Recruiting Departing and

Past Employees
By

Ololade Adejuwon
Human Resources Management MGT 2400

Instructor: Harman Grewal

March 2024
 Introduction

The Strategic Insight

Agenda Boomerang Employees

Employee Buyback

Key takeaways
 Introduction
 Employee turnover constitute a significant cost to an organization especially low
productivity of inexperienced employees (Tracey and Hinkin, 2006).
 Turnover rate may be as high as 120% in quick-service restaurants.
 Departingand Past Employees (DPE) are an often overlooked source of strategic
recruitment.
 Top-notch companies use DPE to recruit and retain “A Players”
 the right quality personnel
 best for the position
 executive talents
 technical and scientific specialists
 high performers.
 The Strategic Insight
 The way that
 As a strategic  Therefore,  Having the right
operations run in practice, HR attracting and people at the right
a company is specialists select integrating long- time and in the right
almost entirely and integrate their term service place at all time is
contingent on workforce in high performers essential to initiate,
alignment with the has been the implement, and
employee organizational secret of witty sustain the corporate
experience. goal. organizations. strategy.

• Supply chain (Schwind et al., 2022) • Microsoft (Schwind et al., 2022)

• Product quality • Deloitte
• Customer experience • Dell etc
• Workforce management • Booz Allen
(Tucker, 2018)
Boomerang employees (BE)

An employee Many companies 66% of firms In 2017, Deloitte Booz Allen Alumni programs
who leaves a are exploring BE used alumni successfully Hamilton - are used for
company for through alumni strategies to recruited 2,800 “Comeback broader
some reasons events, store recruit Kids” team advantages by
BE from its
and is later discounts and boomerang (Tucker, 2018). firms e.g.
300,000 global
rehired. networking: talents ambassadors
alumni network (Sullivan, 2009).
– “colleagues for
Reasons life”
Return to school
Pursue another job
Run family
responsibilities
Address health
conditions
 Benefits of BE Recruitment
 Reduced recruitment cost – external recruiter
consultation or ad
 Reduced cost of training and development
 Strategic use of new skills acquired by the BE
 Long-term relationship advantage
 Higher efficiency and productivity
 Higher chances of employee promotion
Employee Buy-back
 A method in which an employer renegotiate compensation to entice an employee and
discourage them from resigning.
 Mostly applicable to Hard-to-find talents – Vale uses it
 The Netflix and Google saga – personalization tech employee (McCord, 2018)
 Pros
 employees can max out on their value or expertise
 can serve as high motivation for employees
 helps organization to retain their best talents – competitive
advantage

 Cons
 can result in heated debate between competing employers
 can raise ethical concerns
 “

Excerpt
Netflix-Google
Competition for
a competent “

employee
“ (McCord, 2018)
 Key takeaways
Experienced employees are highly valuable.
Personalizationtechnology/Skill development is a hot cake for employee
competitiveness.
Ability to source and retain “A Players”
is key to the success of global leaders in technology and other businesses.
References
 McCord, P. (2018). How to Hire. Havard Business Review, accessed on March 13, 2024, from
https://hbsp.harvard.edu/product/R1801F-PDF-ENG
 Schwind, H.F. (2022). Canadian Human Resource Management, (13th ed. p. 100-101). McGraw Hill, ON.
ISBN 9781260881431
 Sullivan, J. (2009). Corporate Alumni and Boomerang Recruiting Programs Are Hot Due to Layoffs. Accessed on
March 13, 2024, from
https://www.ere.net/articles/corporate-alumni-and-boomerang-recruiting-programs-are-hot-due-to-layoffs
 Tracey, J. B. and Hinkin, T. R. (2006). The Cost of Employee Turnover: When the Devil Is in the Details. Cornell
Hotel and Restaurant Quarterly 6(15), pp. 5-6.
 Tucker, G. (2018). Why companies should stay connected with ex-employees: HR leaders are finding many reasons to
welcome ex-employees back into the fold, retrieved March 13, 2024, from
https://www.td.org/insights/why-companies-should-stay-connected-with-former-employees-pt-1.