crane provided supplemental insurances such as life insurance, disability insurance, and long-term care insurance, which employees could opt into during open enrollment periods at advantageous group rates​ (Home Page)​ (Business Wire). 2023: The company continued to enhance its health benefits, introducing more flexibility and additional coverage options. For instance, Crane Holdings improved its wellness programs, incorporating mental health support and telehealth services to better cater to the evolving needs of its workforce​ (CraneCo)​ (Home Page). 2024: In line with the latest trends, Crane Holdings expanded its benefits to include more personalized health management tools and resources. This included advanced health savings accounts (HSAs) and flexible spending accounts (FSAs), as well as incentives for participating in preventive health activities​
New call-to-action

Additional Articles

Check Out Articles for Crane Holdings employees

Loading...

For more information you can reach the plan administrator for Crane Holdings at 100 First Stamford Pl., Ste. 400 Stamford, CT 6902; or by calling them at 203-363-7300.

https://www.macroaxis.com/stock/CR/Crane-Company https://investors.craneco.com/Investors/press-releases/news-details/2023/Crane-Holdings-Co.-Completes-Financing-For-Upcoming-Separation/default.aspx https://investors.cranenxt.com/press-releases/news-details/2023/Crane-NXT-Co.-Completes-Separation-from-Crane-Company/default.aspx https://intellizence.com/insights/layoff-downsizing/leading-companies-announcing-layoffs-and-hiring-freezes/ https://investors.craneco.com/ https://investors.craneco.com/ https://www.sec.gov/ https://www.sec.gov/Archives/edgar/data/1944013/000119312522305284/d57439dex107.htm https://www.craneco.com/ https://www.theretirementgroup.com/featured-article/5448065/crane-holdings-professionals-be-aware-of-these-important-employee-benefits https://investors.craneco.com/ https://www.businesswire.com/news/home/20230510005561/en/Crane-Company-Reports-First-Quarter-2023-Results-and-Updates-Full-Year-Guidance/ https://www.craneco.com/ https://investors.craneco.com/

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Crane Holdings employees