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What You Need to Know About Boomerang Employees
Posted by Insightlink on 08/05/16
With this boomerang trend on the rise, it’s more important than ever for organizations to create a culture that engages employees – even long after they’ve gone – and organizations should consider how the boomerang employee factor should affect their off-boarding and alumni communications strategies for top performers.”
• David Almeda, chief people officer, Kronos
The number one reason people quit their jobs is for a better opportunity so bosses, relax. Despite the commonly held belief that it’s all your fault, our research shows that over 40% of employees leave for better opportunities and only 15% leave because of a bad boss. In fact, Millennials are quitting at a rate of every two years making job-hopping the norm, but chances are very high this younger generation is more likely to boomerang back when they realize what they’ve missed. In the past almost 1 in 2 companies had a policy against re-hiring former employees but that’s all changed according to new research.
In the first study released in the Employee Engagement Series commissioned by The Workforce Institute at Kronos Incorporated and WorkplaceTrends.com, survey data shows a changing mindset about hiring boomerang employees.
According to the workplace trends report, 76 percent of the organizations interviewed preferred rehiring ex-employees. Employers are responding positively to boomerang employees because they require less training, they have an understanding for the way work gets done and have a good understanding of the culture. The report also revealed that in the past 5 years, 85 percent of the companies interviewed, received job applications from previous employees. Further, 40 percent of these companies said that they hired those boomerang employees.
There are several benefits to hiring a boomerang employee.
1. When they leave the company, they gain valuable skills and training they can share with you
2. When they return, they come with more experience and extensive networks
3. Their reentry into the workplace is faster. They onboard quickly and assimilate back into the organization with greater ease, they become productive at a faster rate and get up to speed because they already know the ‘drill’.
Positive communication with this group offers some powerful benefits:
When employees resign, and they are leaving for a better opportunity, be open to staying in touch and foster a welcome back spirit and the easiest way to do this is through your Exit System.
Revise your Exit Survey to include three important questions:
Almost all organizations interview departing employees, almost nine in ten do but only 4% use a systemized method of collecting and tabulating their exit survey findings. That means many organizations are missing out on the opportunity to collect valuable data that would in turn help their recruitment and retention efforts.
If you would like more information about our InsightEXIT system please visit our website here, or email us for more information at firstname.lastname@example.org or please call Lynn at 866-802-8095 ext 705.
Where does your company stand on each of the critical "4Cs" of employee engagement and satisfaction?
How many of each do you have?
AboutInsightlink Communications are experts in employee survey design, data collection and analysis. Since 2001 we've helped companies of all sizes measure and improve their employee satisfaction and engagement.
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