Catherine Dill

speaker
276 appearances 6 recordings 1 series first heard Dec 2021 last heard Sep 2022

Catherine Dill’s voice in public audio — every appearance, attributed to the second.

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Certainly, we're seeing this as a positive potential step, both for former workers and for employers, a lot of whom are struggling to fill jobs right now.
They can bring on proven workers quickly.
And LinkedIn data actually shows that these returning so-called boomerang workers have increased across the companies on its platform this year.
They're about 4.5% of all new hires this year.
among companies on the site up from 3.9% over the same period in 2019.
You know, many companies, particularly large employers, maintain groups of alumni.
So in some cases, that's a good pool to tap, both for hires that you might want to bring back and for referrals.
So this is something that LinkedIn actually does with its own employees.
It maintains this thriving LinkedIn group of former LinkedIn employees, and they have traditionally tapped that group, both for people they might want to bring back and for potential referrals.
They extend referral bonuses to their alums as well.
But they've really emphasized that in the last number of months.
They were seeing it organically and started sort of targeting this group with encouragement for alums to return more specifically.
But we also see it happening just sort of naturally among, you know, managers tapping their former networks, reaching back out to people who left years ago or who left recently or who they've worked with at another company and saying, why not come back?
Well, there's a lot of question marks associated with a new hire.
Even if somebody interviews really well and has sort of superlative references and things like that, you're never totally sure what you're getting in an employee that you've never worked with before.
So there are some obvious benefits in bringing back people that you already know you had a really successful experience with.
Those workers also can sort of shrink the time that it takes to build institutional knowledge.
to get up to speed really quickly in what they do.
So there's a lot of demonstrable benefit for companies, certainly.
There's the same sort of dynamic where you already know some of the key things that it can take a while to figure out about a job.
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