Boomerang Employees Return India Inc. Witnesses a Surge in Rehiring Trend India Inc. is currently experiencing a significant upswing in the rehiring of boomerang employees, individuals who had previously worked for an organization and resigned within the last 24-36 months. This trend has seen remarkable growth, with a 20-25% increase compared to September 2022, and it is particularly prominent in sectors such as Financial Services, IT, Consulting, FMCG, Automotive, and Facility Management Services.
Leading firms like IBM, Lenovo, Compass Group India, and Hindustan Coca-Cola Beverages are embracing the return of former employees, recognizing the advantages they bring. Boomerang employees are valued for their cost-effectiveness and the wealth of organizational knowledge they possess, making them valuable assets to their former employers.
Studies also suggest that hiring boomerang employees can lead to substantial cost savings, estimated to be between 33-67% in recruitment costs. This resurgence in the boomerang employee trend highlights the importance of talent retention and the enduring relationships between individuals and their former organizations in the evolving landscape of India’s corporate sector. Stay tuned for further insights into this compelling phenomenon.
Last Updated on: Wednesday, October 4, 2023 8:18 am by Anu Priya | Published by: Anu Priya on Wednesday, October 4, 2023 8:18 am | News Categories: News, Business, GENERAL, Startups
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