Healthcare Provider Update: Yum Brands employs Cigna Healthcare as their healthcare provider, offering various health insurance plans and services to their employees. As we look towards 2026, healthcare costs are anticipated to rise significantly across the United States, with some states projecting ACA marketplace health insurance premiums to increase by more than 60%. Factors contributing to this trend include the potential expiration of enhanced federal premium subsidies and escalating medical costs, with many insurers citing an average medical trend increase of 7% to 10%. This combination could lead to substantial out-of-pocket expenses for thousands of employees, including those at Yum Brands, as they face the looming specter of higher premiums and reduced financial assistance. It's essential for employees to prepare by evaluating their healthcare options carefully and considering their financial situation. Click here to learn more
'Yum Brands 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.
'Yum Brands 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 Yum Brands are using technology to streamline rehiring.
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The strategic advantages for both employees and employers in the rehire process.
Many Yum Brands 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 Yum Brands 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 Yum Brands.
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.
Yum Brands 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 Yum Brands and its workforce must navigate these complexities with a clear understanding of each other's perspectives.
Ultimately, the decision to return to Yum Brands 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 Yum Brands, 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 Yum Brands 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, Yum Brands 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)
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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 Yum Brands?
The 401(k) plan at Yum Brands is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
Does Yum Brands match employee contributions to the 401(k) plan?
Yes, Yum Brands offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What are the eligibility requirements for participating in Yum Brands' 401(k) plan?
Employees of Yum Brands are eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.
How can Yum Brands employees enroll in the 401(k) plan?
Yum Brands employees can enroll in the 401(k) plan through the company’s benefits portal or by contacting the Human Resources department for assistance.
What investment options are available in the Yum Brands 401(k) plan?
The Yum Brands 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 Yum Brands employees change their contribution percentage for the 401(k) plan?
Yes, Yum Brands employees can change their contribution percentage at any time, allowing them to adjust their savings according to their financial situation.
What is the vesting schedule for Yum Brands' 401(k) matching contributions?
The vesting schedule for Yum Brands' 401(k) matching contributions typically follows a graded vesting schedule, meaning employees earn ownership of the match over a period of time.
Are there any fees associated with Yum Brands' 401(k) plan?
Yes, Yum Brands' 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents provided to employees.
How often can Yum Brands employees access their 401(k) account statements?
Yum Brands employees can access their 401(k) account statements quarterly through the plan’s online portal.
What happens to Yum Brands employees' 401(k) accounts if they leave the company?
If Yum Brands employees leave the company, they can either roll over their 401(k) balance to another retirement account, leave it in the Yum Brands plan (if eligible), or cash it out, subject to taxes and penalties.