I can say I was pleasantly surprised by the Iron Works' positive reaction to my year mobilization. It was more or less as described above. "Cool. Let us know what you need, we'll keep your chair warm for you." Differential pay and minimum of paperwork.
I've heard generally that's the case with the defense giants. They're big companies and can afford Reservists going off and doing their thing. It's a different case if you're one of 50 employees at Jim's Pools and Patios.
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When we went to Haiti, we had a pilot on det that had been recently hired by GE (same guy I mentioned above). He was supposed to be underway for 4 days and then head back to work. Obviously that didn't work out and between him emailing his boss and our XO calling his boss, they said something similar to the above. "No, we understand. Go do what you need to do and we understand you don't know when you'll be back. We'll probably ask you to write a PAO article for the company about how you served the country while also working in the Television Programming and Microwave Ovens Division."