Healthcare Provider Update: Healthcare Provider for Nike For its employees, Nike primarily collaborates with UnitedHealthcare as its healthcare provider. This partnership facilitates access to a range of insurance plans that cater to the health needs of its workforce. --- Healthcare Cost Increases for Nike in 2026 In 2026, Nike employees may face significant increases in healthcare costs, as the Affordable Care Act (ACA) marketplace anticipates sharp premium hikes across the country. With some states projected to see premium increases exceeding 60%, Nike may adjust its benefits in response to soaring medical expenses. Factors such as the expiration of enhanced federal subsidies and ongoing medical cost inflation could force Nike to pass more expenses onto employees, making it crucial for workers to review their health plans and financial strategies ahead of these changes. As employers like Nike navigate these economic pressures, employees are urged to stay informed about potential impacts on out-of-pocket costs and consider their options thoughtfully. Click here to learn more
'Nike 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.
'Nike 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 Nike are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Nike 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 Nike 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 Nike.
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.
Nike 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 Nike and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Nike 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 Nike, 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 Nike 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, Nike 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 Nike offer to its employees?
Nike offers a 401(k) retirement savings plan to help employees save for their future.
Does Nike provide a company match for contributions made to the 401(k) plan?
Yes, Nike provides a company match on employee contributions to the 401(k) plan, which helps boost retirement savings.
What is the eligibility requirement for Nike employees to participate in the 401(k) plan?
Nike employees are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.
Can Nike employees choose how their 401(k) contributions are invested?
Yes, Nike employees have the option to choose from a variety of investment options within the 401(k) plan, allowing them to tailor their investment strategy.
What is the maximum contribution limit for Nike employees participating in the 401(k) plan?
The maximum contribution limit for Nike employees is set by the IRS and may change annually; employees should check the latest guidelines for the current limit.
Are there any fees associated with Nike's 401(k) plan?
Yes, like most 401(k) plans, Nike's plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.
Does Nike allow employees to take loans against their 401(k) savings?
Yes, Nike allows eligible employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What happens to my 401(k) savings if I leave Nike?
If you leave Nike, you can choose to roll over your 401(k) savings into another retirement account, cash out, or leave it in the Nike plan if allowed.
How can Nike employees access their 401(k) account information?
Nike employees can access their 401(k) account information through the companys designated retirement plan website or by contacting the plan administrator.
Does Nike offer any educational resources to help employees understand their 401(k) options?
Yes, Nike provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.