The past few years brought many changes to the staffing industry. The Great Resignation and the multi-layered effects of the pandemic led to significant changes in the hiring process and workplace dynamics. Now that much of the turmoil has eased, perspectives have changed and “Boomerang Employees” are the next big thing in 2023. Many workers who left their jobs behind are looking at them with fresh appreciation. Former employees want to come home to their old jobs.
“The Big Regret”
These “Boomerang Employees” are part of a new movement dubbed the “Big Regret.” Many workers moved from their old jobs to new ones during the Great Resignation. Some completely changed careers, while others left the formal workforce and began working freelance. For the most part, workers who switched jobs were happy with the results, with 60% seeing an increase in their earnings.
For others, however, the switch did not work out as they had hoped and planned. According to a 2022 survey, 41% of employees felt they quit their former job too quickly. Forty-three percent felt they were better off in their former positions, and 62% admitted that their previous job was better than their current one.
As “job boomeranging” becomes the new hiring trend, are there any advantages to hiring former employees?
Hiring Boomerang Employees
With many companies striving to find top talent, employers are softening toward rehiring former employees. As former employees, these “boomerangs” are considered less risky than a new hire. Based on their former employment, you know their skills and experience. They likely have positive relationships with other employees and mesh well with your workplace culture.
Former employees learn quickly if their new position isn’t a good fit for them. Don’t be surprised if they get in touch with you or the hiring team not long after leaving. If the parting was cordial, they might be able to return.
The hiring industry experienced many changes over the past few years. As things settle down, many employees are looking to return to the jobs they left behind. For businesses, it’s an excellent opportunity to bring quality talent back into the fold.
If you need help building your team this year, let ABBTECH lend a hand!