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Boomerang Employees: Workers Who Reunite with Former Employers
Retired Workers are Going Back to Former Employers
Note to journalists : Journalists visiting campus should follow visitor health guidelines. After all, who knows what opportunities may present themselves in the future? For some, that may be even more true than for others. Michael A. Arnold first author , University of Missouri; Chad H.
Boomerang efforts have one of the highest ROIs in recruiting. Boomerang recruitment is a high ROI activity, primarily because the cost per hire is very low and little time or effort must be invested in getting to know the candidate. While boomerangs make great hires, they also empower or embolden retention efforts by exposing employees at risk of attrition to first-hand accounts of life outside the organization and the selling points of what brought them back.
Earlier this summer, LeBron James made headlines when he announced his decision to return to the Cleveland Cavaliers after four years in Miami. This big news in the sports community has sparked discussion around an increasing trend in the job market: Boomerang employees. Similarly to LeBron, many in the job market are finding their way back to former employers. Defined as former employees rehired after an absence of a few years, boomerang employees are increasing in numbers as companies that had to lay off workers in previous years begin looking to increase their staff size once again.