Hope both are provided together. Or associates are given an option to choose.
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Retention bonuses should ideally be at least half of your wages, this would allow you to set aside enough money to cover six months of expenses. especially considering reports from this forum suggesting a 20% layoff within the first year and the general lack of company loyalty today.
Hellevance wants to use the funds for severance packages for buying other companies. So they decided on rebadging from which several people leaders will be gaining via kickback schemes and shady under the table deals.
THAT is exactly what they’re doing
You don't get to choose. The decision is in the employER's hands, not the employEE's.