Ever hear of people leaving an organization to return months or years later? Seems odd, right? It’s not as uncommon as you may think. According to a Workplace Trends study, 15% of employees have “boomeranged” back to a former employer. These employees, aptly labeled “boomerang employees,” leave for a period of time before returning to the organization. Are they a consideration in your talent pool? They should be! These candidates are definitely worth keeping in your talent community as passive talent for the potential of a rehire, as well as referrals.
A job seeker survey from YouGov Plc indicates 55% of Americans are currently or actively looking for a new job in the next 12 months. And that’s just active job seekers. And LinkedIn research shows 85% of both active and passive job hunters are open to new job opportunities. After all, employees may decide the grass isn’t always greener on the other side after all — and that’s OK! I would know, because I'm a boomerang employee myself.
I returned to WilsonHCG for the opportunity to shape the operational delivery team. The great experience I had previously working here made it an easy decision for me to return when the opportunity presented itself. Between the culture and incredibly inspiring leaders, I'm glad to be back — as it aligns with my personal values and beliefs!
That said, you may be wondering how to attract boomerang employees? And why would you want to do so to begin with? We're going to cover the benefits of having boomerang employees return to your business, how to engage these candidates and ways you can reduce turnover in the first place.
15% of employees have boomeranged back to a former employer.
With the continued global skills shortage, time is of the essence more than ever when it comes to finding the right candidates. Many employers are desperate to reduce time-to-hire and speed through onboarding – because they need to talent to start contributing... yesterday. Fortunately, boomerang employees are a viable solution for both.
Boomerang employees are already familiar with your organization’s culture, making them quick to onboard and integrate. The turnaround time for training is lessened greatly, providing valuable resources toward tasks that may have taken longer to get ramped up for an employee unfamiliar with the industry and people. In fact, the above study also indicated 33% of HR professionals and 38% of managers agree that already being familiar with the organization’s culture and having fewer training needs are the biggest benefits to hiring back former employees.
In the past, bad management is a common reason for employees to leave for greener pastures, but the pandemic has shaken this figure up — pointing to burnout and stagnated pay as catalysts for departing a career or switching industries:
Of course, these are new challenges on top of out-of-touch management, a lack of transparency and low salary or pay. Many millennials have felt it necessary to job hop in order to get promotions and learn new skills. A study from IBM indicates of one in five workers who switched jobs in 2020, 33% were gen Z and 25% were millennials. Employers must stay in touch with employees to avoid feelings of disengagement and stagnation, which bring about burnout. This is especially true for returning employees, who will recognize these signs faster.
Read more: What you can do about talent reshuffling during The Great Resignation
What brought WilsonHCG boomerang employees back?
We asked a few of our own boomerang employees what incentivized them to return to the company. Here’s what one said that we felt encompassed our culture well:
“One of the biggest factors that played a role in my decision to return was the level of ability to make an impact and influence change at WilsonHCG. There is something so special here you don’t find at many companies. We’re encouraged and empowered to put forward our ideas, they’re listened to, evolve and are implemented (without a whole bunch of red tape). I’ve often heard John Wilson, our CEO, say, ‘every single thing we do here started as someone’s idea,’ and it’s true. We, as employees, are given the opportunity to innovate and shape the future of our company every single day.”
Reducing voluntary turnover is essential as record job openings continue. Do this by positioning your organization strategically — this is key for attracting and retaining top talent, especially boomerang talent. Here’s how you can take steps to reduce turnover and ensure your employees feel both loyal and engaged after returning:
If you found this helpful, consider our additional resource on having a successful employee referral program. It’s all about constant improvement and acting on your initiatives to encourage diversity and growth within the business.