593 - The Boomerang Advantage
Episode Title: The Boomerang Advantage
Boomerang employees come with several built-in advantages, not just for them but also for the company. Here’s what they are, next on The Perna Syndicate.
Ep 593 show:
Welcome to The Perna Syndicate today! Boomerang employees are on the rise as the dust settles from the Great Resignation. These are workers who quit their jobs to take a better opportunity elsewhere—only to find that the grass wasn’t greener on the other side. Now, they’re looking for a chance to return to their previous employer—to boomerang back if they can.
While rehiring former employees isn’t unheard of, what is new is the scale at which it can now happen. About 25% of the entire U.S. workforce quit during the Great Resignation, and new data has found that almost 70% regret their job switch.
This is a great opportunity for employers to get an edge in the War for Talent. Sure, there could be some potential awkwardness in reopening that relationship. But if that can be overcome, there are massive advantages to rehiring former employees.
First, they take less time to onboard and start contributing in a meaningful way. They already know the company and culture. And if they want to come back, then they’ve clearly gained a new appreciation for their old workplace.
This benefits not just the company, which wins a seasoned employee, but also the worker. Instead of spending weeks or months trying to get oriented in a new company, they can hit the ground running and start making a difference in their role much sooner.
Welcoming the boomerang employees back can be a win-win for everyone.
Tomorrow, what’s the one thing you have to have if you want to boomerang back to your previous employer? We’ll cover that and more on the next episode of The Perna Syndicate. See you then!