Healthcare Provider Update: Healthcare Provider for Unum Group Unum Group primarily offers employee benefits programs, including group and individual health insurance plans. Their services focus on disability income protection, life insurance, and supplemental health insurance products, thus working with various healthcare providers and networks to support their employees and clients. Potential Healthcare Cost Increases in 2026 As health insurance premiums for Affordable Care Act (ACA) marketplace plans are projected to rise significantly in 2026, Unum Group employees are likely to feel the financial strain of increased healthcare costs. With some states expected to see premium hikes exceeding 60%, the loss of enhanced federal premium subsidies could affect over 22 million enrollees, pushing their out-of-pocket expenses up by more than 75%. This surge in costs arises from a convergence of rising medical expenses, insurer rate hikes, and potential regulatory changes, making it imperative for policyholders to reassess their healthcare options and prepare for the financial implications ahead. Click here to learn more
'Unum Group 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.
'Unum Group 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 Unum Group are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Unum Group 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 Unum Group 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 Unum Group.
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.
Unum Group 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 Unum Group and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Unum Group 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 Unum Group, 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 Unum Group 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, Unum Group 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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- Corporate Employees: 8 Factors When Choosing a Mutual Fund
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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 Unum Group?
The 401(k) plan offered by Unum Group is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted.
How can I enroll in the Unum Group 401(k) plan?
Employees can enroll in the Unum Group 401(k) plan by completing the enrollment process through the companys benefits portal or by contacting the HR department for assistance.
What is the employer match for the Unum Group 401(k) plan?
Unum Group offers a competitive employer match for contributions made to the 401(k) plan, which helps employees maximize their retirement savings.
When can I start contributing to the Unum Group 401(k) plan?
Employees at Unum Group can start contributing to the 401(k) plan as soon as they are eligible, typically after completing a certain period of employment.
What types of investment options are available in the Unum Group 401(k) plan?
The Unum Group 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Is there a vesting schedule for the Unum Group 401(k) employer match?
Yes, Unum Group has a vesting schedule for the employer match, which means employees must work for a certain number of years before they fully own the matched contributions.
Can I take a loan from my Unum Group 401(k) plan?
Yes, Unum Group allows employees to take loans from their 401(k) plan, subject to certain terms and conditions outlined in the plan documents.
What happens to my Unum Group 401(k) plan if I leave the company?
If you leave Unum Group, you can choose to roll over your 401(k) balance into another retirement account, cash out the balance, or leave it in the Unum Group plan if eligible.
How often can I change my contributions to the Unum Group 401(k) plan?
Employees can change their contributions to the Unum Group 401(k) plan at any time, subject to the plans specific guidelines and deadlines.
Does Unum Group provide financial education regarding the 401(k) plan?
Yes, Unum Group offers resources and financial education programs to help employees understand their 401(k) options and make informed investment decisions.