I know, you think I am crazy for asking but... If someone were to leave BOA, and come back in say six months or a year - Do you retain any sort of benefits such as the 401k match, stock options etc.? Or do you start back from square one? The intent would be a bigger raise than what is typical...
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I've left the bank twice and came back. ~4 months gone the first time, ~6 months the second time. Both times the bridged my service and I didn't negotiate anything. But that was many years ago.
There are at least 3 divisions that ARE recruiting new hires externally. (banker roles)
(well, trying any way, b/c no one wants to work here.)
It’s nearly impossible to hire externally, needs Band 2 approval these days and a business justification. You’re better off going to a competitor.
It’s six months to retain 401k and title but odds are you won’t get back in since bank is hiring internally.
I've heard of HR "bridging" some employees if the absence was not very long, but can't recall how long it can be. You'd need to ask HR (just pretend you're a manager and call the HR line 800-566-6044 to ask "about a former employee (or colleague) who is asking to return".
I think it is 18 months or less, but the rules seem to change, so best to ask about it.
Believe you may retain time served if you return within 12 months. Check with HR or Employee Relations - and get the protocol or policy in writing.
I’ve heard of returnees getting credit for prior time served, but, yeah, you have to negotiate for it.
Square one unless you bargain for it.
Square one.