After being laid off as a result of EOI can you come back as a contractor and continue to work for Chevron?
11 replies (most recent on top)
I asked this same question to HR. They said I’d have to wait one year to come back as a contractor since I will get a one year severance payment. I don’t want to risk losing it, so I will comply.
After 14 yrs at Chevron , I can't wait to take Severance. Why the heck would you want to come back to all this red tape which btw is getting worse and worse.
First, you have to wait 6 months to hire back in. Then, if you are doing essentially the same job, you DO have to pay back the severance. Likelihood of hiring back to the same position? About zero. They gave you severance to get rid of you, not to have you come back in six months.
No, he's not dead wrong, he's 100% right about that, I was told the exact same thing since I am interested in that option as well. I will have to pay back the severance. Of course, the benefits out weigh that minor inconvenience by a long shot. for a younger employee who needs health ins, etc. and without 30 years in, it's worth it. Maybe not if you are an older employee ready to retire. But in that case, why work? Go volunteer somewhere like everyone else your age.
@1oqu, you are dead wrong in saying that you’ll have to payback the severance amount if the company hires you back. That’s wrong because IF the company does hire you back, your employment status will begin again as a new hire, including your benefits. You’ll start from ground zero. So, you get to keep the severance money that you earned. Any new encounter with Chevron will be as a new hire. The only situation in which the company would demand that you return severance money is when they call you to offer you a job within 6 months of separation. That happened to someone I knew who worked for Chevron.
You have to wait 6 months before you can come back to work for chevron in any capacity. Chevron also has this program to contract with retirees.... think it’s called bridges.
Now your success depends on what skill set you have and what connections you maintain within the company. Many people feel they are invaluable and can simply return to work as a contractor with 2-3 times the pay. If that is you, you may be in for an rude awakening. In these times contractors are also being scrutinized.
Not a silly question (unless you are bitter for some reason, as some on this board seemed to jump at insults, or spelling mistakes, seemingly nothing better to do then troll and insult, etc...how cares?)...I know the severance EOI noted if you are hired back for any reason, pay back severance. I think many fall into category of enjoying bene's of retiring, golden handcuff $$$, time off, yet at same time wouldn't mind some part time work on their terms using some of the expertise they gained over years..
Chevron has 7 approved part time schedules...if you are a badace, work it out
who said I will be sitting around? After EOI I would only want to work part time as a consultant.
What a silly question. If that’s your plan, to leave and come back, you better rethink fast. Instead of volunteering for EOI, take your chances to stay on as a full time employee. You get to keep your steady salary coming in, you get to keep all your benefits and your damn pension keeps accruing upwards. If your plan fails and they get laid off, then that’s when you try to come back a year later as a contractor. But why sit around for a year? It’s very possible Chevron won’t take you back anyway. If you get laid off, move on and find something better, anywhere you are happy and the company who hires you, appreciates you.
After a year I believe you can. But why here why not at another place.