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So you got notice that the company is going to be doing some layoffs? You found out that your prized position is now vulnerable? You were given notice for a layoff in your position? You might want to consider an alternate offer at the same company. There are several benefits to considering an alternate offer at the same company.
BENEFIT #1: If you can find another position within the company you do not lose seniority for most companies. You might have to switch departments. The majority of companies will allow you the same seniority status even if you switch departments. Seniority status then means you have the advantages you have worked for by sticking with the company so long.
BENEFIT #2: Considering an alternate off at the same company means being able to keep your health benefits. The monthly premiums you pay for health insurance will continue if you are still an employee of the company. Changing job positions or job titles should not affect you being able to keep your health insurance benefits.
BENEFIT #3: Considering an alternate off at the same company means being able to keep your 401K. You have put a lot of time and planned for your 401K. If you stay within the same company, you can still benefit from everything that the 401K has earned and saved for you. The company will more then likely keep matching the percentage that was already set up.
BENEFIT #4: Your time toward retirement still keeps adding up for you. There are many companies that offer a wonderful retirement package. The retirement package is based on the number of years served with the company. If you consider an alternate offer at the same company, your retirement time is still adding up for you. Going with a new company will cause you lose the retirement time that you have built up.
BENEFIT #5: Considering an alternate off at the same company means that you keep your vacation time. Some companies have roll-over of vacation. You can save vacation from one year and have it go to the next year. Also, some companies offer vacation time by the amount of time you have worked for the company. After x number of years you get one week. After another x number of years you get two weeks of vacation. Taking an alternate position with the same company means that you will not lose the vacation status that you have worked so hard to build up.
BENEFIT #6: Since you already work for the company, they know what a great job you do. Getting transferred to another
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Layoffs: Considering an alternate offer at the same company
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