Healthcare Provider Update: Healthcare Provider for PENN Entertainment PENN Entertainment primarily offers health insurance plans through its partnership with UnitedHealthcare, among other options, to provide a range of healthcare benefits for its employees. Potential Healthcare Cost Increases in 2026 As we approach 2026, healthcare costs for PENN Entertainment employees are poised to rise significantly, driven by anticipated record increases in Affordable Care Act (ACA) premiums. Analysts expect average premium hikes to exceed 19% nationally, with some states reporting increases up to 66%. The looming expiration of enhanced federal premium subsidies could exacerbate these increases, potentially raising out-of-pocket costs for employees by 75% or more. As companies navigate these challenges, it may be imperative for employees to evaluate their health coverage options carefully and consider proactive measures to mitigate the anticipated financial impact. Click here to learn more
'PENN Entertainment 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.
'PENN Entertainment 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 PENN Entertainment are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many PENN Entertainment 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 PENN Entertainment 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 PENN Entertainment.
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.
PENN Entertainment 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 PENN Entertainment and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to PENN Entertainment 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 PENN Entertainment, 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 PENN Entertainment 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, PENN Entertainment 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
- How Are Workers Impacted by Inflation & Rising Interest Rates?
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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 types of retirement plans does PENN Entertainment offer to its employees?
PENN Entertainment offers a 401(k) retirement savings plan to help employees save for their future.
How can employees at PENN Entertainment enroll in the 401(k) plan?
Employees can enroll in the PENN Entertainment 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
Does PENN Entertainment match employee contributions to the 401(k) plan?
Yes, PENN Entertainment offers a matching contribution program for employee contributions to the 401(k) plan, subject to specific terms and conditions.
What is the maximum contribution limit for the PENN Entertainment 401(k) plan?
The maximum contribution limit for the PENN Entertainment 401(k) plan is in accordance with IRS guidelines, which may change annually.
Can employees at PENN Entertainment take loans against their 401(k) savings?
Yes, PENN Entertainment allows employees to take loans against their 401(k) savings, subject to the plan's rules and limits.
What investment options are available in the PENN Entertainment 401(k) plan?
The PENN Entertainment 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for employer contributions in the PENN Entertainment 401(k) plan?
Yes, there is a vesting schedule for employer contributions in the PENN Entertainment 401(k) plan, which determines when employees fully own those contributions.
How often can employees at PENN Entertainment change their 401(k) contribution amounts?
Employees at PENN Entertainment can change their 401(k) contribution amounts at designated times throughout the year, as specified in the plan guidelines.
What happens to my PENN Entertainment 401(k) if I leave the company?
If you leave PENN Entertainment, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the PENN Entertainment plan if permitted.
Are there any fees associated with the PENN Entertainment 401(k) plan?
Yes, there may be fees associated with the PENN Entertainment 401(k) plan, which can include administrative fees and investment management fees.