Boomerang Research Paper

2389 Words5 Pages

Taking a U turn “Boomerang Hiring”- Bringing the employee back to the organization

Anubhuti saxena , anubhuti.jhingran88@gmail.com

Assistant Professor, Lal Bahadur Shastri College of Higher Education

ABSTRACT

For any organization employees are the most important asset. Once a good employee leaves the organization it may act as a downfall for it. In this era of globalization it has become imperative to manage the talent for the long term survival of the organization. How many employees stick to one job for more than two or three years? The concept of “Job for Life” is vanishing. People are getting attracted towards believing that the grass is greener on the other side. An increasingly fascinating strategy to battle it is the …show more content…

In today’s era of aggressive competition, most of the organizations are confronting the setback of high attrition, the finest talent has saturated and the organizations are coming out with different methods of attracting most excellent talent from the competitors.
Various authors have given their views that attrition rate (reduction in the number of employees through retirement resignation or death) can be reduced but will never be zero. Companies’ aim must not be to retain all the employees but the practice of reattracting good ex employees may be beneficial.
Companies spend huge amount on developing marketing strategies to develop new relationships, besides this why doesn’t the company invest in making sure that the former employees have a good impression of their careers with it and continue the feeling that the firm cares about them.
Ex- employees may return back for growth opportunities, emotional satisfaction, friendship, social circle, people and relationships and the reasons could be …show more content…

Infosys Infosys Global Alumni Network- helps in rehiring as the ex-employees remain updated about the openings.
Green channel hiring was a time bound initiative by Infosys to bring back the ex- employees.
8. Yahoo There is an alumni portal through which ex- employees stay updated and connected.
The organization invites ex-employees for seminars and symposiums which are conducted on a regular basis so that they can re-familiarize themselves with the company

• Although the hiring of boomerangs using a formal process is not widespread, there are several firms that have implemented boomerang programs. Apart from these firms other firms such as McKinsey, Brain &co., HP, Gensler, Booz Allen Hamilton Integron, Make my trip have successfully adopted the strategy and have high rate of rehiring.
• Few basic safety measures need to be thought over while rehiring a candidate such as his employment history, reasons of previous disconnection, settlement of claims or dues or any other negative feedback from earlier administrators.
.
ACTION STEPS-HOW TO BRING BACK EX-EMPLOYEES??

1. Maintaining contacts and building good relationships with the ex-employees, informing and updating them about ones’ job openings and new projects is considered the most effective strategy to bring back the star

Open Document