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(As Soon As Possible)

From the HPAlumnipedia – www.hpalumnipedia.com.  The HP Alumni Association is an independent volunteer organization. Not endorsed or supported by Hewlett-Packard. Content is the responsibility of the authors. HPAA may, but is not obligated to, monitor or review content. By using this site you accept the site terms. © 2012 HPAA.
HPAlumnipedia > Leaving HP > ASAP

What to do before losing access to HP internal systems

If you happen to be reading this webpage between your Notification Date and Release Date, you should have already received various documents from HP... Study them!

Please note: Some of the information and advice on this unofficial Alumni Association website reflects the specific terms of previous HP termination / retirement / severance programs.

Read carefully all information provided to you by HP regarding the current program – including printouts of all the online information. Mark it up and become completely familiar with it.

Be sure to use HP's official "Leaving HP" site -- accessible outside the HP firewall:
http://www.hp.com/leaving_hp
User ID = leaving . . (case-sensitive)
password = HP . . . (case-sensitive)

HP's official "Leaving HP" site covers:

• Ending employment before retirement
• Retiring from HP
• Staying/planning for retirement
• Leaving HP Action Planner -- "generate a personal checklist"

Urgent Tasks

The links below require HPAA membership, unless otherwise stated. You are eligible to join the HP Alumni Association if you were formerly a regular, direct employee of HP – or have a defined HP termination date. Click here to join the HPAA.

In addition to what the HP documents tell you, there are some urgent action items (before you lose HP internal access):

• Make printed copies of anything provided by HP via web or email regarding the terms of any termination, retirement, or severance program. You may need to reference this later.

• Print out your HP stock options history and determine if you have unexercised options that will expire upon termination. You need to get your options report twice – before your termination date and again after your termination date. The report you get before you leave doesn't tell you what will happen to your options after you leave -- for example, the expiration date may be pulled forward. Directions for getting the after-termination report are here: Options. The key: Options are not compensation that you have earned -- they are designed to retain you as an employee. Once you leave, unexercised options are only relevant to the company as a potential expense.

• Switch your earnings statements from online back to paper, if appropriate, and print out the most recent earnings statements and any other online-only statements you want to keep.

• Consume your Floating Holiday. (Note: State laws vary on payment for unused vacation time. Also, non-exempt employees must download a paper timecard and fax it to HP to not delay processing for PTO.)

• Move out your AMEX card points before your card is cancelled.

• If you participate in the Share Ownership Plan, study and print information you'll need later for selling shares and doing taxes. SOP homepage

• If you have any personal email or phone calls directed to your HP address or phone number, tell the sender/caller to change that; and if you have any personal data in an online address book or similar, copy it out. Your HP email account, autoreply, and phone number vanish quickly. For more on this, see Personal business on company systems

• Look up your HP patent incentives status.

• Check out your eAwards account and use up those points (even if it is in the form of a debit card).

• Retirees, consider whether to sign up for Long Term Care Insurance. Supposedly you can elect to take that coverage after retirement, but it might be safer to elect it now and cancel it later if you change your mind. [See this page for current issues on LTC Insurance.]

• Check out the employee programs web site for options you can take with you after termination, such as the "Passport" discounts at local businesses.

• Change your email address at hpshopping to a non-HP email address. Difficult and slow to change after you lose access. (You may need to buy a new system to replace your HP-owned equipment.)

• Print out copies of your most recent evaluations, as many as you deem appropriate, for whatever purpose.

• Print out the list of courses that you have taken through the company – for your files and to help with your resume.

• If you have a defined HP termination date, click here to join the HPAA.

Convenience Tasks

And while it's still convenient to do so, before losing HP intranet access:

• Consider filing a revised W4 with HP online, to decrease your tax withholding. Increase your exemptions if you expect a large FTO payout.

• Consider increasing your 401(k) contributions to reduce income taxes.

• Consider dropping out of the Share Ownership Plan to quickly receive a refund of contributions that won't be used to buy shares.

• Print your DPSP+RP statement.

• Consider the status of your reimbursement accounts while you're still on the payroll.

• Pay for continuing life insurance before the grace period expires.

• Take loans, refinance, or establish lines of credit (Leaving: Miscellaneous: Lines of Credit) while still employed.

• Consider using the HP Product Gift Matching Program to give an HP product grant at a discount from the list price.

The next list -- your last week

Your Last Week: Actions to take during your last week at HP.

–Alan Silverstein, February 2007. Revised 1/17/11 by Curt Gowan.

10/2/08 8,004
7/21/09 22,203
1/17/11 38,108