With the way things are going, who sees VZ removing the permanent ban for VSPers?
It would be fair to open this up to all VSP takers and allow them to interview as a rehire.
26 replies (most recent on top)
not true @21aw. I want to go so I can get my lump sum pension before it goes down further. I don't have to work, but if they are going to pay me $ to do the same things I did before, I'll take their money and put it toward my medical premiums. Why not? No plans to go look for another full time job. Everyone's circumstances are different. But they lost tons of people at retirement age. For those of us in that boat, contracting is a good gig.
Most skilled workers who took the VSP were FTE with full benefits. Contractors do not get the full benefits. Only an FTE package will entire VSPers back. That includes health coverage, 401k match, TAP, etc. Now you see the logic? Otherwise, VSPers will happily move on.
[regarding the ban being lifted] “Anything is possible...Personally, I see wireline struggling across many groups and we still have 2x rounds of people leaving! In my org alone we are struggling to find replacements at the rate VZ is offering.”
1qvz, how are any of those issues not overcome by restaffing with contractors who took the VSP?
Please, either answer, or stop this silly line of argument.
@Xthfxua-1qvz. why are so many ignoramuses willingly ignoring the FACT that VSP-ers can come back, as contractors.
Is it because it totally destroys your wishful thinking of coming back as something other than a contractor, or so you think that if you say it enough times, it will magically come to fruition?
Newsflash: the ban will never be lifted. Welcome to the world of contracting IF your services are still required.
@Xthfxua-1qvz Are they offering a rate lower than previous? Full time or contracting?
@Xthfxua-1jol Bigger numbers yes, but they allowed former employees back in the door.
@Xthfxua-1rhy Anything is possible ... leadership initially screwed up with the Infosys transition and had to back track. Personally, I see wireline struggling across many groups and we still have 2x rounds of people leaving! In my org alone we are struggling to find replacements at the rate VZ is offering.
How does the no hire back clause not make sense? To me, it makes abundant sense. The just paid many a year’s + salary to leave. The last thing needed is you hanging out in front of the building looking for more.
You do have the flexibility of becoming a contractor if getting weaned and moving forward is too tough.
Oh but they have laid offer even bigger numbers. Back in 2003 over 21,000 mgt left the books at one time. Company survived. Don't know if they had a rehire clause or not but doubt many came back. I think some people in this round could be offered contracting gigs. Just have to wait 6 months. Up to you if you want to take it. If you don't need a full time job with benefits, seems like gravy to me.
No chance Lance. I will never go back. I
I thought the no hire back clause didn’t make sense either. I’m a VSPer and looking forward to being released. I’ve interview and have 1 offer and other promising leads. However, if my my team offered me to come back as a contractor or “new hire” I would entertain that idea.
and the flexibility of taking them back on as contractors on an as needed basis @1gxx solves all of that, makes it all go away.
Why is this so difficult to understand?
They've never laid off 25% before. Also they normally they lay off from the bottom of the stack, but this time it's the most senior and best skilled who are amongst those going out the door. Meanwhile where they're rehiring they're getting workers who are basically intern-level skills and pay, and hoping that will make up for specialized skills. Managers are finding out how screwed they are based upon what candidates are applying for positions making half the going rate.
I'm glad I won't be here July 1st.
Working on a contracting gig. Six months of the year and summers off. I think the correct term is worktirement. lol
I think sometimes people post things like the OP posted in the belief that they’re going to plant a seed, get the ball rolling, in the hope that it becomes a self fulfilling prophecy, as if that VSP stipulation was not made after very careful deliberation and consideration.
Can I have some of what your smoking OP?
The company has survived numerous RIFs. They will survive this too, I am quite sure without begging you to come back, except as a contractor. What would be the impetus to bring you back in-house, when more than will be needed will be clamoring for the contracting gigs. Move on or at least accept the reality of the situation.
You will be brought back only as a contractor. The company never undid the vacation of people who were rif'd in the past to bridge on time. Company has a one way path in mind. Many who have retired in the past and had pensions were not permitted to come back. Expect to not come back as an employee. As a contractor you have less pay and less stress.
-ike,
I doubt it. I was told I would keep the same job.
Then I was told I cannot do it.
So, do not trust what the say.
Still a lot of issues with access to prod.
Infosys is hiring former employees. You could come back as Infosys employee and have the same job responsibilities as before.
VZ didn't nor continues to treat everyone badly! It clearly shows that you're the one that needs to do some self-reflection and get out of an abused relationship.
It seems very easy to offend some people on this board. The way I read the OP is does anyone see VZ changing their offer to entice people that left. With the Infosys debacle and having to offer people the full VSP it's not a foregone conclusion to change the original package. BUT it would have to change for everyone that took the VSP.
Today, I see many gaps in covering duties. Either VZ gets lucky and trains new hires/replacements at record pace or VZ falls on its face and goes into recovery mode. That includes hiring back the VSP folks that left.
Why the f--- would you want to go back after how that company treated you in the end. I swear to god some of you are like abused girlfriends that feel Verizon can do now wrong... F'n id--ts.
27.5 years is enough... 33 days and counting
In a lot of areas they are going to be in a bind come this summer. The problem is management PO'd so many people with the Infosys debacle and are now they are on the line to make that a success. You can hire programmers any day of the week, but most of the people leaving have the business knowledge and knowledge that can't be replaced easily.
I was asked if I was interested in going to Infosys after my VSP (like the day after). They said I couldn't work on VZ stuff for 6 months. They are having a hard time finding the skills needed to take over some of the stuff that they at on the line for. I'm taking a 6 month vacation and figuring out what I want to do next. Coming back to VZ would not be in cards for this old man.
It seems to be a possibility. Due to some big customer deals in the works, I have already been asked by my upper management if there would be any interest on my part if it comes to be. What they are hearing that is under consideration: Must be out for at least 6mo. Can then come back as a "New hire". No bridge time, starting from scratch as far as vacation etc, and likely at a lower level and a much lower salary than you left with, but can keep the payout cash. It might be entertaining to come back, but I advised I'd have no interest at all. None. Next.
Won't happen
It's barely a months since ya'll left, and already some of you are clamoring to come back? Pathetic.