I was displaced and am considering applying for internal job postings (I know, I know…). Any hiring managers know if there is preference given to internal applicants? We used to have the STAR program years ago which helped displaced employees, which was helpful. It’s a very rough job market right now, so I’m wondering if I have a better chance as an internal applicant.
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They newly started the feedback process. Anyone knows what is the visibility of it? Can other internal recruiter/ manager can see it?
The fact is Schart is using layoffs as a way to eliminate the "cult" that was here before him and his ilk. They don't want to rehire anyone who is displaced; they either want you replaced by a New Yorker or 4 Indians.
My group of 14 was laid off in early June. 3 of us got jobs in other departments but the other 11 are still struggling to find any work at all. My hiring manager actually converted me early so I could avoid having my access cut off. I don’t love my new role BUT I got a decent raise and bonus and I work really hard to do a good job. I did go to a group that told me during the interview they were desperate… and they were (still are) so it can be stressful. I’m older so I knew if I didn’t take this job I would probably not find anything at another company.
If you come back within 6 months of your notice you get to keep Your seniority. Maybe try to have someone send an email to the hiring manager letting them know your interest & that you would like to stay with WF. I sometimes think it’s just trying to get past the incompetent recruiters.
I was displaced here before and tried to come back. Had about three interviews. Two were with the hiring managers that knew me, and knew my work background, which was positive.
Each interview, I was rejected, along with rejected applications that stated that I was a former employee.
I have nothing against you trying to come back. I hope you have better luck than I did, but my previous employment there didn't seem to make a difference to them. I do know one person who was impacted when I was, and successfully came back. I guess it's a luck of the draw.
My point is, don't expect them to openly welcome you back because you worked there before. I would definitely go for it, but also be prepared they may not accept you back. I wish you the best and know that this too, shall pass. (HUGS).
I was displaced earlier this year and am nearing the end of my 60 days. I found a job not long ago and start in April. My severance is 6 months. I was contacted by a Wells Fargo recruiter last week recommending I apply for a role. I have no idea how they knew who I was or that I am still technically an employee. Job was similar to my former one and at the same level. Bizarre. I deleted the email. You can’t make this stuff up. This company is the worst.
You can always come back but I recommend getting a job at a different company so you can collect all the severance owed to you, and after your severance period has ended, if you still want to come back, apply then.
People can tell this guy “don’t do this don’t do that”, but if the job market is really this bad, is it actually good advice to tell someone not to pursue every avenue available to re-acquire comparable income as soon as possible? Pride won’t do anybody any good when it’s 6 months after severance ran out and your mortgage is about to be in forbearance.
I know quite a number of people who were laid off and rehired into new positions. Multiple managers prefer hiring a displaced employee who knows their way around Wells Fargo over someone off the street.
The problem is for those who are not in a core market where the jobs are posted.
If you apply for a role in the same payband and get selected, there will not be a pay bump as it is considered a lateral move.
If you apply for a role in the next higher payband and get selected, there will not be an immediate pay bump.
In both cases, an external higher, assuming equally qualified/experienced, will receive a higher offer for compensation. How does this help with career progression and imagine what it does to employee morale!
Personally, I had better luck after the 60 days notice and while I was on severance. Good luck! I thought the market was terrible last year but it’s worse now.
I interviewed for and was offered a new internal position during my 60 day notice period. I did not feel like I was given any extra preference but I also don't think that the displacement was looked at negatively. Don't let the negative nancy's on this site get you down. Good luck!
Nailed it. Shart hates employees, and already spent a lot of money to get rid of you. The last thing he wants is you coming back. That said, the hiring manager has a lot of influence and the disdain for former employees doesn't always reach that level. Best of luck. If it's less then 6 months, you get to keep your years of service / pto acrual etc., so I understand why you might do this.
They actually give a preference to external hires. Laid off employees are a red flag for hiring managers, as fu---d up as that is
When you get laid-off, you go through a grieving process. Part of this is the bargaining process. Take this time to reflect on the toxic nature of this bank's employment. Don't get madder when they reject you. @a5 is correct you may be hired to be let go again.
I would not trust these clowns further than I could throw them.
Run. They may only hire you to let you go again, and you'll forfeit your severance. The man i work for shared that with me.