I put in my notice and out of nowhere they offered a 15 percent raise after claiming for ages that budgets were tight. It’s impossible not to question the timing, and part of me wonders if it's worth sticking around at Humana because of it or not. It does bring my pay above the one I'm getting at my new position, but I'm still uncertain.
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The laid me off, then tried to hire me back about 3 weeks into my severance.
Jokes on them.
I don't believe for 1 second you were offered a 15% raise. I call total BS.
@hw You don’t bring on a CEO to drive a company into bankruptcy. If that happens, the people who own the company - the stockholders, mainly institutional investors - get wiped out. Only the lenders would get anything. Humana will be sold/merged long before bankruptcy.
In contrast, the Envision bankruptcy case was a private equity-backed restructuring (common in healthcare), not a liquidation.
I don't know if he's the answer or if he'll be better than Bruce, but none of our current problems are his fault. He's not the one who chose to drop commercial and go all in on Medicare.
What department are you leaving ?
@gk I have said this from day one, when Bruce, who was brought on to sell us, failed they deliberately chose Jim because of his recent success in driving his company to bankruptcy.
@bn Jim Rechtin came to lead Humana after being the CEO of Envision Healthcare, which underwent a Chapter 11 bankruptcy restructuring during his tenure.
Humana’s board acknowledged the bankruptcy but still chose him because they believed his experience navigating complex industry challenges was valuable.
“Valuable“ in what ? Navigating bankruptcy?
RUN ,RUN. 🏃 🏃 🏃 🏃 FOR THE ROSES 🌹 !
To the ones that are getting raises (and not AIP)... Does anyone know how much the raise will be this year?
Run ! 15% to stay in he-l ? No way
@an as long as James (Jim) Rechtin is CEO no one should apply and those wanting to leave should. It has gone down the 💩hole since he became CEO.
@bd I've never heard of employment guarantees being offered to anyone. That's C-suite level sh-t.
Counteroffer is a signal that you are valued. Ask for some guarantees from supervisor and HR that you are not in the near term layoff plans. You don't want to accept a pay raise and then find yourself in a layoff list.
Leave and don't look back!
Interesting but look at both jobs and pay side by side and list out the positives and negatives for staying. If you are sick to death of H then just go. It isn't going to get any better. Plus next year they will say oh you got a 15% raise last year and you won't get anything.
Note: It is a poorly managed company that only offers a raise when you have one foot out of the door. They should be paying you what you worth not panicking when you find something else.
I one read that you should never stay at a job that counters. The general consensus is you’ll be used, abused and let go once the company has used you up and you’ve trained/shared the knowledge you have! Move on, don’t look back. If the couldn’t give you a raise before you found another position they’re only giving you one now begrudgingly!
IMO - I would continue on path, leaving Humana. There has been so much tribal knowledge lost with buyouts and RIFs, those remaining will have more responsibility and be overworked. You may find even with the raise you are making less per hour than if you had left with 40+ hour weeks and decreases in benefits.
Cool, that is hefty raise. I just curious
Why they suddenly offer a 15% raise
• Panic retention: They’re bleeding talent and realized replacing people costs more than paying you better.
• Underpaid roles exposed: Resignations force them to admit salaries are way below market.
• Short-term bandage: A raise is cheaper than fixing deeper issues like workload, management, or ethics.
At least you are getting a raise…we were told we weren’t and we should be happy about it…LOL.