THEY ARE CALLED BOOMERANGS—-EMPLOYEES WHO QUIT BUT ARE LATER REHIRED. A recent article in the journal Personnel Psychology entitled , Gone Today Here Tomorrow: Extending the Unfolding Model of Turnover to Consider Boomerang Employees, found the trend is growing. The old idea of company loyalty is changing for both companies and employees. Although not all companies are on board with this strategy, there is increasing recognition that employees change jobs more frequently than in the past.
Why rehire former employees?
*No recruitment and training costs
*Familiar with company’s culture
*No know what you are getting
Source: This article in Personnel Psychology examined an accounting firm of 15,00 employees ,where, at the time od the study 20% of the hires were people who had left and returned.