Embracing Job Hoppers and Boomerang Employees
The idea of workplace loyalty, held by employees throughout much of the 20th century, seems to be a thing of the past, with employees "job hopping" in increasing numbers.This is true across all
Another trend to emerge is the "boomerang" employee. As the term implies, a boomerang employee is one who leaves a company for another opportunity, but later returns to the original company bringing additional experience and skills. Here are some of the reasons behind those trends, and considerations for employers who want to remain competitive in hiring top talent:
According to the Bureau of Labor Statistics, the median length of time employees
Why Employees Engage in Job Hopping
There are many reasons employees are switching jobs, and while increasing compensation is a nice gesture to keep them, most reasons have little or nothing to do with money. This begs the question, what has greater value than money? OK, perhaps some of the decision is based
Impact on Employees
Job hopping has an obvious impact on organizations. The costs associated with recruiting, hiring, and training new employees are measurable, but there's also an impact on company culture. Embedding ongoing education and training opportunities, creating career paths, and fostering an environment where continuing education is encouraged can go a long way when it comes to helping employers limit the effect of job hopping. Despite the costs, job hopping can be advantageous for employers. When there's turnover, the employer has an opportunity to breathe new perspective into the organization by consolidating teams, combining roles, or introducing a new skill set to improve dynamics between departments. When one door closes, employers should choose the next door to open.
An interesting trend with job hopping is the increase in the number of employees who return to previous employers. Companies that have maintained a mindset against re-hiring former employees may want to reconsider that stance. Former employees who left an organization to pursue other opportunities, but later want to return, can provide a treasure trove of information and skills that can make a huge difference in terms of competition. For employers and employees alike, there's an increased importance on keeping the door open for valued employees to return later on as a more seasoned professional. While departing employees are often mindful not to "burn their bridges," employers should keep that same advice in mind as well.
Companies who want to be competitive in recruiting top talent should look for ways to embrace these trends. Learn about the latest tips and trends in our upcoming 2017 Salary Guide. You'll find great information in there that you can use to your advantage for the cost of nothing. Stay educated, stay in the lead.