So if enough people accept the VTO that was offered to Band E and up, are the people who declined it safe from termination? It seems may people are taking this offer because the severance offered is pretty good. I am on the fence as to whether I should accept or not. Thoughts?
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“Will Allstate offer the 2 weeks per year severance for future layoffs?”
No one knows. It’s already been announced that there’s no severance anymore for less than 5 years service. That could change at any time.
Will Allstate offer the 2 weeks per year severance for future layoffs?
@1exe+1aH3bya6 thank you for that perspective, I appreciate your input on this.
A number of years ago, Allstate offered a similar VTO. While I passed on the generous VTO offer, it did present an opportunity for me to engage in introspection of my future career possibilities. Some months after the VTO offer had passed, I was contacted by competitor who ultimately offered a 40% salary increase, generous benefits, and meaningful work. But for the VTO, I would never have considered interviewing or leaving Allstate. I therefore concur with @1zyt+1aH3bya6 and urge my friends at Allstate to consider the VTO an opportunity to explore the possibilities for highly qualified financial professionals to expand their professional knowledge and be rewarded in the process. There is a big world out there ready to reward brains, experience, and talent. If you do not believe Allstate appreciates your intellect and abilities, maybe this is the time to explore the wider financial universe. I wish you all the best.
My goal is to reject it and look for a job in the meantime. It will be my new full time job to look for something else without the time crunch or gap in resume. Just hoping I find something before they eventually lay me off since that seems inevitable, but I probably have 6 months to a year before that happens. I have already had numerous interviews so hoping something pans out soon. Good luck to everyone else in this situation.
My experience over years here is that people offered a vto who do not take it are let go eventually - expect no more than 1 year or so before they let you go if you do not take it.
Seriously, Consider yourself an id--t if u don’t take it.
"The faq’s sheet specifically said that you won’t be let go if you don’t take the offer."
Maybe not this week or next week but it will happen. They may not link it to the VTO offer but if you refuse the offer you are eventually gone one way or another.
Did you forget that last April Tom Wilson and Glenn Shapiro verbally stated and declared no layoffs were happening...45 days later they announced layoffs.
Yeah, not taking the VTO at this point is not wise.
The faq’s sheet specifically said that you won’t be let go if you don’t take the offer.
@1pvk If you were expected and your internal undisclosed 9 box rating (How your management team sees your potential worth based on attitude, work habits, known personal baggage such as kids or personal ailments, your geographic placement, among many other factors) was lower you were considered a lower overall rating. Sadly you will never know and they will never provide any disclosure on your 9 box standing.
I had an expected on all reviews so I am confused why I got this offer too.
Yeah, if you were offered, you should absolutely take it... Or you'll be out on your a-s later this year, likely without severance.
Only people on the low end of expected performance were offered vto. The company is telling you they think you’re a low performer and giving you an incentive to walk away. Are you really going to stay?