According to two studies co-written by a University of Illinois expert, organisations of all types are beginning to recognise and embrace the value of recruiting and welcoming back former employees.
From infantry soldiers to chief executives, accountants and professional basketball players, many organisations proactively recruit and rehire former employees as a way to offset high turnover costs and hedge against the uncertain process of socialising replacement employees.
Ideally, these so-called ‘boomerang employees’ already understand the key components of the organisation's work structure and culture, which makes them less risky hires than newcomers, said T Brad Harris, a professor of labour and employment relations at Illinois.
"In addition to understanding the organisational culture, returning employees might also be more committed to the focal organisation upon their return because, in essence, they've learned firsthand that the grass isn't always greener on the other side,"
High demand for skilled IT professionals in India
Modi effect: Companies to go on a hiring spree
'Delhi created maximum jobs; overall hiring declined in 2013'
Sports Shorts: Bhullar is first Indian-origin player to join NBA
6 Indians among college-dropout billionaires