Healthcare Provider Update: Healthcare Provider for SkyWest SkyWest Airlines provides its employees with health insurance coverage through various insurance providers, including UnitedHealthcare and Blue Cross Blue Shield. The specific plans offered may vary by location and employment status, so employees are encouraged to consult the Human Resources department for detailed information about their healthcare options. Impact of Potential Healthcare Cost Increases in 2026 SkyWest employees should be prepared for significant healthcare cost increases in 2026, as projections indicate that ACA marketplace premiums may rise sharply. This surge, driven by the expiration of enhanced federal premium subsidies and escalating medical costs, could lead to premiums climbing by upwards of 60% in certain states. Particularly concerning for SkyWest employees is the forecasted average rise of over 75% in out-of-pocket premiums for subsidized enrollees, placing a considerable financial burden on those relying on ACA coverage. It is crucial for employees to reassess their healthcare plans early and consider the potential financial implications these changes may have on their budgets. Click here to learn more
'SkyWest 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.
'SkyWest 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 SkyWest are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many SkyWest 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 SkyWest 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 SkyWest.
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.
SkyWest 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 SkyWest and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to SkyWest 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 SkyWest, 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 SkyWest 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, SkyWest 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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- 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 401(k) plan offered by SkyWest?
The 401(k) plan at SkyWest is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How does SkyWest match employee contributions to the 401(k) plan?
SkyWest offers a company match on employee contributions, typically matching a percentage of what employees contribute up to a certain limit.
When can employees at SkyWest start contributing to the 401(k) plan?
Employees at SkyWest can begin contributing to the 401(k) plan after completing their initial onboarding period.
Is there a vesting schedule for SkyWest's 401(k) match?
Yes, SkyWest has a vesting schedule for the company match, meaning employees must work for a certain number of years before they fully own the matched funds.
What investment options are available in SkyWest's 401(k) plan?
SkyWest's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Can employees at SkyWest take loans against their 401(k) savings?
Yes, SkyWest allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
How can employees at SkyWest change their 401(k) contribution percentage?
Employees at SkyWest can change their 401(k) contribution percentage by accessing their account online or by contacting the HR department for assistance.
Does SkyWest offer financial education resources for employees regarding the 401(k) plan?
Yes, SkyWest provides financial education resources, including workshops and online tools, to help employees make informed decisions about their 401(k) savings.
What happens to the 401(k) savings if an employee leaves SkyWest?
If an employee leaves SkyWest, they can choose to roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the SkyWest plan, depending on the plan's rules.
Are there any fees associated with SkyWest's 401(k) plan?
Yes, there may be administrative fees associated with managing the 401(k) plan at SkyWest, which are typically disclosed in the plan documents.