The Changing Workforce: Understanding the Rise of Boomerang Employees

This episode of The T2 Hubcast explores the fascinating world of boomerang employees, those who leave a company and then return at a later date. Hosts Tracy Roberts and Spencer Locker explore the benefits and drawbacks of welcoming back former team members, offering insights for both employees and employers. * Statistics: Discover how the trend of boomerang employees is growing, with 4.5% of all new hires being former employees in 2021. * Perspectives: Understand both the employee and employer viewpoints on returning to a previous workplace. What went wrong the first time? What's changed now? * Awkwardness alert: Hear about the potential for awkward situations when a former employee comes back under a new leader or after a bad exit. * Strategies for success: Learn tips for both employers and employees to ensure a smooth transition and make the most of a boomerang hire. Chapters Introduction (00:00:04 - 00:01:21) Reasons for Leaving and Returning (00:01:21 - 00:03:49) The Role of Former Employers (00:03:50 - 00:06:38) Challenges and Considerations (00:06:38 - 00:08:59) The Importance of Individual Circumstances (00:08:59 - 00:10:09) Further thoughts on Reasons for Returning to Former Employers (00:10:09 - 00:11:09) Motivations for Boomeranging (00:11:09 - 00:12:52) Beyond Boomeranging: Applying these insights to general career decisions (00:12:52 - 00:14:35) Company Reputation and Unfinished Business (00:14:35 - 00:18:37) Further thoughts on Motivations for Boomeranging (00:18:37 - 00:20:00) Revolving Doors and Fresh Perspectives (00:20:01 - 00:22:34) Culture and Change Management (00:22:34 - 00:25:31) Boomerang Blues (00:25:31 - 00:28:24) Stay Interviews and Proactive Retention (00:28:24 - 00:30:00) Managing Expectations Before the Honeymoon Ends (00:30:00 - 00:33:23) Are You Back for the Right Reasons? (00:33:25 - 00:37:47) Second Chances for Second-Rate Performers? (00:35:37 - 00:38:07) Cultural Fit and Change Management (00:38:07 - 00:40:17) Due Diligence for Rehires: Beyond Resumes and Applications (00:40:17 - 00:41:26) Managing Expectations: Understanding Motivations for Returning (00:41:26 - 00:43:41) Benefits and Reintegration Challenges (00:43:41 - 00:46:36) Call To Action For You and Conclusion (00:46:59 - 00:48:04) Whether you're considering returning to a former employer or welcoming back a past employee, this episode offers valuable insights and thought-provoking discussion. Stay tuned for a discussion on the importance of maintaining positive relationships with former employees, even if they don't return to your company. --- Send in a voice message: https://podcasters.spotify.com/pod/show/thet2hubcast/message