At one point HR stated that it would be equal in its entirety to the ER for eligible ER employees. It then changed to "similar". I have yet to see what it is but was told that it would be available soon.
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I’m wondering if the “enhanced” LR package was only presented to a limited group of people? (I’ve only heard it mentioned on this site). The faqs that I received never mention it and say that if you pass over ER and then get notified of LR, you may receive SIMILAR (not the same) benefits under workforce transition package. Either way, it has created a lot of confusion for something so simple. If this “enhanced” package does not actually exist, I hope nobody passed on the ER thinking they would get the exact same benefits if they were later LR’d.
The issue is that originally, and in writing, HR stated that the LR package for ER targeted employees would have the same payout and benefits. Caveat being that they would be 'eligible' for the enhanced LR package. When I questioned eligibility, I was informed that the verbiage changed to ' similar' and that the LR enhanced package would be presented prior to exit date. I have yet to see this package. In the meantime, without fully committed to ER, I get the feeling that I have already been written off by my manager since by expressing interest in the ER it has made it easy for them in not having to let someone else go to meet headcount reduction in our group.
I'm not sure where the poster of this message got his information. It's ALWAYS stated the LR will be similar!!
The twist in this is the that someone in HR has stated that the LR will be the SAME as the ER. Which contradicts the written information, I guess HR hired some more Red Badges that don't know the difference??
As one poster he mentioned "Similar is not the same". October 7th we'll all know what the details are and who is correct...
"If you actually saw the offer - its not superior - Its literally an LR package "
Having been LR'd before, and knowing the ER package details, I would characterize the ER as being an LR plus 6 months of extra pay and COBRA money. (BTW, this doesn't compare favorably to what the LR class of February 2020 ultimately received.)
Wish taking the LR package was offered to everyone. I would take it!
Check the FAQ's they specifically state that the LR package is equivalent to the ER package. The compelling reason to make them the same is to weed out the folks that actually want to leave.
"If anything, those offered the ER were shown preferential treatment by having the opportunity to either accept a superior package, or gamble LR with the same odds as everyone else."
If you actually saw the offer - its not superior - Its literally an LR package
Re: "If you offer a program for older people and basically threaten that there is a following program that will be of lesser reward, you are effectively targeting the older workers. This is unlawful. That’s the reason."
No, they never said if they don't take the ER, that they WILL face the LR. That was never stated.
They said that they might face the LR if their job role is being eliminated, just like everyone else in every other age group might face the LR.
If anything, those offered the ER were shown preferential treatment by having the opportunity to either accept a superior package, or gamble LR with the same odds as everyone else.
After reading comments on this board, many of the younger folks would have been very happy to accept such a package. They are ready to jump ship.
It's too bad they don't offer an optional LR package for those who want to take it and run, so that those of us who desperately need to keep our jobs can still keep them.
similar does not mean equal
What compelling reason would there be to offer a comparable package to EER for those in the LR? One is voluntary, the other is involuntary.
If you offer a program for older people and basically threaten that there is a following program that will be of lesser reward, you are effectively targeting the older workers. This is unlawful. That’s the reason.
They never once said it would be "equal" to the ER package, only that it would be enhanced from the standard LR package.
What compelling reason would there be to offer a comparable package to EER for those in the LR? One is voluntary, the other is involuntary.