There has been a consistent economic trend which shows that when a recession hits corporations will decrease or suspend benefits. We witnessed this in the 2001 recession when General Motors, Charles Schwab, Goodyear Tire & Rubber, & Ford all decreased or suspended their company match programs. The same happened in 2008, with Forbes reporting that
Corporations in almost every industry are in the process of trying to cut costs to help deal with the economic downturn brought on by the Coronavirus. The pandemic has taken a toll on the entire economy and companies need to take drastic measures in order to stay afloat. AT&T, for example, has expressed a goal
As a recruiter who has placed people at many fortune 500 companies, I’ve seen first hand what corporations choose to prioritize in a recession. A few months ago the Coronavirus crisis ravaged the American economy, and ever since Fortune 500 companies have been scrambling to protect their dividends and keep their shareholders happy. San Diego
1. Life after Sempra/SDG&E: Surviving a Bear Market in Retirement Working hard and saving is only half the battle when it comes to making sure you’re taken care of in retirement. Much of it comes down to having a sound investment strategy and being able to… Read more here 2. Read the TRG Retirement Guide
As a recruiter, clients ask me, yes a recruiter, about what they should know about their benefits. With everything going on in the market and the current health crisis those questions have become more and more frequent. Luckily for SRE employees, current Sempra/SDG&E (SRE) benefits when compared to other companies may be 2-3 times better.
Losing your job is a grandiose moment. Your mind is racing and you simply just don’t know how to operate. Loss of a job, especially for those with over 20 years of service, affects the same receptors in the brain as loss of a loved one. The same five stages of grief apply for the employee going through
I along with most people have been thinking a lot about health and family recently with the current Coronavirus scare. Many clients have reached out and asked me about what they should do if anything were to happen to them. Does a family member, your spouse, or close friend need to call the benefits center?