The current separation pay policy is 2 weeks for every full year of service with certain minimums depending on the position classification. The next shoe to drop following the changes to retirement medical and the pension is a change in this policy to one week for every full year of service. With the upcoming RIF's, mergers, and divestitures, J&J is seeing viewing their policy as overly competitive and will need to reduce the costs associated with upcoming changes in 2015. Be prepared that the financial bridge provided while you seek other employment will not be as generous as it once was. Welcome to the new J&J.
Reduction in separation pay formula
Aucun commentaire:
Enregistrer un commentaire