Does anyone have first hand knowledge of an employee who turned down the retirement offer, only to lose their job due to office closure or any other headcount reduction strategy?
7 replies (most recent on top)
"If I read the last post correctly, ADP, is laying off, those that were eligible, but didn't take VERP, they are being offered th VERP package rather than severance? I'd say that ADP, is doing right by those associates."
If this actually occurred, I'd say any benefit to the EE was just incidental. More than likely ADP wants the word "Voluntary" attached to separation of any EE age 55 or older to avoid the possibility of an age discrimination law suit. ADP has been walking that line pretty tightly.
maybe doing right by those associates, but not by those who took the VERP .. if I had any idea that I would have the same offering at a later date, I too would have declined and worked 6 more months. The offering I thought was very clear, it was one time, take it or leave it.
If I read the last post correctly, ADP, is laying off, those that were eligible, but didn't take VERP, they are being offered th VERP package rather than severance? I'd say that ADP, is doing right by those associates.
Yes I do but luckily for this person they offered VERP instead of severance. They should have taken VERP in the first place. Not the same place I joined 12 years ago..
Yes, it has happened more than you care to know. It is continuing to happen and the next wave is likely to not have any options or VERP at all. ADP is just a terrible environment these days and most people are truly better to go elsewhere fro their own health, well being, and financial benefit.
very sad.. I wrestled with my decision to accept or not, I loved my job, and was not ready to retire, saw the writing on the wall .. I thankfully took VERP. This new round assures me I made the right decision, but saddens me greatly
Yes, I do. The handful of employees who turned down the VERP in the learning organization were all, save one, subsequently laid off.