Contracts matter! The C-suite including the BOD and Bargained has theirs, do you?
- Management severance details are on HR Onestop.
- Bargained severance is detailed in their specific contract and most are based on years of service. Note; There are variations depending the contract.
Example: SE Core Bargained have various Employment Security and Rights during a “Surplus” and seniority matters…Priority on any open vacancies within the State, Bumping, SIPP, Job Bank, Return Rights, Recall Rights, taking various Leaves to reach Service Pension Eligibility, Pay Protection when moving from a higher to a lower title, Termination Pay (amount is based on years of service) in certain conditions, such as refusing an offer that is in an exchange over 35 miles away for an equal level job, nice bonus for an employee ready to quit or retire.
Unions aren’t perfect and someone can pick out weaknesses but overall they are better for employees to have a negotiated contract (fair for both sides) with their employer. Ask any manager that doesn’t have one right now in the midst of layoffs, RTO, etc.. Policies and benefits for active & retirees can change in an instant, work rules modified, relocation on demand, increased workloads, increased span and control, hours are unlimited for a salary (unchanging pay) with some pay at risk (bonus), that carrot is on a long stick, etc… you get the picture.
Recap… Contracts Matter!
Wishing the best for all those affected during these tumultuous times!
Remember… when one door shuts a new one opens
Have a Blessed Day!