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Navigating Rehire Waves at ODP: Strategies for Returning to Familiar Shores

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Healthcare Provider Update: Healthcare Provider for ODP: ODP, also known as Office Depot, typically provides healthcare benefits through various national insurers. For 2026, major players like UnitedHealthcare, Anthem, and Cigna are critical as potential providers, particularly in light of the anticipated increases in healthcare costs affecting employees. Brief Overview of Potential Healthcare Cost Increases in 2026: In 2026, ODP employees may face significant healthcare cost increases as a result of soaring insurance premiums within the ACA marketplace and an overall rise in medical expenses. Reports indicate that some states could see premium hikes of over 60%, substantially affecting out-of-pocket costs for many individuals. Furthermore, the expiration of enhanced federal subsidies could lead to a staggering 75% increase in net premiums for the majority of ACA enrollees, emphasizing the need for employees to proactively evaluate their benefit options and financial strategies to manage these rising costs effectively. Click here to learn more

'ODP 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.

'ODP 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 ODP are using technology to streamline rehiring.

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

Many ODP 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 ODP 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 ODP.

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.

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

Ultimately, the decision to return to ODP 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 ODP, 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 ODP 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, ODP 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 is the ODP 401(k) Savings Plan?

The ODP 401(k) Savings Plan is a retirement savings plan that allows eligible employees to save for retirement through pre-tax and/or Roth contributions.

How can I enroll in ODP's 401(k) Savings Plan?

You can enroll in ODP's 401(k) Savings Plan by accessing the enrollment portal provided by ODP or by contacting the HR department for assistance.

What types of contributions can I make to ODP's 401(k) Savings Plan?

Employees can make pre-tax contributions, Roth contributions, and after-tax contributions to ODP's 401(k) Savings Plan.

Does ODP match employee contributions to the 401(k) Savings Plan?

Yes, ODP offers a matching contribution to eligible employees who participate in the 401(k) Savings Plan, helping to boost their retirement savings.

What is the vesting schedule for ODP's matching contributions?

The vesting schedule for ODP's matching contributions typically follows a graded vesting schedule, which means employees gradually earn ownership of the employer's contributions over time.

When can I start withdrawing from my ODP 401(k) Savings Plan?

Employees can begin to withdraw from their ODP 401(k) Savings Plan upon reaching the age of 59½, or under certain circumstances such as financial hardship or termination of employment.

Are there any penalties for early withdrawal from ODP's 401(k) Savings Plan?

Yes, if you withdraw funds from ODP's 401(k) Savings Plan before age 59½, you may incur a 10% early withdrawal penalty, in addition to regular income taxes.

Can I take a loan against my ODP 401(k) Savings Plan?

Yes, ODP allows employees to take loans against their 401(k) Savings Plan, subject to specific terms and conditions outlined in the plan documents.

How often can I change my contribution amount to ODP's 401(k) Savings Plan?

Employees can change their contribution amounts to ODP's 401(k) Savings Plan at any time, typically through the online portal or by contacting HR.

What investment options are available in ODP's 401(k) Savings Plan?

ODP's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

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