People Management & HR

How bringing back “boomerang” employees can help fix your hiring gap

  • 4 min Read
  • January 14, 2022

Author

Escalon

Table of Contents

Hidden behind the record number of U.S. employees quitting their jobs, aka the Great Resignation, lies another eye-opening phenomenon, according to a 2021 Business Insider report. An increasing number of employees, who are often dubbed boomerangs, quit their jobs during the COVID-19 pandemic but have quietly returned to take a new position from their previous employers.


Data from LinkedIn, as reported by The Wall Street Journal, shows that boomerang employees accounted for 4.5% of all new hires among businesses on the professional networking platform in 2021, up from 3.9% in 2019. And this wave of boomerang employees is not a one-off; it is likely to last for the next five years, said Anthony Klotz, associate professor of management at Texas A&M University, in an interview with Wired.


While some leaders are hesitant to onboard an employee who once abandoned ship, with so many organizations grappling with a tight labor market and skill shortages, they may be better off welcoming boomerang employees back and giving them the space to do even better things.


Back to the basics



What are boomerang employees? As the name implies, they are employees who leave an organization and then later return to work for the same organization. Their reasons for leaving vary widely, from accepting what appeared to be a promising opportunity to simply needing to hit reset to deal with burnout. 


Why are they returning? Soon after leaving an organization, some employees realized that maybe the grass isn’t greener on the other side. Their new jobs may not have been the right fit for their skills, for example, or they may have been denied a more flexible work schedule or better pay. Others might have mistaken the general stagnation of the pandemic as a sign of a stalled career. For whatever reason, these boomerang employees feel ready to return to work in a familiar place: their previous organization. 


Boomerang employees bring value 



Traditionally, leaving an organization was once looked upon as a sign of disloyalty, particularly if an employee had spent years working there. But times are changing. But nowadays, many employees leave on good terms, even sharing their new contact information and staying in touch with previous employers.  


Here are four key reasons to consider boomerang employees: 


They are more predictable than external hires: A February 2021 analysis published by Harvard Business Review suggests boomerang employees are more predictable than outside hires. Their future behavior is likely to be consistent with the behavior that they exhibited during their initial tenure, while that of the external hire is an unknown variable.


They may contribute more quickly than other types of hires: HBR’s research also finds that boomerang employees tend to have better immediate job performance, incur lower training costs and require less onboarding time, all of which make them more attractive to businesses looking to fill staffing needs fast.


They understand the organization: Even if they’ve been gone for a while and need a bit of training, boomerang employees generally understand how the business works. They are familiar with its structure, systems, processes and customers as well as the work culture.


They bring back new skill sets and knowledge: While working for a different employer, boomerang employees likely acquired new skills. Businesses stand to gain from the enhanced knowledge, fresh perspectives and innovative ideas that boomerang employees can offer.


But there are costs too



HBR’s research also finds that boomerang employees do not appear to return with higher levels of commitment, and that they are more likely to resign again than both new hires and internal promotions. 


Simply put, since they have left an organization once, they may be willing to do so again. But this is a risk that an organization must deal with for any potential hire.


Takeaway



As the COVID-19 pandemic has shown us, some employee departures are done out of necessity. If a stellar former employee reaches out to talk about potentially returning to the organization, it may be worth having a conversation. As the research found, a boomerang worker is apt to perform about the same as before they left, so bringing back a valuable ex-employee could make good business sense.

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Accounting & Finance

Tax Planning Strategies to Maximize Small Business Savings

Small business owners often grapple with tax obligations that can swallow a large portion of their profits if not managed...

Read More
People Management & HR

Streamlining HR Processes, Best Practices for Small Business Owners 

Human Resources (HR) might feel like an afterthought for many small business owners juggling day-to-day demands, yet it has a...

Read More
People Management & HR

Leveraging AI for Efficient People Operations

Artificial intelligence (AI) isn’t just for tech giants anymore—it’s increasingly accessible to small and mid-sized businesses seeking a competitive edge...

Read More
Accounting & Finance

How to Set Up Payroll, A Guide for Small Business Owners 

Setting up a payroll system is an essential step that helps small business owners pay their employees accurately and on...

Read More
Accounting & Finance

Financial Planning for the Future, Setting Long-Term Business Goals

While small businesses must handle day-to-day tasks—like managing payroll or closing monthly books—long-term planning is the compass that keeps them...

Read More
People Management & HR

Benefits Administration, What Small Business Need to Know

Benefits administration can be a game-changer for small businesses aiming to attract and retain top talent. While salaries remain an...

Read More
Accounting & Finance

AAP vs. Cash Accounting: Which Method Is Best for Your Growing Business? 

Choosing the right accounting method can significantly impact how you track financial performance, manage taxes, and plan growth. Two common...

Read More
Accounting & Finance

Beyond Bootstrapping: Advanced Cash Flow Management for Scaling Companies 

Bootstrapping—financing growth through internal cash flow—is a hallmark of many successful startups. But as businesses mature past their initial stage,...

Read More
Technology & Security

Building a Scalable Tech Stack: How to Choose the Right Tools for Growth 

In today’s business landscape, technology is more than a convenience—it’s a strategic asset that can supercharge growth. But as you...

Read More