Hiring former employees beneficial: Study
Employers, take note! Recruiting former employees may be less risky than hiring newcomers as they understand the key components of the organisation's work structure and culture, new research suggests. According to two studies co-written by a University of Illinois expert, organisations of all types are beginning to recognise and embrace the value of recruiting and welcoming back former employees. From infantry soldiers to chief executives, accountants and professional basketball players, many organisations proactively recruit and rehire former employees as a way to offset high turnover costs and hedge against the uncertain process of socialising replacement employees.
Read the Economic Times news report here.