A study released in the Employee Engagement Series developed by The Workforce Institute at Kronos Incorporated and WorkplaceTrends.com, states that the boomerang employee is being reevaluated by employers. To be clear, boomerang employees are the alumni of your organization. They are people who worked for you at some point, that would rejoin your company at a later date. It is reported in this study that 76% of employers are more accepting of hiring former employees now than in the past.
While it is admirable and even interesting that company alumni are being seen in a different light all of the sudden, we need to examine the underlying factors to understand why this trend may be emerging and has longevity.
Employers like it easy…
Considering a former employee for rehire is fairly easy. Sure, they could have picked up some bad habits elsewhere, but they are a known entity. There is a familiarity that puts both the employee and employer at ease. Training is more of a refresher than actual training. Assimilation into the the company ecosystem is fairly seamless as both parties have a sense of what makes the other tic.
The trouble with all of this “ease” is most employers have nothing in place to either keep tabs on alumni or to even rehire them without any hiccups. To effectively keep in contact with former employees, companies would actually have to change how they view voluntary terminations/resignations. Regardless of how well people perform on the job, there is often a stigma left behind when a resignation is tendered. Some companies see it as an affront when an employee leaves their company. Bad feelings, a lack of interest in knowing what motivated the resignation and poor system tracking- usually impede most companies ability to adequately follow the alumni footprint.
Got a Corporate Alumni Network?
Companies like Deloitte, IBM , KPMG and Microsoft have them. Beyond the hurt feelings and resentment often felt when employees move on, corporate alumni networks allow you to keep in touch with your former employees, so as to not have them stray too far from your grasps. It also creates a secondary pool talent pool that can act as a direct and/or indirect talent pipeline for your company.
You may be thinking you need to manage another talent community like you need another form to fill out. However, there are significant benefits to creating these networks- so long as you have the resources to manage them effectively.
Here are some of advantages to having a corporate alumni network:
1) Continued rapport and connection with former employees.
2) The ability to disseminate hiring opportunities to a network of people you already know and who understand what makes for a successful hire in your organization.
3) Creating a proprietary place for former employees to connect, share ideas and rally around your company.
From a systems, tracking and incentive perspective, there are some things we need to get right before we can even tackle a network. Watch this week’s Ask Czarina below for tips on properly tracking and incentivizing alumni/boomerang hires.