Healthcare Provider Update: Healthcare Provider for Hubbell Hubbell Incorporated typically partners with various health insurance providers depending on the specific employee benefits offered. Common providers in the industry include major insurers like Anthem, UnitedHealthcare, and Blue Cross Blue Shield, among others. The exact provider details may vary by location and the workforce's coverage needs. Potential Healthcare Cost Increases in 2026 As the healthcare landscape shifts in 2026, significant premium increases are anticipated for many consumers, influenced by a combination of rising medical costs and the potential expiration of enhanced federal ACA subsidies. With some states reporting premium hikes exceeding 60%, many families may face a staggering average rise of over 75% in their out-of-pocket costs. This perfect storm of factors challenges individuals and families to navigate an increasingly expensive healthcare environment, requiring strategic planning and early interventions to mitigate the financial impact. Click here to learn more
'Hubbell 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.
'Hubbell 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 Hubbell are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Hubbell 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 Hubbell 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 Hubbell.
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.
Hubbell 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 Hubbell and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Hubbell 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 Hubbell, 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 Hubbell 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, Hubbell 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
- Use of Escrow Accounts: Divorce
- 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)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
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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 purpose of Hubbell's 401(k) Savings Plan?
The purpose of Hubbell's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a tax-deferred basis.
How can I enroll in Hubbell's 401(k) Savings Plan?
You can enroll in Hubbell's 401(k) Savings Plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
What types of contributions can I make to Hubbell's 401(k) Savings Plan?
Employees can make pre-tax contributions, Roth (after-tax) contributions, and may also have the option for catch-up contributions if they are age 50 or older.
Does Hubbell offer a company match for the 401(k) Savings Plan?
Yes, Hubbell offers a company match for the 401(k) Savings Plan, which helps employees increase their retirement savings.
What is the vesting schedule for Hubbell's 401(k) company match?
The vesting schedule for Hubbell's 401(k) company match typically follows a graded vesting schedule over a period of years, which is outlined in the plan documents.
Can I take a loan from my Hubbell 401(k) Savings Plan?
Yes, employees may be eligible to take a loan from their Hubbell 401(k) Savings Plan, subject to the plan’s specific terms and conditions.
What investment options are available in Hubbell's 401(k) Savings Plan?
Hubbell's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and potentially other investment vehicles, depending on the plan's offerings.
How often can I change my contribution amount to Hubbell's 401(k) Savings Plan?
Employees can typically change their contribution amount to Hubbell's 401(k) Savings Plan at any time, subject to the plan's specific rules.
What happens to my Hubbell 401(k) Savings Plan if I leave the company?
If you leave Hubbell, you have several options for your 401(k) Savings Plan, including rolling it over to another retirement account, cashing it out, or leaving it in the plan if allowed.
How can I check my Hubbell 401(k) Savings Plan balance?
You can check your Hubbell 401(k) Savings Plan balance by logging into the plan’s online portal or by contacting the plan administrator.