Healthcare Provider Update: Healthcare Provider for Newell Brands: Newell Brands employees often utilize a healthcare plan through large national insurers such as UnitedHealthcare, Anthem, and Cigna. Specific offerings can vary based on the employee's location and the plan they choose, and Newell typically provides a comprehensive suite of benefits focused on preventive care, wellness, and prescription medications. Potential Healthcare Cost Increases in 2026: As we approach 2026, Newell Brands employees should brace for significant healthcare cost increases. Premiums in the ACA marketplace are anticipated to rise sharply, with some states seeing hikes over 60%. This surge is primarily driven by expiring federal subsidies and increasing medical costs, leading to a potential 75% increase in out-of-pocket expenses for individuals reliant on these plans. Employees should proactively review their benefit options and strategize to manage these heightened healthcare expenses, considering changes in deductibles and out-of-pocket maximums that employers may implement in response to rising costs. Click here to learn more
'Newell Brands 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.
'Newell Brands 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 Newell Brands are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Newell Brands 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 Newell Brands 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 Newell Brands.
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.
Newell Brands 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 Newell Brands and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Newell Brands 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 Newell Brands, 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 Newell Brands 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, Newell Brands 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
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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 plan does Newell Brands offer to its employees?
Newell Brands offers a 401(k) retirement savings plan to help employees save for their future.
Does Newell Brands match employee contributions to the 401(k) plan?
Yes, Newell Brands provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What is the eligibility requirement to participate in Newell Brands' 401(k) plan?
Employees of Newell Brands are typically eligible to participate in the 401(k) plan after completing a specified period of service, usually within the first year of employment.
How can Newell Brands employees enroll in the 401(k) plan?
Newell Brands employees can enroll in the 401(k) plan through the company’s HR portal or by contacting their HR representative for assistance.
What investment options are available in Newell Brands' 401(k) plan?
Newell Brands offers a variety of investment options within the 401(k) plan, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.
Can Newell Brands employees take loans against their 401(k) savings?
Yes, Newell Brands allows employees to take loans against their 401(k) savings, subject to the plan's terms and conditions.
What is the vesting schedule for Newell Brands' 401(k) matching contributions?
The vesting schedule for Newell Brands' 401(k) matching contributions typically follows a graded vesting schedule, which means employees earn ownership of the match over a period of time.
Are there any fees associated with Newell Brands' 401(k) plan?
Yes, Newell Brands' 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents provided to employees.
How often can Newell Brands employees change their contribution amounts to the 401(k) plan?
Newell Brands employees can change their contribution amounts to the 401(k) plan during designated enrollment periods or as allowed by the plan's rules.
What happens to my 401(k) savings if I leave Newell Brands?
If you leave Newell Brands, you have several options for your 401(k) savings, including rolling it over to another retirement account, cashing it out, or leaving it in the Newell Brands plan if allowed.