Trying to understand how to not miss out on receiving my full severance pay based on any technicalities. Heard that once you work your last day after being displaced, that if you start a new job after your last day, but before 60-days are up, you will not receive your severance. Is this true? Seems unfair and sketch!
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What would you do in this case? Non hub here but you want to keep your job but it's another location.
You see job openings in your area but unsure if those too will go the way of a hub location.
But on the other hand, if one should have a hefty severance, should a person just wait and be displaced and not worry about it and not bother to apply?
I’ve always wondered what you’re supposed to do as far as that rule if you already had a side job?
You are still employed through your 60 day notice. If you start a new position when still in notice period they can and will find out- I know someone who lost their entire severance package. You can still job hunt and accept a job but just make it a condition that you can’t start until after your 60 days. And this includes side jobs!!!! (I called to check after my displacement.) No new employment, period.
What started out as a helpful thing of course is now used for evil. If you work multiple jobs you could have excess social security withheld past the maximum if the second + employers are not aware of what has already been withheld. Your new employer can now tell when to stop social security withholding. Yes, you would have gotten it back anyway at tax filing next year but this was done to stop the excess withholding from happening in the first place. Companies then figured out that they can query that database before your 60 days are up and determine whether you had taken a new job. Since the 60 days in technically still employment with WF they can say you chose job abandonment and stop your severance.
Yes. It's either a working or non- working notice of 60 days. I know someone who received 60 days non- working notice and then about 30 days in they called her back in for a few weeks and then back to non-working until her 60 days was up.
You’re employed as in if they need you for something you’re obligated to respond. Otherwise you can find another job that isn’t with the specified companies (affiliates of Wells Fargo). All you’re obligated to do is return the phone call/text message you get from your former manager co-workers during that severance period and technically accept your job if offered back.
This isn’t a math problem, it’s pretty straightforward. Don’t overthink it.
You are correct. This is in hopes that no, I softeneddue to screa
How would they know if you started a job in your 60 days?
The Work Number.com has employment and salary information on hundreds of millions of people.
You get caught, you lose your severance or if you have already received it, they can claw it back from you.
Usually it takes a couple of months from the time you first apply, to actually starting work after being hired at a new place anyway, so what's the issue?
You can easily still get your severance, while applying for, interviewing with, getting offers from, and before starting work at a new job. So don't stress, just put one foot in front of the other, focus on getting a new job, and at the end of the 2 months, collect that sweet sweet severance $$$!
Just be honest with anyone who makes you an offer, and let them know since you were laid off, the earliest you're available for a start date is 2 months out from your last day at WF. Wait until they ask or you get an offer though, before negotiating with a potential employer on a start date. You don't want to appear as having any time-constraints/limitations or other such snags before being offered the job. If they ask, and you're just upfront with a potential employer about availability, they're apt to be flexible about it, especially if you're far along/well into the interviewing process, and especially after they offer you the job...at that point, they've already decided that you're who they want for it!
Exactly. The alternative is them filing the WARN notice without telling the specific employees, and instead of 60 extra days of pay where you probably won’t need need to work know for sure you’ll need to find a new job, it would be 60 days of stressing whether you’re one of the people on the cut list, and debating whether it’s better to work really hard to try and save your job, or focus on finding another one. Personally I like the way they do it better.
Wow, just wow.
you can start a new job any time, in fact, i encourage you to work multiple jobs, easy to do especially if at least 1 is remote
But how would they know?
The 60 days are WARN notice. You are not yet laid off. You are being given notice that you will be laid off. During this time, even though they sent you home, you are still a WF employee.
If you start a job during those 60 days, you do not get severance when you are laid off.
Yeis cratchet!!!
Yes, technically you're stilled employed for those 60 days